- IOHK Successful Implements the Shelley Test Combinator Hard Fork
- Shelley Mainnet Launch Will Take Place as Scheduled
Cardano News Today – The Cardano development team has completed a new test of the combinator hard fork for Shelley. Like every other major upgrade, this hard fork will be tested by pioneers first before it is opened to the public. The testnet that was released last week was based on the candidates for the public mainnet. The hard fork combinator on the mainnet is scheduled to go live on the 29th of July. IOHK says that everything is in place for Shelley’s successful implementation.
Cardano ADA News Today – Cardano ADA Surges Ahead of the Shelley Upgrade
All the excitement surrounding the Shelley mainnet launch propelled a significant surge in the price of ADA. Even if the token started moving lower yesterday, there is still a strong indication that the token will recover. At the time of writing, the price of Cardano ADA was moving higher against the USD trading at $0.118924. It is up by 4.18% against the USD and up by 3.88% against the price of Bitcoin BTC. The trading volume over a 24 hour period is $485,520,467 and the market capitalization is $3,083,356,797.
According to IOHK’s Tim Harrison, the new step is important in the development of Cardano. In Tim’s words;
“This week, we have for the first time run the full process ‘in the field’! So we have effectively recreated the steps that we’ll go through later in July to activate Shelley functionality on the mainnet. A ‘dress rehearsal’, if you like. And so far, it’s looking good.”
Tim said that IOHK is already working on the final quality tests for their 1.15 Node CLI. If the result of the test is satisfactory, a new testnet will be released to a group of pioneers. This new testnet will have some major differences from the current testnet and it is expected to be perfect. Unlike the existing testnet, the new testnet will be based on UTXO snapshots of the current balances which users can convert to tADA equivalents. Tim said that this method will allow them to conduct a more realistic test even if the tokens will have no real-world value. He concluded;
“This has no real-world value, but going through this process helps us ensure all balances will be captured and displayed correctly come the real thing. It also makes for a more ‘realistic’ simulation for our pioneer testers’ wallets. Of course, on mainnet, the whole blockchain history will be transferred over, not just a ‘moment in time’ snapshot, but this is a good test for now.”