Cardano Secures 96 Million ADA Treasury Funding to Propel Major Network Upgrade
Main Idea
Cardano's core development team, Input Output Global, has secured $71 million (96 million ADA) from the treasury to fund a critical network upgrade aimed at enhancing scalability, security, and blockchain efficiency.
Key Points
1. Cardano’s treasury allocated 96 million ADA (~$71M) to support network development, focusing on scalability, security, and ecosystem growth.
2. The funding will enhance developer tools, including new SDKs and APIs, to simplify decentralized application (dApp) creation.
3. Cardano’s treasury governance is decentralized, with ADA holders voting on funding proposals to ensure transparency and community alignment.
4. The upgrade aims to improve network performance and security, benefiting users and developers, and expanding Cardano’s decentralized finance (DeFi) ecosystem.
5. This funding marks a pivotal step in Cardano’s roadmap, reinforcing its commitment to decentralized innovation and sustained growth.
Description
Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! Cardano’s core development
Latest News
- Ethereum Whale Moves Suggest Diverging Market Sentiments Amid Macroeconomic Uncertainty2025-08-04 07:28:58
- Gate Sees $63.87 Million Net Capital Inflow in 24 Hours, Ranking Second Globally According to DefiLlama2025-08-04 07:28:12
- Bitcoin May Find Support Near $112K Amid Cooling Momentum and Market Uncertainty2025-08-04 07:27:54
- Institutional Accumulation of 15,846 ETH Suggests Potential Impact on Liquidity and Market Sentiment2025-08-04 07:27:25
- BNB Holder Sells 4,759 Coins for $591K Profit, Missing $508K Potential Gains2025-08-04 07:13:41