Cardano’s $71M Treasury Spend: A Gamble or a Game-Changer?

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Cardano’s core development team has just been handed a check so big, it could buy a small island (or at least a very fancy coffee). 💸 🌴

Input Output Global (IOG) — the team behind Cardano’s blockchain — submitted a proposal for the equivalent of $71 million in ADA, which passed with 74% in favor. Because nothing says “trust us” like a 74% majority and six people who clearly didn’t read the fine print. 🤷‍♂️

The 12-month plan? Making Cardano faster, friendlier, and more “interoperable” than a group of diplomats at a dinner party. 🥂

But wait! Some community members are asking, “Is this a blockchain or a casino?” 🎰 The concerns? Costs, accountability, and the existential dread of “What if they spend all the money on glitter?” 🌈

Upgrade includes faster transactions, better onboarding

Funding will be milestone-based, with Intersect acting as the “adult in the room” (or at least the one with the spreadsheet). 📊

Payments will be released like a surprise birthday party — only with more code and fewer confetti cannons. 🎉

IOG also promised monthly updates, engineering timesheets, and quarterly budget breakdowns. Because nothing says “transparency” like a 100-page report on your coffee consumption. ☕

Key projects? Hydra (for fast, low-cost transactions) and Project Acropolis (for a more flexible blockchain). Because who doesn’t want their blockchain to feel like a Swiss Army knife? 🛠️

Cardano’s average transaction cost? 0.34 ADA. For reference, that’s about the price of a subway token in a city that’s never had a subway. 🚇

IOG is also aiming to lower RAM usage, reduce costs for stake pool operators, and build a “technical foundation” for advanced smart contracts. Because why not? 🚀

Cardano community voice concerns about costs, transparency

Tim Harrison, IOG’s VP of Community, called this the “first time the community directly authorized core development funding.” Because nothing says “democracy” like a vote where 200 people say yes and six say “I’m not sure.” 🤔

But before the vote, the community was like, “Wait, is this a budget or a fantasy?” 🧐

Some wanted the proposal broken into smaller chunks. Because who doesn’t love a good “micro-budget” approach? 🧱

A competing proposal from the TSC was rejected. Because sometimes, even in crypto, the “cool kids” don’t get their way. 😅

Other blockchains are also upgrading

Cardano isn’t the only one playing the upgrade game. Solana just boosted its block capacity by 20% — because why have a limit when you can have a “limit” that’s actually a suggestion? 📈

Ethereum’s gas limit hit 44.92 million, and its Pectra hard fork went live. Because nothing says “innovation” like a name that sounds like a sci-fi movie. 🚀

The next upgrade? Fusaka. Because “Fusaka” sounds like a character from a 1990s anime. 🎮

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2025-08-04 08:06