IOHK Launches A $250k ‘Decentralized Treasury’ Fund To Boost Cardano Blockchain Development

2020-9-17 15:29

Cardano blockchain launches Project Catalyst. The $250,000 fund will be distributed to developers building on the blockchain. Time for decentralized treasuries?

IOHK, Input Output Hong Kong, a blockchain research and development firm building on Cardano, announced the launch of its first public fund, Project Catalyst, on Thursday. The public fund launch features a $250,000 grant program, paid out in ADA, to incentivize developers to build solutions on the Cardano blockchain.

Project Catalyst aims at pushing the Cardano blockchain into a fully decentralized blockchain providing decentralized on-chain governance and treasuries to enhance innovation, as planned in its Volitaire launch. The public fund follows two previous private fund test launches – Fund 0, which included a focus group made up of IOG team members, and Fund 1, which included 50 random members from the Cardano community.

Project Catalyst, Fund 2, offers a public fund that gives developers “the chance to compete for the funding to bring their project center stage.” This project will start with $250,000 in ADA, allowing anyone with an idea to create a proposal and get funding through a community vote to start development.

Project Catalyst is expected to run at least $70 million in ADA every year.

Charles Hoskinson, Founder of Cardano, has been a big proponent of these kinds of decentralized treasuries that give the community the power to distribute funds. In a statement obtained by BEG, Hoskinson said,

“The fund, combined with its democratic voting system, means that every ADA holder can be a part of making key decisions for the future of the ecosystem.”

The new funding project will increase the independence of developers on a specific Cardano-based project as the community decided how much funding they get and push developers into building community-focused applications.

The network participants will also have access to staking mechanisms to vote on the governance protocol. With the launch of Project Catalyst, Cardano is set to be fully decentralized, IOHK states:

“This marks an exciting step forward in the development of Cardano, as it moves towards becoming a fully decentralized blockchain governed entirely by its community.”

Project Catalyst is the first step to the launch of Cardano’s upgrade, Voltaire, which is expected at the end of the year.

The post IOHK Launches A 0k 'Decentralized Treasury' Fund To Boost Cardano Blockchain Development first appeared on BitcoinExchangeGuide.

origin »

Cardano (ADA) на Currencies.ru

$ 0.8188 (+2.66%)
Объем 24H $4.858b
Изменеия 24h: 3.16 %, 7d: -11.83 %
Cегодня L: $0.7824 - H: $0.82
Капитализация $28.816b Rank 9
Цена в час новости $ 0.0914527 (795.33%)

cardano blockchain fund iohk public development launch

Источник: bitcoinexchangeguide.com

cardano blockchain → Результатов: 126


Фото:

Cardano Partners With Singapore’s Blockchain Institute: ADA Turns Bullish

Emurgo, one of the founding entities of the Cardano blockchain, has officially announced a partnership with the Institute of Blockchain Singapore (IBS) today. This strategic alliance, revealed via X (formerly Twitter), accentuates the rising importance of blockchain education on a global scale, while also highlighting Cardano’s commitment to the same. Cardano Expands Its Presence In […]

2023-10-31 22:00


EMURGO to develop new dApp tool stack for Cardano blockchain

EMURGO, the official commercial arm of Cardano and the Cardano Foundation, overseer of the Cardano blockchain, announced the launch of a project that will see the two organizations combine efforts and resources to foster the development of a community-generated and maintained tool stack to support the Cardano ecosystem and accelerate decentralized application development.

2022-1-19 19:19


Фото:

Plutuswap Poised To Become The Next Gen-Dex On The Cardano Ecosystem

The Cardano network is set to see a big step forward as it prepares to update its blockchain through the proposed alonzo hard fork which will enable smart contract functionality. When wholly deployed, the Cardano Blockchain will be able to support systematic codes to construct and deploy “smart contracts,” that enable developers to build Dapps […]

2021-9-10 00:34


Фото:

Cardano (ADA) is looking to challenge subscription industry, launches African initiative

Cardano (ADA), an ambitious blockchain project developed by IOHK, is looking to challenge the subscription industry with its Ouroboros protocol. The Cardano Foundation has also announced that it will be utilizing the newly formed South African National Blockchain Alliance (SANBA) to further explore ways to use blockchain technology in the region.

2020-4-29 00:30


Cardano Founder Speaks On The Future Of Byron And Shelley Upgrades Of The Blockchain

Over the past month and a half, the Cardano community has welcomed a number of developments following a successful Ouroboros hard fork on the blockchain. In a 24-minute update, Hoskinson speaks on the upcoming upgrades on the Cardano in what has become subsequent for the pubic as they wait for Cardano 2.0, or the Shelley […]

2020-2-26 16:22


IOHK introduces ‘Shelley’ era functionality to the Cardano blockchain

IOHK, a blockchain engineering company and Cardano developer, recently introduced the ‘Shelley Era’ to the Cardano blockchain platform. Over 300 stakepools are already registered and operating on Cardano’s advanced proof of stake-based network and network participants are now able to delegate their stake of Cardano’s ADA cryptocurrency and earn real financial rewards.

2019-12-17 16:51


Seiza Cardano (ADA) Blockchain Explorer and Crypto Network Stats

Discover Seiza—the new ADA blockchain explorer that makes it easy for users to track transactions on the Cardano blockchain. Announcing the new development, EMURGO—a part of Cardano’s team that is responsible for developing, supporting, and incubating commercial ventures, said in a tweet: “We are excited to unveil ‘Seiza,’ an all-new official Cardano Blockchain Explorer developed […]

2019-5-23 07:14


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru