Cardano News Today – Cardano’s Parents Company IOHK Launches Daedalus Wallet on the Testnet for the First Time – June 17th, 2020

  • IOHK Launches First Daedalus Wallet on the Testnet
  • Cardano ADA Starts Recovering Against the USD 

Cardano News Today – IOHK, the parent company of Cardano, has announced the release of the first Daedalus 1.0.0-STN1 wallet on the Shelley Haskell testnet. This version is not open to the public. It will only be available for people who currently have stake pools in the Shelley Incentivized Testnet. The release of the Cardano Daedalus wallet comes as the next stage in the Cardano Shelley mainnet launch. The wallet, which was released yesterday, provides functionality that allows staking pool operators to test rudimentary functions.

Cardano News Today – Daedalus Goes Live on the Shelley Incentivized Testnet

The Daedalus 1.0.0-STN1 will allow staking pool operators to create, delete and recover deleted wallets whenever they want. As expected, they will be able to send and receive transactions through the Daedalus 1.0.0-STN1 wallet. Apart from the Daedalus 1.0.0-STN1, a Shelley testnet faucet is also available to be tested on ADA. As the Shelley mainnet launch is rolled out gradually, Daedalus 1.0.0-STN1 will start getting new features. However, the launch of the first version is an extremely important milestone for Cardano according to IOHK. Part of the statement from IOHK was as follows;

“It is the first Daedalus release that is compatible with the Shelley (Haskell) testnet and the first iteration in a series of wallets that will – throughout the rollout – become the wallet that all ada holders will ultimately use on the Shelley mainnet.

During the Shelley rollout, Daedalus will be enhanced with new features, including the display of stake pools, delegating ADA, and checking the rewards earned. As soon as the core functionality is working satisfactorily and everything has been tested properly, the first Shelley wallet for normal ADA holders will be released.”

Cardano (ADA) Price Today – ADA / USD

NamePrice
cardano
Cardano
$0.144

After the launch of Daedalus 1.0.0-STN1, Cardano’s Charles Hoskinson said that they are going to hit another great deadline next week and it will be a big one. He said they will be testing the HF Combinator and Balance check on the network. He said that while more tests need to be conducted before the Shelley code goes live, Cardano will most likely meet the deadline since they haven’t failed to cross their milestones so far.

Cardano News Today – Cardano ADA Starts Recovering Against the USD

Meanwhile, the Cardano ADA price has started recovering slowly after many days of trading in the red. At the time of writing, the price of the token was $0.0789. It is up by 0.25% against the USD and up by 0.40% against the Bitcoin token. The trading volume over a 24 hour period is $194,879,963 and the market capitalization is $2,046,884,047.

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

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