Cardano, the distributed ledger technology project, has moved a step towards its complete decentralization, after the launch of its long-awaited Shelly testnet. This was made known via a blog post on 26th September 2019.
Cardano occupies one of the top seats among the world’s DLT projects, and it has striven to make its improvement notable over the years. This recent development is seen as a step in the right course of achieving its full decentralization after a long delay.
Shelly Testnet Had Successful Test Run In London
The release of shelly had been anticipated within the crypto sphere, especially among the Cardano community members over the past months. The delay to its official launch was said to have left a negative impact on the price of Cardano (ADA) in the market back then.
Despite the delay, Charles Hoskinson, CEO of IOHK, continued to assure the eventual goal attainment regarding the Shelly’s development, which would bring about the full decentralization of Cardano (ADA).
According to the blog post that reported the launch, project Shelly was first test-run in London before it officially went live. This was done collectively by a team of IOHK, a set of Cardano ambassadors and representatives of Cardano Foundation during an official meet up in London, United Kingdom.
The Cardano team specified that Shelly networked testnet phase will be opened to the behavioral test of the Ouroboros protocol. This will be conducted by IOHK and the Cardano community before its integration into the mainnet, the update has said.
Going by the basis of developing Shelly, and the testimony of Cardano team, Shelly is majorly designed to make Cardano absolutely decentralized, which would aid its network to be far more decentralized than other blockchain networks.
Cardano Users Can Earn ADA from November
Preceding the Shelly testnet release, Cardano users are now open to earn the digital token ADA as from November 2019. This is meant to prepare the staking protocol for proper integration into mainnet, which would take place in 2020 as stipulated.
This was related by Charles Hoskinson, the CEO of IOHK, while speaking at a Cardano Summit in Bulgaria, there he mentioned the move to incentivize the newly launched testnet. The staking protocol is strategically initiated in order to test the developed project with real users.
Cardano (ADA) Price Action
Virtually all cryptocurrencies in the market are beginning to experience a resurgence after a major price plummet. It seems like all coins, including Cardano (ADA), have bottomed and ready for a new phase of price uptrend. At the time of writing, ADA is trading at $0.0377, with 0.42% price upsurge in the last 24 hours.
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