Cardano Approves $71M in ADA for Core Development and Network Upgrades

Cardano Approves $71M in ADA for Core Development and Network Upgrades
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Scalability, developer experience, and interoperability are the three main areas that will be addressed in the 12-month development plan.
According to IOG, payments would be disbursed upon delivery of enhancements, and further monitoring will be provided.

The treasury has authorized the payment of 96 million ADA to the Cardano core development team so that they may go on with the planned network enhancements.
The request, put forward by Input Output Global (IOG), the primary development team of Cardano, for the amount of $71 million in Cardano, was approved by a 74% majority, or 200 votes, with six voting against and seven abstaining, as recorded in the governance action.
Key Areas Targeted
Scalability, developer experience, and interoperability are the three main areas that will be addressed in the 12-month development plan. The community was still concerned about the expenses, general accountability, and lack of openness. Intersect, an independent administrator, is a

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