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Cardano has set a new record after its key integration budget proposal surpassed 50% DReps adoption in less than two days, becoming the fastest in the network’s history.
Jaromir Tesar explained that the proposal, submitted on November 27, seeks to allocate $70 million (equivalent to the ADA) to fund a coordinated plan to integrate essential infrastructure components.
The proposal represents an unprecedented collaboration between Input Output, EMURGO, the Cardano Foundation, Intersect and Midnight, and is the first joint proposal between network entities.
The vote was based on the decentralized governance system Zhang promoted during the Voltaire era.
In recent comments, Cardano founder Charles Hoskinson hinted that very exciting things are about to happen considering the network is a sleeping giant that is waking up.
At the same time, the “Midnight” platform is preparing to launch its digital currency “NIGHT” on December 8, which will be traded within the Cardano system as the original digital currency.
The new budget aims to prepare the network for its growth phase starting in 2026 by supporting essential elements such as Tier 1 stablecoins, institutional custody services, bridges between networks, network analytics, and building a globally recognized financial infrastructure.
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