Cardano invests 96 million ADA in network development
The blockchain developer Cardano — Input Output Global (IOG) — has received approval for funding amounting to 96 million $ADA (approximately $70.6 million) from the project's treasury. These funds will be directed towards technical enhancements of the ecosystem over the year.
What they plan to implement:
- Improvement of scalability and integrations
- Development of Hydra — a protocol for fast transactions
- Implementation of Project Acropolis — a modular node architecture
- Optimization of resources for staking pools
- Preparation for more complex smart contracts
