Cardano (ADA) Shelley update has been one of the most anticipated milestones on the blockchain roadmap for a while and was expected to be released in the Q1 of 2019.
But the subsequent delay in releasing the update has dominated conversations within its community with some users alleging that the blockchain could have lost direction. However, the long wait appears to be over as Cardano has revealed that the first Shelley Testnet would be available from June.
Cardano Senior Product Manager David Esser revealed in an update podcast on YouTube that Shelley Testnet would be rolled out to a small pool of trusted stake operators initially in June. After the initial testing, the Testnet would be available to more operators in the next 3-4 months.
What to expect with Shelley Testnet Update
The announcement has caused excitement within the crypto community with many members on the Cardano Reddit community praising the development. The testnet would display the power and functionality of the blockchain platform to the public.
Cardano (ADA) is one of the crypto projects that is highly regarded within the crypto community due to its standing as a research-driven project.
Shelley release is highly anticipated as it will serves as a groundbreaking development for Cardano (ADA) blockchain technology.
Cardano team have worked hard to ensure that the Shelley testnet is able to function in accordance with its aim of solving real problems for real people.
Shelley leverages Ouroboros Genesis as its proof-of-stake protocol which guarantees the implementation of high security similar to Bitcoin’s proof-of-work protocol.
With the Ouroboros Genesis proof-of-stake protocol, Cardano guarantees high security matching Bitcoin’s proof-of-work protocols. While there are also functions within the mainnet that would enable the development of quality DApps within the Cardano ecosystem.
Cardano (ADA) Price
Cardano (ADA) is currently priced at $0.091526 for a unit and has a market cap of $2,373,003,980 making it the 11th largest crypto based on market cap.
The expected release of Shelley testnet could cause a ripple effect n the price in the coming days as investors become confident about the coin.