Cardano (ADA) verifies a $ 71 million plan to update network

Update update will come to Cardano

At the beginning of August, the Cardano community approved a large degree design. This assigns 96 million ADA ($ 71 million at the time of approval) To update the payment network. This is a small revolution: This is the first time that the development of the main protocol has been financed by the chain management.

What will these tens of millions of dollars will be used for? Will be designed for Cardano main developers to set up several updates. Hydra should be increasedSolution of the second layer of blockchain, as well as ouroboros leios, the development of a consensual method aimed at the treatment of a larger number of transactions.

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Emphasis will also be placed on the user experience of developers. “Project Acropolis” allows Cardano’s main software to split into several modulesSo that they are easier to understand and improve. The net should also consume less RAM and synchronize faster.

Other changes on the side of intelligent contracts: “nested transactions” appear. This allows you to create more complex applications, and therefore have a stronger and flexible intelligent. Finally, we can also quote the development of Mithril, a protocol that makes it easier to start light customers that are necessary for certain applications.

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Update that is not unanimous

If the network development is generally appreciated, in the context where Cardano has exceeded some competitors, The way in which several reactions are brought. Some lifted the eyebrows in the face of a large amount that is assigned to this development.

However, fund management is provided by an independent organization and Global’s input output, a Cardano -associated company, will have to provide monthly messages Including time sheets and budget balance sheets.

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Others point out that it would be more appropriate and perhaps more transparent Vote for each part of this updateRather than a general vote that includes all sub -proids. It should also be noted that a competitive proposal, which carried by another group, was not left.

The way Cardano returns to the front of the stage?

The fact remains that this is auguled by significant changes in Cardano: Will be a greater frequency of transactions at reduced costs. Moreover, the simplification of infrastructure could allow new developers to attract.

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It’s a problem of survival for cardanowho tries to make a place before the hegemonic Ethere and Sola, which pierced last year. It remains to be seen whether blockchain will also find his niche.

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Source: IOHK