Cardano’s Project Catalyst is a fascinating concept: a $1 billion decentralized fund that will be voted on and distributed to individuals who submit suggestions to improve the Cardano ecosystem.
On the 29th of October, an ecosystem builder reported that Catalyst had financed not one, but all of its bids. Project Catalyst members voted to allocate a total of $165,000 to dcSpark’s proposals, according to the crypto infrastructure architect.
We are happy to announce that all our proposals in #ProjectCatalyst were funded!!Everyone at dcSpark will like to thank the Cardano $ADA community for supporting us with your votes!!There’s good progress with @FlintWallet & @Milkomeda_com, visit our Discord to catch up⚡️1/3 pic.twitter.com/awWTB8a1Qe— dcSpark (@dcspark_io) October 29, 2021
A rollback handler, multi-signature for Ethereum Virtual Machine [EVM] bridges, and a standard for cross-chain asset transfers were among the features announced.
What are the benefits of these recommendations for the Cardano ecosystem? When a blockchain splits into branches, rollbacks are used to keep the chain together. However, this might have a significant impact on the user experience. The dcSpark solution ‘Multiverse’ was designed to assist nodes in understanding what is going on and to speed up the process.
Milkomeda, on the other hand, is a protocol that aims to introduce EVM capabilities to chains such as Solana and Cardano. Users should be able to transfer assets more easily as a result of this.