#noticiascripto $ADA 🚨🔥The Cardano community approved an expenditure of 71 million dollars from the treasury for network improvements
Before the proposal was approved, the Cardano Technical Steering Committee presented a competing offer and users expressed concerns about transparency and accountability.
The Cardano community approved an expenditure of 71 million dollars from the treasury for network improvements
News
The core development team of Cardano received approval to receive 96 million ADA from the treasury to move forward with the proposed improvements for the network.
Input Output Global (IOG), the main development team of Cardano, presented the proposal equivalent to 71 million dollars in Cardano
ADA
0.6387 €
, which was approved with 74% in favor, representing 200 votes, with six against and seven abstentions, according to the governance action.
The 12-month development plan focuses on improving scalability, developer experience, and interoperability.
Still, it raised some concerns in the community about costs, overall accountability, and transparency.
