The Cardano community has officially approved the 'IOE Roadmap' proposal with a support rate of 74.01%.
This proposal will use approximately 96,817,080 ADA equivalent to 71 million USD from the treasury to develop the core protocol, focusing on enhancing scalability, developer experience, and interoperability.
MAIN CONTENT
The 'IOE Roadmap' proposal was approved by the Cardano community with a support rate of 74.01%.
Approximately 96.8 million ADA (71 million USD) will be allocated from the treasury for protocol development.
The development goals focus on scalability, programming experience, and ecosystem interaction.
What is Cardano's 'IOE Roadmap' proposal?
The 'IOE Roadmap' proposal is an important development plan approved by the Cardano community, aimed at upgrading the core elements of this blockchain. This is a strategic step to maintain competitive positioning and sustainable development.
After being approved with a vote of 74.01%, the proposal will use nearly 97 million ADA to fund critical technical upgrades, supporting a stronger development ecosystem.
How will the treasury funding be used?
Approximately 96,817,080 ADA, equivalent to nearly 71 million USD, withdrawn from the treasury will focus on three core areas: scalability, improving developer experience, and enhancing interoperability in the Cardano ecosystem.
This investment aims to address technical challenges, facilitate the development of DApps, while enhancing network performance and interoperability with other blockchains.
The 'IOE Roadmap' proposal marks an important turning point in strengthening technical capabilities and expanding the Cardano ecosystem, promising many opportunities for the community and developers.
Cryptocurrency analyst, August 2024
What is the importance of technical upgrades in blockchain development?
Technical upgrades help improve scalability, security, and developer friendliness, thereby promoting the sustainable development of the blockchain. This also lays the foundation for building diverse and robust decentralized applications.
Cardano focuses on enhancing the programming experience, increasing incentives for developers to build projects on the platform, while expanding connections with other ecosystems through improved interoperability.
How does the 'IOE Roadmap' proposal impact the Cardano community?
The significant investment from the treasury demonstrates Cardano's commitment to long-term development, fostering strong trust among investors, developers, and users. This is a step forward to help the Cardano network compete effectively in the global cryptocurrency market.
Technical upgrades not only improve processing performance but also open new opportunities for building DeFi (Decentralized Finance) solutions and decentralized applications (DApps) on Cardano.
Frequently Asked Questions
Who is the 'IOE Roadmap' proposal for?
The proposal targets the entire Cardano community, especially developers, investors, and users who wish to enhance efficiency and expand applications.
What will the approximately 97 million ADA be used for?
Development funding focuses on upgrading scalability, improving the developer experience, and enhancing ecosystem interactions.
What is the significance of upgrading interoperability in Cardano?
Interoperability allows Cardano to connect with other blockchains, expanding the ecosystem and facilitating cross-chain transactions.
How does the community evaluate this proposal?
The support rate of 74.01% reflects a high level of consensus and great expectations for the development outcomes brought by the proposal.
How does treasury funding affect ADA's value?
The prudent use of the budget for development helps strengthen trust and promote sustainable ADA value over time.
Source: https://tintucbitcoin.com/cardano-cong-dong-duyet-de-xuat-ioe/
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