Joseph Young · 7 mins ago · 2 min read
Shelley, one of the most anticipated steps in the development of the Cardano project, saw its testnet go live. According to an official statement from the Cardano Foundation, the website for the testnet went live on June 21 and will see more features roll out in the next few months.
Cardano finally introduces Shelley Testnet
Believed by many to be the future of blockchain, Cardano has been one of the most talked about DLT projects in the past few years. Created by Input-Output Hong Kong (IOHK), the brainchild of Ethereum co-founder Charles Hoskinson, Cardano has introduced a new roadmap that showed the project is slowly transitioning from the Byron to the Shelley era.
According to the company’s official website, the Cardano Shelley testnet provides a way for users and developers in the ADA community to experiment with staking. The testnet will allow the creation of a collection of stake pools on Cardano, which will help the company prepare for the transfer of blockchain governance from IOHK to the community.
The stake pool testnet will be rolled out in three different phases, the company said, with the first phase enabling users to host a Rust self node and establish the basic configuration of stake pools.
The second phase will see the connection of various nodes into a “single unified testnet,” while the delegation and incentives scheme will be initiated in the third phase.
IOHK’s bid for decentralization leads to a bullish ADA
Ada, the native cryptocurrency of the Cardano blockchain, was among the few cryptocurrencies that remained relatively stable throughout the past year. However, the coin has shown a 105 percent year-to-date growth, with many crypto analysts predicting a massive pump in the next few weeks.
Cardano’s Shelley update has been one of the most talked about topics in the blockchain community. Last month, Charles Hoskinson, the founder of IOHK, talked about the company’s plans for the future, and said that Cardano will emerge from 2019 “100 times more decentralized than Bitcoin.”
After Shelley, Cardano will have throughput 30 times that of Bitcoin, Hoskinson said, as well as 30 times more transaction volume.