Cardano has been moving fast into full decentralization. A few months ago, its developer IOG and its community celebrated the dropped of the D-parameter below 0. This company has announced a complement to its Project Catalyst, poised to give ADA holders further control over the network, the Catalyst Circle.
Project Catalyst was launched to support initiatives that provide value to Cardano. Catalyst operates via Funds. These are used to grant participants with financial support that will help them materialize their projects.
The project is currently wrapping up its Fund 4 and is part of Cardano’s vision of self-sustainability. IOG has called it a valuable experiment to decentralized innovation.
By any metric – from numbers of votes cast, funding available, or simply participants in our innovation processes – Catalyst is emerging as an invaluable fulcrum for Cardano’s future growth.
However, IOG acknowledged that the growth of Project Catalyst can bring additional challenges for the community in terms of communications, coordination,