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50 Million ADA Tokens at Stake as Cardano Unveils Roadmap Milestones
Cardano’s Fund10 voting with 1,467 projects for 50 million ADA tokens has concluded, marking a pivotal moment for growth.
Cardano’s development company, IOHK, recently released its latest weekly report, providing insights into the progress made within the Cardano ecosystem. One of the major highlights of the report is the completion of the Fund10 voting process in Project Catalyst, which has garnered significant attention from ADA enthusiasts worldwide.
Fund10 marked a pivotal moment for Cardano, as 1,467 projects vied for a portion of the substantial fund, consisting of 50 million ADA tokens. The fate of these projects now rests in the hands of the Cardano community, who actively participated in the decision-making process.
The voting process focused on addressing 13 challenges crucial to the growth of the Cardano ecosystem, with ADA token holders playing a central role in determining the projects with the most potential.
Every Friday, we publish our weekly #Cardano development update. So for the lowdown on what IOG’s dev team has been working on last week, head on over and take a look👇https://t.co/GSe0KM7aju
— Input Output (@InputOutputHK) September 15, 2023
Progress on Cardano’s Roadmap
The IOHK report also highlighted significant progress among various teams working on Cardano’s core technology. The performance and tracing team achieved notable advancements, including benchmarking UTXO-HD and the P2P stack, which improved the analysis pipeline. Work on node, network ING, and consensus enhancements is ongoing, further strengthening the Cardano blockchain.
The Lace team introduced version 1.5, which includes multidelegation functionality, allowing users to delegate ADA to up to five stake pools. Additionally, enhanced Ledger hardware wallet support for dApps and smart contracts was unveiled, enhancing user accessibility.
The Plutus Core team simplified the process of encoding custom data types in Plutus Tx, potentially reducing script costs. The Hydra team streamlined the commit process, simplifying the chain layer and adding support for inline datums.
In the governance sphere, progress is being made on SanchoNet, a technical testbed for CIP-1694’s on-chain governance actions. Cardano API provider Blockfrost now offers access to SanchoNet, further advancing the development of on-chain governance.
IOHK’s Weekly Development Update
Every week, IOHK publishes a development update, providing detailed information on the progress made by the Cardano development team. The update includes various improvements and advancements achieved in the past week.
IOHK’s commitment to transparency and regular updates allows stakeholders and enthusiasts to stay informed about the ongoing development efforts and milestones achieved by Cardano.
Overall, Cardano’s Project Catalyst has successfully completed the Fund10 voting process, determining the projects that will receive funding from the substantial fund of 50 million ADA tokens. Additionally, significant progress has been made on Cardano’s roadmap, with advancements in various teams and areas of development. IOHK’s weekly development update ensures continuous communication and transparency with the Cardano community, keeping them informed about the latest developments and milestones in the Cardano ecosystem.
