Cardano News Today – Top Headline for Cardano ADA, November 12th

 

  • Cardano will Offer New Incentive to Shelley Testnet Users

 

Cardano is among the top digital assets based on Blockchain technology today. The network has continued to invent new ways to make sure that its users enjoy better service. The latest scheme to this effect is the incentivized Shelley testnet that the network is bringing to users. In a bid to further engage its users and help them experiment with the Shelley testnet, Cardano has revealed that it will launch an incentive program shortly. It is rather uncommon to incentivize users who participate in a Blockchain testnet. 

Cardano is Entering a New Era

The initiative is a good one. This is because it is common knowledge that the actual purpose of Shelley’s testnet is to try new technologies. In the Cardano network, things are done slightly different from other Blockchain projects. The Cardano team has now confirmed that the incentivized testnet is going to be launched sometime in the future. As the network’s developers prepare to usher in the Shelley upgrade, Cardano is moving into a new era. Collecting as many user feedback as possible is going to be crucial towards pushing the crypto ecosystem as a whole forward. The incentivized testnet to be introduced by Cardano is also regarded as a huge step toward decentralizing the Blockchain network. It is designed to test the viability of the incentivized Shelley testnet.

Cardano (ADA) Price Today – ADA / USD

NamePrice
cardano
Cardano
$0.0371.40%

The current holders of the Cardano’s ADA cryptocurrency will all be eligible to receive rewards. They can fall into this category or achieve this by delegating their stake. They can also do this by running a stake pool. Per the report, all parties interested will be required to follow the right instructions to be eligible for the program. However, at this time, the Daedalus and Yoroi wallet remain compatible with the initiative. Hence, users who choose to send funds to any of the above-mentioned wallets will have the option to get a hands-on experience with what’s coming. Many agree that Cardano’s decision to launching the new initiative at this time is the right decision. Cardano’s developers want to make sure the project’s future vision that they have conceived is implemented in the right way. 

Tomorrow the new incentivized testnet’s balance snapshots will be taken. After which the team behind Cardano can start to experiment swiftly. The results of the new testnet phase will be obvious in the coming weeks. Users have to wait and see how it will play out in the end.

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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