Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Cardano Network Upgrade Gets $71M Green Light

Cardano Network Upgrade Gets $71M Green Light

coinfomaniacoinfomania2025/08/27 14:20
By:coinfomania

Cardano is making a big move, as reported by Coin Bureau via X. The popular blockchain platform just got the green light to spend $71 million worth of ADA tokens on a year-long upgrade. The money will go toward improving the speed of the network, giving developers better tools, and making Cardano more connected with other blockchains.

This decision came straight from the community. Cardano is known for letting its users vote on big ideas — and this one passed. But even with majority support, not everyone’s feeling great about it.

So, What Exactly Are They Upgrading?

According to the team, this Cardano network upgrade will focus on three main things:

Scalability: That means making the network faster and able to handle way more transactions at once.

Developer Tools: New tools and resources will help builders create apps on Cardano more easily.

Interoperability: This is about making Cardano work smoothly with other blockchains like Ethereum and Bitcoin.

If everything goes according to this plan, the result will be great. A stronger, more flexible, and easier-to-use Cardano network. That could bring in a lot more users, more apps, and more real-world use. 

But Here’s the Catch…

While the community voted “yes,” the decision has sparked some real debate. A lot of Cardano users support the upgrade in theory, but they’ve raised some serious concerns too.

One big issue? Transparency.

People want to know how the $71 million will actually be spent. There’s been frustration about the lack of clear breakdowns or regular updates. For a community-led project, some say it doesn’t feel as open as it should.

Another concern is the cost.

Some think $71 million is too much. They’re worried that throwing money at the problem might not lead to real results. Others are asking: “Can we afford this? What if it doesn’t work out?”

Why This Matters

Cardano is in a race. Blockchain is changing quickly. Blockchains like Ethereum, Solana, and Avalanche are always moving forward, trying to get better and faster. If Cardano wants to stay in the race — or maybe even lead it — it has to keep pushing too.

That is why this Cardano network upgrade is pretty important. It’s not just about fixing small issues or making things a little faster. It is about shaping Cardano’s future. By making it easier for people to use, more powerful for developers, and better for real-world projects and apps.

What Happens Now?

Over the next 12 months, Cardano’s development teams will roll out the upgrades. The community will be watching closely. People want results. And even more than that — they want honesty.

If the upgrades deliver what’s promised, this could be a huge step forward for Cardano. But if communication stays unclear, or if the improvements fall short, the community could lose trust.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

XRP News Today: SBI's XRP Bet Stands Strong Amid Blockchain Expansion Surge

- SBI Holdings reaffirms XRP's strategic role in cross-border payments despite new blockchain partnerships with Chainlink, Circle, and Startale. - Chainlink's CCIP and compliance tools enhance SBI's infrastructure, but XRP remains critical for live corridors like Japan-Philippines due to cost efficiency. - SBI's ventures include USDC adoption with Circle and RWA tokenization with Startale, aiming to merge traditional finance with DeFi for 24/7 trading. - XRP's $2.92 price resilience and $176B market cap re

ainvest2025/08/27 20:42
XRP News Today: SBI's XRP Bet Stands Strong Amid Blockchain Expansion Surge

Ethereum News Today: VersaBank Aims to Redefine Digital Banking with FDIC-Backed Tokenized Dollars

- VersaBank USA launches tokenized deposit pilot using USDVBs, FDIC-insured digital tokens backed by cash deposits. - Pilot tests thousands of low-value transactions on Algorand, Ethereum, and Stellar blockchains via proprietary platforms. - Bank seeks OCC non-objection to commercialize USDVBs, emphasizing compliance with BSA and OFAC regulations. - USDVBs differ from stablecoins by offering bank-issued interest and enhanced security through federal charter. - Program aims to establish VersaBank as a leade

ainvest2025/08/27 20:42
Ethereum News Today: VersaBank Aims to Redefine Digital Banking with FDIC-Backed Tokenized Dollars

NVIDIA’s Earnings Highlight the Cost of the China-US Tech Standoff

- NVIDIA’s Q2 revenue hit $46.7B, exceeding estimates but showing slower growth amid AI market stabilization. - Data center revenue ($41.1B) fell slightly short of forecasts, while gaming revenue ($4.3B) outperformed expectations. - U.S.-China trade tensions reduced China-related revenue and imposed a 15% U.S. government revenue-sharing agreement. - Gross margins are projected to decline to 72.1% in Q2, with further dips expected due to the new revenue-sharing terms. - Despite challenges, NVIDIA announced

ainvest2025/08/27 20:42
NVIDIA’s Earnings Highlight the Cost of the China-US Tech Standoff

Ethereum News Today: Ethereum's Staking Unlock Ignites Altcoin Hunt for Hidden Gains

- Investors target high-potential altcoins like MATIC, Dogecoin, and APT as MAGACOIN FINANCE's presale nears completion with rapid sellouts. - Ethereum's $2B staking unlock risks volatility, potentially redirecting capital to smaller projects amid $4,000 support level uncertainty. - Fed rate decisions and liquidity shifts amplify market uncertainty, with MAGACOIN FINANCE's discounted entry points attracting capital during macroeconomic turbulence. - Ethereum's $13B ETF inflows and institutional adoption co

ainvest2025/08/27 20:42
Ethereum News Today: Ethereum's Staking Unlock Ignites Altcoin Hunt for Hidden Gains