- Big ADA institutions want 70M ADA to “fix the pipes” by 2026. Because nothing says “trust us” like asking for 70 million ADA to fix the pipes.
- The plan: stablecoins, custody, analytics, bridges, and price feeds. Oh, and maybe a holiday card for the testnet.
- A recent chain split? Just a warm-up act for the main event.
- Hoskinson: “Let’s all hold hands and remember why we started this.” (Spoiler: It wasn’t for the memes.)
A joint proposal has been filed requesting 70 million ADA, because apparently, the blockchain’s plumbing needs a serious renovation. Think of it as the digital equivalent of replacing your 50-year-old septic tank.
Rather than dApps or crypto unicorns, the proposal focuses on the unsung heroes of the blockchain world: the plumbing. You know, the stuff that makes sure your DeFi doesn’t leak like a rusty faucet. 🚰
What the Funding Would Be Used For
According to the coalition, the money will go toward:
- Stablecoins: Because nothing says “financial stability” like pegging ADA to the dollar.
- Custody support: So institutions can store their ADA securely… probably.
- Blockchain analytics: Because tracking transactions is as thrilling as watching paint dry.
- Bridges: For moving assets between chains. Or, as I call it, “bridging the gap between hope and reality.”
- Price feeds: Because who needs real-time data when you can guess?
Negotiations are underway, but approval from Delegated Representatives and the Constitutional Committee is required. Good luck with that. 🤞
Proposal Filed After a Disruption on the Network
The timing couldn’t be worse-or maybe it was perfect. Just days after a chain split caused by an old testnet library flaw, the team is now asking for cash. Imagine if your car stalled on the way to a job interview and then asked for a loan. 🚗💸
Hoskinson Pushes for Collaboration After a Turbulent Year
Charles Hoskinson took to his Thanksgiving for Unity livestream to call for “synchronization” among institutions. Let’s just say, after a year of governance disputes and reorg drama, he’s embracing the spirit of togetherness. 🦃✨ He even took responsibility for some tension. Bold move-like apologizing for burning the Thanksgiving turkey.
He warned against polarization, arguing that Cardano’s 2026 phase only works if everyone plays nice. Good luck with that. 🤞
A New Alignment Between Cardano’s Core Organizations
Hoskinson praised the collaboration between IOG, the Cardano Foundation, EMURGO, and others. Now they’re co-authoring proposals instead of fighting like siblings over the last slice of pie. 🥧 The first example? This very 70M ADA request.
He also dismissed concerns about the recent chain incident, claiming the PoS architecture is as reliable as a Netflix password. 🔐
The Road to 2026
Hoskinson insists that everyone-banks, foundations, Pragma, and your Aunt Karen-needs to chime in. The goal? To make Cardano the go-to blockchain for financial, real-world, and institutional assets. Because who needs a plan B? 🚀
Disclaimer: This article is for entertainment purposes only. If you invest in ADA, you might end up crying in a blockchain. Always consult a financial advisor-preferably one who’s never heard of NFTs. 🤓
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2025-11-29 10:29