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.
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, 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.
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.
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."
Cardano will have throughput 30 times that of Bitcoin, Hoskinson said, as well as 30 times more transaction volume.
Cardano launches the Shelley testnet website
Published on Jun 22, 2019
by Cryptoslate | Published on Coinage
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