Cardano Voters Approve $71M Proposal for Major Network Upgrades
The post Cardano Voters Approve $71M Proposal for Major Network Upgrades appeared on BitcoinEthereumNews.com. The post Cardano Voters Approve $71M Proposal for Major Network Upgrades appeared first on Coinpedia Fintech News The Cardano community just hit a major milestone. With strong support from voters, the network is now set to move into an exciting new phase, pushing it closer to full decentralization with a $71 million treasury proposal! The proposal, submitted by Input Output Global (IOG), passed with 74% of the vote. It unlocks 96 million ADA, which is about 13% of Cardano’s total treasury. The funds will be released in stages and overseen by Intersect, a community-governed organization. The Cardano community just made history. For the first time ever, core development funding has been directly approved by the community – ushering in a new era of decentralized governance. Thank you all for your support. This is more than a vote of confidence, it’s a shared… — Input Output (@InputOutputHK) August 2, 2025 A Big Win for Decentralized Governance This is also a first for the ecosystem, with core development funding being directly approved by the community, a major step forward for Cardano’s decentralized governance model. “This is a milestone moment for Cardano,” said Tim Harrison, EVP Community & Ecosystem at Input Output. “This vote of confidence empowers us to move forward with full transparency, shared responsibility, and a renewed commitment to building an open, resilient ecosystem”, he added. What the Grant Will Fund: Key Network Upgrades to Watch This funding will power upgrades aimed at improving interoperability, scalability, and the developer experience. Key improvements funded by the upgrade include: Ouroboros Leios – A major performance upgrade that boosts throughput without compromising security or decentralization. Hydra – Enables ultra-fast, low-cost transactions, perfect for micro-payments and real-time applications. Mithril upgrades – Reduces sync times and supports lightweight clients, making the network more accessible. Nested Transactions…
The post Cardano Voters Approve $71M Proposal for Major Network Upgrades appeared on BitcoinEthereumNews.com.
The post Cardano Voters Approve $71M Proposal for Major Network Upgrades appeared first on Coinpedia Fintech News The Cardano community just hit a major milestone. With strong support from voters, the network is now set to move into an exciting new phase, pushing it closer to full decentralization with a $71 million treasury proposal! The proposal, submitted by Input Output Global (IOG), passed with 74% of the vote. It unlocks 96 million ADA, which is about 13% of Cardano’s total treasury. The funds will be released in stages and overseen by Intersect, a community-governed organization. The Cardano community just made history. For the first time ever, core development funding has been directly approved by the community – ushering in a new era of decentralized governance. Thank you all for your support. This is more than a vote of confidence, it’s a shared… — Input Output (@InputOutputHK) August 2, 2025 A Big Win for Decentralized Governance This is also a first for the ecosystem, with core development funding being directly approved by the community, a major step forward for Cardano’s decentralized governance model. “This is a milestone moment for Cardano,” said Tim Harrison, EVP Community & Ecosystem at Input Output. “This vote of confidence empowers us to move forward with full transparency, shared responsibility, and a renewed commitment to building an open, resilient ecosystem”, he added. What the Grant Will Fund: Key Network Upgrades to Watch This funding will power upgrades aimed at improving interoperability, scalability, and the developer experience. Key improvements funded by the upgrade include: Ouroboros Leios – A major performance upgrade that boosts throughput without compromising security or decentralization. Hydra – Enables ultra-fast, low-cost transactions, perfect for micro-payments and real-time applications. Mithril upgrades – Reduces sync times and supports lightweight clients, making the network more accessible. Nested Transactions…
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