Cardano Latest Update – IOHK CEO Charles Hoskinson Plans Meeting in London, Talks About Distribution of Shelley Mainnet

  • Cardano Shelley Mainnet Launch Date yet Unknown
  • Cardano ADA Price Analysis – ADA declines beneath 0.049968, down by 3%

Cardano Explorer – IOHK CEO recently held a meeting in London to discuss extensively on procedures to distribute Cardano Shelley Testnet. At the PwC workshop, Emurgo, Cardano Foundation, and IOHK teams were gathered to discuss the strategy of Cardano development. Hence, IOHK released a YouTube video discussing the significance of moving from a test to a mainnet. According to the YouTube video, moving to mainnet is the major task of the team at this stage of the network development. Cardano Shelley – commenting on this, IOHK Senior Product Manager, Dynal Patel went thus:

“The main objective, of course, to ensure that we have smooth migration from decentralized testnet to mainnet make sure that we can smoothly migration most taking upgrades under the testnet.”

Cardano Explorer – so far, the technical part of Cardano’s transition to a new structure were discussed during the meeting. All attending members of the event were able to receive feedback and share experiences using the testnet. Cardano Shelley is the first update of the Cardano blockchain since its inception. With the coming of the Cardano Shelley period, Cardano blockchain became more decentralized.

Cardano Shelley Mainnet Launch Date yet Unknown

Cardano Staking – as to when the Cardano Shelley Mainnet will be launch, developers do not have a precise date for the activation. Though with the new updates, like the implementation of OBFT, the blockchain code base will be translated from the Rust to the Haskell programming language. Previously in February, Charles Hoskinson stated that the developers on the Mainnet will update all software on the platform gradually. 

Cardano Explorer – According to him, these updates will make the Cardano blockchain safe and secure. Also, it will resolve all issues users experienced during the testing phase. He added that he looks forward to celebrating the launch of the Cardano Shelley mainnet in Kyoto. In Hoskinson’s tweet, he stated that the mainnet is due to commence on March 26th and lasts until April 3rd. Sadly, the tweet is nowhere to be found as Hoskinson deleted it.

Cardano ADA Price Analysis – ADA declines beneath 0.049968, down by 3%

ADA Price Prediction 2020 – ADA decline beneath the $0.049968, with ADA trading at 0.049968, down by 3.35% on the day. ADA prediction 2020 – it was the biggest 1-day percentage loss since February 29, 2020. The move downwards drove ADA’s market cap down to $1.31335 billion or 0.00% of the whole cryptocurrency market cap. 

ADA Price Prediction 2020 – at its peak, ADA’s market cap was $23,91700 billion. ADA traded in a zone of $0.049966 to $0.051678 in the past 24-hours. Over the past 7-days, ADA has encountered a surge in value as it gained 5.08%. ADA Prediction 2020 – ADA volume traded in the last 24-hours was $102.22022 million or 0.00% of the whole cryptocurrency volumes. It has also traded in a zone of $0.0451 to $0.0523 in the past 7 days.

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