Cardano Community Takes Control, Puts $38.9 Million Roadmap Budget to Vote

Cardano, a leading decentralized blockchain platform, has taken a significant step towards self-sustainability by handing over development control to its community. As part of this effort, a $38.9 million roadmap budget will be put to a vote through May 24, marking a crucial test for the project's governance model.

The centerpiece of the proposal is the Ouroboros Leios protocol upgrade, which aims to increase throughput from around 10-15 transactions per second to several hundred, with a maximum of approximately 1,000. This upgrade will involve separating transaction validation from block production to improve parallel-processing efficiency.

IOG (Input Output Global) has directed much of the Leios budget towards node-performance upgrades, monitoring systems, and security enhancements. The testnet for this upgrade is expected to launch in June, with a mainnet deployment planned within the year.