CryptoWorld News reports that the Cardano team has submitted nine proposals totaling $46.8 million to the community treasury, aiming to expand its blockchain transaction processing capacity and enter the Bitcoin DeFi space. This request is smaller than last year's proposal of $97.5 million. The proposals include a consensus upgrade called Leios, which is expected to increase Cardano's transaction processing capacity by 10 to 65 times, with a goal of processing over 1,000 transactions per second. Voting will end on May 24, with approximately 1,000 representatives participating in the decision-making.

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