Blockchain & Web3 Worldwide

Cardano Community Approves $70M for Core Network Upgrades

Cardano’s decentralised governance has delivered a major decision that could shape its future trajectory. The community has voted to allocate $70 million from the network’s treasury toward accelerating its core development roadmap.

The approved proposal, called the IOE Roadmap, secured around 74% voter approval in an on-chain governance process. Under this plan, approximately 96 million ADA tokens will be transferred to Input Output Global (IOG), the company behind Cardano’s foundational infrastructure. Funding will be milestone-based and supervised by Intersect, the ecosystem’s governance body, to ensure transparency and accountability.

According to the roadmap, the new budget will prioritise three areas. First, the implementation of Hydra, Cardano’s Layer-2 scaling solution designed to boost transaction speed and lower costs. Second, Project Acropolis, a redesign of the Cardano node system aimed at modularity, making it easier for developers to build and maintain. Third, efficiency improvements for validators, such as reducing memory and resource consumption to enhance network reliability.

This decision is seen as a landmark moment for decentralised governance, showcasing how token holders can directly influence core budget allocations. While some community members raised concerns about oversight, the approval signals strong confidence in Cardano’s long-term strategy and commitment to continuous innovation.

As the competition among Layer-1 platforms intensifies, this funding is expected to give Cardano an edge. By advancing scalability and developer accessibility, the network aims to attract more decentralised applications and enterprise use cases, strengthening ADA’s role as a utility token.

IOG has confirmed that detailed progress reports will be released monthly, including engineering milestones and budget tracking, to maintain trust and engagement with the community.

With this vote, Cardano takes a decisive step toward a bigger and more scalable blockchain future, one driven by collective governance and strategic investment.

Read also: SEC Calls for Regional Licensing as Crypto Fraud Rises in West Africa

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