👀The Cardano community has allocated 96 million ADA to developers amounting to $70 million
This proposal was supported by 74% of voters.
The funds will be directed towards network development over the next 12 months.
The organization behind the blockchain, IOG, also plans to reduce memory usage for staking pools and lay the groundwork for more complex smart contracts.
The decision has raised concerns within the community. Some participants expressed doubts about the cost of work, transparency of fund usage, and accountability.