ZenLedger
·

Cardano network snapshot most likely to happen on Nov. 29, Shelley testnet begins Dec. 9

Cardano network snapshot most likely to happen on Nov. 29, Shelley testnet begins Dec. 9

After a successful balance check, IOHK released a tentative date for the final network snapshot for the incentivized testnet. According to Charles Hoskinson, the CEO of Cardano’s parent company IOHK, the snapshot will most likely happen on Nov. 29, while the incentivized testnet for Shelley will be released on Dec. 9.

Tentative dates for the incentivized testnet network snapshot released

After months of teasing, the incentivized testnet for the Cardano network is slowly becoming a reality. Cardano’s parent company, IOHK, has been putting off the release of Cardano’s Shelley era in order to work out all of the bugs and issues of a complex network.

The balance check for Shelley’s incentivized testnet has been one of the biggest developments the company has seen in the past couple of months. As the trial run before the network snapshot that will transfer users’ ADA onto the testnet was an overwhelming success, the community became impatient about the date of the final snapshot.

In a surprise AMA following the balance check, Hoskinson avoided giving out any set dates for the final snapshot, saying a clear schedule will be released at least a few days prior to the snapshot to allow users to prepare.

On Nov. 25, he announced on Twitter that the “tentative” date for the snapshot will be Nov. 29. While Hoskinson’s tweet implied that there was still room for change in the dates he set, they are in line with the company’s earlier predictions.

Shelley’s incentivized testnet coming on Dec. 9

Apart from announcing the most likely date for the snapshot, Hoskinson said that the company will also publish new information regarding staking, which include percentages and other details about the testnet rewards, on Dec. 5.

However, the biggest reveal was the estimated date for the release of Shelley’s testnet. With all the hype surrounding the balance check and the upcoming snapshot, the release of the actual incentivized testnet had fallen out of focus.

According to Hoskinson’s tweet, the testnet will most likely be released on Dec. 9.

More details about the testnet should be revealed during the upcoming Cardano workshop. While the main topic of discussion will be the company’s 2020 roadmap, there’s very little chance that a recap of the final snapshot won’t be discussed.

As time goes by, it’s clear that the Cardano development team is becoming more and more confident in their product—just a few weeks ago there were almost no mentions of any clear dates as Hoskinson kept reminding the community that they should expect significant delays.

The community’s response to the tentative snapshot and testnet dates has been overwhelmingly positive, with most praising Cardano for working around the clock to put Shelley out.

Posted In: , Altcoins, Technology
Invest with AMFEIX

Like what you see? Subscribe to CryptoSlate

Get our daily newsletter containing the top blockchain stories and crypto analysis straight to your inbox.

Sign up to stay informed
Priyeshu Garg
Author

Priyeshu Garg

Crypto Analyst @ CryptoSlate

Priyeshu is a software engineer who is passionate about machine learning and blockchain technology. He holds an engineering degree in computer science engineering and is a passionate economist. He built his first digital marketing startup when he was a teenager, and worked with multiple Fortune 500 companies along with smaller firms. When he is not solving transportation problems at his company (Ola), he can be found writing about the blockchain or roller skating with his friends.

View author profile

Commitment to Transparency: The author of this article is invested and/or has an interest in one or more assets discussed in this post. CryptoSlate does not endorse any project or asset that may be mentioned or linked to in this article. Please take that into consideration when evaluating the content within this article.

Disclaimer: Our writers' opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.