Cardano Team Prepares To Activate Shelley On the Mainnet, What’s Next For Cardano?

Cardano News Today – The migration to Cardano Shelley is one of the most expected moves in the development of the Cardano project. According to an official statement from the Cardano Foundation, the website for the testnet was launched on June 21st, and subsequently, more features will be enabled in the project.

Cardano News Today – Cardano Shelley – Cardano Shelley is Finally Coming

Cardano has been one of the most widely spoken about DLT projects in the past few years as considered by many to be the future of blockchain, developed by Input-Output Hong Kong (IOHK), Cardano has established a new scheme that indicated the project is gradually switching over from the Byron to the Shelley era.

Cardano (ADA) Price Today – ADA / USD [ccpw id=”17320″]

As gathered from the company’s official website, the Cardano Shelley testnet offers a solution for users and developers in the ADA community to experiment with staking. The testnet will give access to the establishment of a collection of stake pools on Cardano, which in turn will aid the company’s preparation for the transfer of blockchain governance from IOHK to the community.

Cardano’s Shelley update has been one of the most widely spoken about topics in the blockchain community. Last month, Charles Hoskinson, the founder of IOHK, talked about what the company has in store for the future. He envisaged Cardano being “100 times more decentralized than Bitcoin.” At the end of 2019. “Cardano will have throughput 30 times that of Bitcoin, as well as 30 times more transaction volume,” Hoskinson said.

The company said the stake pool testnet will be released in three stages. The stages are scheduled to go thus: The first stage is giving access to users to host a Rust self-node and initiate the essential set up of the stake pools while the second stage will enable different nodes into a “single unified testnet”, and the incentives and delegation project will be established in the last stage.

The price of ADA declined by 2.85% in 24 hours, currently, the currency is ranked at #11, leading TRON and below Stellar Lumens in the table. Presently, the supply has 25,927,070,538 ADA tokens in-store, while the price of ADA is at $0.058228. Nevertheless, the trading volume recorded is $41.812 million, while the overall market cap of Cardano is $1.509 billion.

Resistance anticipated around $0.065 and $0.063 level, as ADA had tried to blend amidst wavering market in the last 10 days of July, however, support can be found around $0.567. With $0.054 and $0.051 operating as support if there should be a decline, there is a possibility of an increment at $0.61 subsequently.

Cardano Shelley Update – Cardano Latest Update – Shelley to Ease Users Interface

Extensive research and planning put into every update in addition to supports from the local community are the traits of the Cardano network. After the transition from Byron to the Shelley era, members of the Cardano community will have access to run as many nodes as possible.

Cardano is believed to be the best option new traders and those willing to learn more about blockchain technology as Charles Hoskinson and his developers are trying every possible means to perfect the project for long-term use. While the Goguen, Basho, and Voltaire eras will be concentrating on smart contracts, scaling and governance respectively.

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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