Crypto News: Cardano Pends Upgrade, Raboo Surges, and Arbitrum is Under the Spotlight!

Cardano holders hold their breath as a crucial network upgrade approaches. While this development has investors worried, meme coins; Arbitrum and Raboo

Cardano (ADA) price movements have been largely influenced by the upcoming “Chang” hard fork upgrade, which is expected to introduce a new chapter in Cardano's treasury management.

As part of this upgrade, control over Cardano's treasury, which currently holds over $681 million, will be transferred to the community. This move marks a significant shift toward decentralization, enabling ADA holders to directly influence the allocation of funds for future development initiatives.

Previously, the responsibility of managing Cardano's treasury fell to Input Output Global (IOG), the project's development team. However, with the introduction of the “Chang” hard fork, a new Voltaire voting and treasury system will be implemented.

This system will allow ADA holders to propose and vote on how the $681 million treasury should be spent, fostering a more community-driven approach to the project's future development.

News source：https://www.kdj.com/cryptocurrencies-news/articles/crypto-news-cardano-pends-upgrade-raboo-surges-arbitrum-spotlight.html

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