The Cardano community has reached a significant milestone in the proud history of the blockchain by approving core development funding through voting for the first time.
First Steps Towards Decentralized Governance
Against the backdrop of platform achievements, the Input Output Engineering (IOE) group proposed a roadmap for funding from the Cardano treasury, which was supported by 73.93% of community votes. This marks a significant step towards increasing the community's role in project governance.
Response from Cardano Founder
Cardano's founder, Charles Hoskinson, expressed gratitude for the community's support, stating, "Thank you everyone for your support and trust. Let's get it done." He highlighted the importance of this stage for the future of the platform.
Upcoming Upgrades and Improvements
The approved funding touches upon key upgrades in scalability, developer experience, and interoperability. Among them are Ouroboros Leios, Hydra, and other protocols that will significantly increase transaction speeds and provide support for broader real-time applications.
Thus, the new approval of core development funding opens up prospects for significant improvements in the Cardano ecosystem, advancing the ideas of decentralized governance and community engagement in the future of blockchain.
