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Cardano Labs Could Go Dark If This $46.8M Vote Fails Here is the morning short version. Cardano, one of the older blockchains, is running into a money problem.
Its founder, Charles Hoskinson, says the people who actually build the network could be sent home if a key vote does not pass. The vote is about $46.8 million from the project's treasury.
Think of the treasury as a shared savings account that ADA token holders control together. The money would go to Input Output, the company that has done most of the engineering on Cardano for the last ten years.
It pays for things like faster transactions, smart contract upgrades, and research into how the network reaches agreement. To unlock the cash, the proposal needs 67% approval from a group called DReps.
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