Cardano Network Upgrades: Community Unleashes Massive $71M ADA Boost for Future Innovation

Key Points

1. The $71 million ADA funding was approved by 74% of the community (200 out of 213 votes), highlighting Cardano's decentralized decision-making process.

2. Key projects funded include Hydra, a Layer 2 scaling solution aiming for millions of transactions per second (TPS), and Project Acropolis, which focuses on modular development to simplify core upgrades.

3. Hydra will enable off-chain transactions while maintaining security, addressing scalability, while Project Acropolis aims to streamline developer onboarding and network flexibility.

4. Expected upgrades include significantly faster transaction speeds (millions of TPS), near-zero costs for many transactions, and improved developer accessibility.

5. The upgrades aim to enhance Cardano's competitiveness among Layer 1 blockchains and increase the utility of ADA by improving DeFi and dApp performance.