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Cardano’s main development team has received approval to pay 96 million ADA from the Ministry of Finance to create ahead with the proposed upgrade to the network.
Global’s input output (IOG) – Cardano’s main development team – submitted a $ 71 million proposal in Cardan (Ada) which has passed With 74% for, representing 200 votes, six against and seven restraints, according to the management proceedings.
The 12 -month development plan focuses on improving scalability, developer experience and interoperability.
However, the proposal gained some concerns of the community regarding the costs, overall responsibility and transparency.
Upgrade involves faster transactions, better on board
The financing will be based on a milestone and organization based in Cardano intersecting as an independent manager.
Payments will be published when upgrades are provided with further supervision through intelligent contracts and specialized committee, according to to IOG.
IOG also undertook to publish monthly updates, engineering time schedule and quarterly budget disintegrations.
Some of the key projects in the development of IOG design include Hydra, a protocol for fast, cheap transactions and Acropolis project, modular re-architecture of the Cardano node for greater flexibility and easier to start new developers.
Cardano’s average transaction costs are currently 0.34 ADA, according to To the blockchain research company Messari with a diameter of 20 seconds per block.
In addition, IOG seeks to reduce the use of RAM and reduce the operator’s operator’s operators through performance optimization and implement technical foundations for more advanced intelligent contracts and trouble -free interoperability.
Voice concerns in the Cardano Community on Cost, Transparency
Tim Harrison, Vice President for the community and ecosystem in IOG, said on Saturday that it was the first time the community directly allowed basic financing of development for Cardano.
However, before the vote, members of the community expressed Concerns about financing costs, transparency around how the teams would be used, how the funds would be spent and responsibility for the provision of what has been promised.
Some also inquired Whether the proposal should be divided into smaller targets with separate budgets and individual votes on each item.
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A competitive proposal from the Cardan Technical Management Commission (TSC), which was not eventually approved by the intersecting.
Adam Rusch, Member of the Board of Intersect, said In post 28 April on X that it would be left to a community that will propose to support.
They also upgrade other blockchains
Cardano is not the only blockchain that works on upgrades this year.
Solan network July 22 increased the capacity of the block by 20%Increasing the limit to 60 million computing units (Cu) with plans for further expansion by the end of the year.
Meantime, Ethereum’s gas limit July 22 increased to less than 44.92 million according to on charts. The higher gas limit allows Ethereum to process multiple transactions per block.
Ethereum’s Pecra Hard Fork also took place on May 7, which increases the number of Blobs data to the block and the limit of the validator, among other things. Another upgrade, Fusaka, is scheduled for the end of 2025.
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