Charles Hoskinson Urges Cardano Community to 'Keep Pushing' as Treasury Proposals Get Approved

2 hour ago 2 sources neutral

Key takeaways:

  • Ethereum-like account upgrades may lure developers, enhancing Cardano's DeFi ecosystem.
  • Stablecoin treasury funding mitigates risk, potentially drawing capital to Cardano projects.
  • Hard fork delays test market patience, but successful implementation could reignite ADA interest.

Cardano founder Charles Hoskinson has voiced support for the community after four major treasury proposals from Input Output Group were approved. In a tweet, Hoskinson simply said, "keep pushing," acknowledging the progress following a minor setback earlier in the week when some Japanese dReps voted against one of the research proposals.

Among the upgrades crossing the DRep approval threshold are CIP-159 Account Address Enhancement, which introduces semi-Ethereum-like accounts that enable microfees and new use cases; the Multi-Asset Treasury CIP, allowing project funding in stable currencies for better budgeting and planning; and Native Babel Fees, which make bridging to Cardano and transactions in native currency seamless.

The network is also moving forward with the van Rossem hard fork. According to an Intersect update, node v11.0.1 is the mandatory upgrade for infrastructure providers, though a DB-Sync issue required additional validation before the hard fork rollout can proceed. A governance action for the Plutus Cost model parameter update is scheduled for mainnet submission on May 22. Amid these developments, Cardano surpassed 121 million transactions on mainnet, hitting a new milestone.

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