The basic development team of Cardano received approval to receive 96 million ADA from the Treasury to move forward with upgrades offered to the network.
Entrance Output Global (IOG) – The main development team of Cardano – submitted the proposal for the equivalent of $ 71 million in Cardano (ADA), which succeeded 74% in favor, representing 200 votes, six against and seven abstaining, according to the action of governance.
The 12 -month development plan focuses on improving scalability, developers’ experience and interoperability.
However, the proposal aroused a certain concern of the community on costs, global responsibility and transparency.
The upgrade includes faster transactions, better integration
The funding will be based on the milestones, with the organization based on the members of Cardano which acts as an independent administrator.
Payments will be published as upgrades are delivered, with other surveillance via smart contracts and a dedicated committee, according to IOG.
Iog is also committed to publishing monthly updates, engineering time sheets and quarterly budgets.
Some of the main development projects in the IOG proposal include Hydra, a protocol for fast and low -cost transactions and the Acropolis project, a modular re -chitecture of the Cardano node for greater flexibility and easier integration of new basic developers.
The average cost of transaction in Cardano is currently 0.34 ADA, according to the Blockchain Messari research company, with an average of 20 seconds per block.
In addition, Iog seeks to reduce the use of RAM and reduce operational costs for apple pool operators through performance optimizations and implement technical foundations for more advanced intelligent contracts and transparent interoperability.
Cardano Community Voice Preories concerning costs, transparency
Tim Harrison, vice-president of the community and the IOG ecosystem, said on Saturday in a statement that it was the first time that the community directly authorized funding for basic development for Cardano.
However, before the vote, the members of the community expressed their concerns concerning the cost of financing, the transparency around how the teams would be used, how the funds would be spent and the responsibility for the delivery of what has been promised.
Some also wondered if the proposal should be broken down into smaller objectives with separate budgets and individual votes on each element.
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There was a competing proposal from the Technical Management Committee of Cardano (TSC), which was ultimately not approved by Intersect.
Adam Rusch, a member of the Intersect board of directors, said in a position on April 28 to X, that he would be left to the community that proposed to support.
Other blockchains also improve
Cardano is not the only blockchain to work on upgrades this year.
The Solana network increased its block capacity by 20% on July 22, increasing the limit to 60 million calculation units (Cu) with plans for new expansion before the end of the year.
Meanwhile, the Ethereum gas limit increased to just under 44.92 million on July 22, according to Ycharts. A higher gas limit allows Ethereum to treat more transactions by block.
The Fork Hard Hard d’Ethereum was also put online on May 7, increasing the number of data blobs per block and the validator upgrade limit, among other upgrades. The next upgrade, Fusaka, is scheduled for the end of 2025.
Review: Charles Hoskinson, Cardano and Ethereum – for the record
