Cardano News Today – Cardano Finally Tests the Cardano Shelley Mainnet Ahead of its Launch – May 5th, 2020

  • Cardano’s Development Team Finally Tests the Shelley on the Blockchain
  • Cardano ADA Loses the Support at $0.050 But the Bulls May Resume Momentum in the Market 

Cardano News Today – Cardano has finally started testing the Shelley network and it has already completed the first test in a series of tests that will lead it to 100% decentralization. The Cardano network has been getting a lot of attention since they started working on the Cardano Shelley testnet last year. The Cardano development team and the Cardano Foundation have devoted a lot of time and money to building the Cardano infrastructure. The goal is to meet the needs of current and future users in the Cardano community.

Cardano News Today – Cardano Reaches Another Key Milestone As They Match Toward Decentralization

The Shelley network comes with more decoders, block headers, and even more blocks. Also, another big change is that the slot coefficient which used to be a protocol parameter is now a global constant on the network. The Cardano development foundation has been sharing roadmap updates for months. The one that was shared in the Cardano community on Friday was just the most recent. They said that Cardano has finished the first test for Shelley successfully.

Cardano (ADA) Price Today – ADA / USD

NamePrice
cardano
Cardano
$0.144

During the test, the Cardano development team made a few changes. They added cryptographic algorithms to the network and fixed the heap exhaustion problem. Part of the statement of the team was as follows;

“Additionally, we revoked one of the transition rules as a result of issues during integration. However, the linked pull request is passing through the CI tests.”

To ensure that producing genesis blocks in Praos will take place smoothly, the Cardano development team is testing the Shelley CLI systems. They also worked on the Daedalus installer and added a detection tool to its operating system. The Cardano Shelley mainnet launch is scheduled to go live before the end of the year.

Cardano News Today – Cardano ADA Price Goes Back to Trading in Green After Falling Below the $0.050 Level

Yesterday, the Cardano ADA token was correcting lower against the USD in response to the price action of Bitcoin and other cryptocurrencies. The Cardano ADA token eventually fell below the $0.050. At the time of writing, the token was trading at $0.049283. This means that it is up by 3.91% against the USD and up by 1.90% against the price of Bitcoin BTC. The trading volume over a 24 hour period is $158,233,162 and the market capitalization is $1,277,769,223.

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.

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