Cardano Staking To Go Live on Testnet in June – What Does It Mean For Investors?
The Cardano (ADA) project will soon release its highly anticipated Shelley update, which will bring such upgrades as a… The post Cardano Staking To Go Live on Testnet in June – What Does It Mean For Investors? appeared first...
The Cardano (ADA) project will soon release its highly anticipated Shelley update, which will bring such upgrades as a Proof-of-Stake consensus mechanism. The project is expected to release its testnet in June which will give users a sense of what the major upgrade will be like.
#Cardano Shelley testnet coming out in June, confirmed by Charles. Are you ready for staking #ADA? #crypto #cryptocurrency #BTC #altcoins #bitco9
— Weiss Ratings (@WeissRatings) May 22, 2019
Emurgo, one of the three legal entities behind the project, responded to the tweet, saying that the testnet would start “with a small, closed pool of trusted stake pool operators and an Minimum Viable Product, rolling out more functionality and more operators over the next 3-4 months.”
Yes, Shelley testnet in June starting with a small, closed pool of trusted stake pool operators and an Minimum Viable Product, rolling out more functionality and more operators over the next 3-4 months. 🙌 #Cardano #ADA #testnet
— EMURGO (@emurgo_io) May 22, 2019
Officials, including Charles Hoskinson, have previously said that they are targeting the end of Q1 as a release date for the mainnet version of Shelley.
What Does it Mean for Investors?
The Cardano project has stated on their roadmap page that they will offer a new roadmap on the coming weeks, but what we do know about Shelley is that it will bring several important features, including paper wallets, quantum resistance, human-friendly addresses, multiSig transactions, and much more.
For investors, this means a project that is laying a strong foundation for a future in which cryptocurrencies become more of a norm than a niche interest. Improvements to interoperability and security are also planned, and as Cardano is well-funded, investors need not worry about the project facing roadblocks from a lack of funds. The team has also been working with countries to help boost adoption.
Cardano has been building its platform patiently, and many see it as a being a project that could bring several improvements to the crypto space once the groundwork has been laid. At the same, they have been communicative about development – lead Charles Hoskinson regularly hosts AMAs and offers updates on the project.
Delegate Your Voting Power to FEED DRep in Cardano Governance.
DRep ID: drep12ukt4ctzmtf6l5rj76cddgf3dvuy0lfz7uky08jfvgr9ugaapz4 | We are driven to register as a DRep by our deep dedication to the Cardano ecosystem and our aspiration to take an active role in its development, ensuring that its progress stays true to the principles of decentralization, security, and community empowerment.DELEGATE VOTING POWER!
