Input-Output [IOHK]’s director of engineering, Duncan Coutts, introduced the release of their first test net and explained the further test nets that are scheduled. They are building test nets for various reasons. Two test nets were planned, out of which one was launched yesterday and the other scheduled for July.
Both are distinct, one which is about additional features such as tech previews and is the kind of ongoing test net which runs forever and is going go to be in the next version as well. So, it is an important distinction between the two because they are for different purposes.
So, an overview of this currently launched test net implies, it should be available at any time for anyone who wants to perform system integration, testing or whatever is associated. It also lets users see what is to be done as part of the rolling development and rolling releases.
The purpose is for the end users to see what is going on and to try out new things. They have two different test nets but both have Ethereum EVM related features. Ultimately, Cardano will support EVM legacy compatibility with existing EVM programs.
Two different test nets, one of which is the rolling style and the other one that corresponds very closely to what the current main net is, gets updated every seven weeks or so. Hence, the period of test net might only be a week or two between when its rolled out publicly. They are expecting multiple test nets to run parallelly and one of them to run for quite a long time with many updates in between.
Reagan Dunagan, a Twitterati said:
“I think IOHK does AMAZING work in research, but please stay on top of things enough to not have to push things back further. It was initially stated for Q1 decentralization, then Q2, but now back end of Q3. Isn’t ADA supposed to work with Metaps+ in Q3? W/o decentralization?”
The founder of IOHK, Charles Hoskinson replied to this with a tweet:
“You want us to get 51% attacked? This might be last man standing.”
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Facebook’s Libra hit by more accusations, Balaji Srinivasan on BTC investment and more
Crypto News – 24 June – Facebook’s Libra hit by more accusations, Balaji Srinivasan on BTC investment and more
— AMBCrypto (@CryptoAmb) June 24, 2019
Crypto News – 24 June
Erik Voorhees on Bitcoin: According to the CEO of Shapeshift, Bitcoin’s relative traceability has allowed governments to become comfortable with it
Read more at https://bit.ly/2WVviJW
Max Keiser on gold’s ‘resurgence:‘ Max Keiser made news after he stated that Bitcoin’s growing popularity as a competing store of value and millennials were responsible for gold resurfacing in the conversation about store of value assets
Read more at https://bit.ly/2Xve2zp
Tron back in the top 10: A month after CEO Justin Sun promised to get Tron back in the top 10 of the world’s largest cryptocurrencies, TRX surged by over 6% to achieve the same by overtaking Cardano
Read more at https://bit.ly/31TXekX
Bank of International Settlements on Libra: While talking about Facebook’s Libra, BIS’s report attested to the need for sound public policy, financial regulation, competition regulation, and data privacy regulation
Read more at https://bit.ly/2Fsoptu
Bitcoin short futures position on the rise: According to a Twitter user, 70% of all Bitcoin short futures position are taken by four traders
Read more at https://bit.ly/31Om4CQ
LocalBitcoins’ Russian Ruble trading charts: According to CoinDance, the weekly LocalBitcoins chart revealed that the Russian Ruble [RUB] recorded towering volumes, even after the June 1 cash-exodus announcement
Read more at https://bit.ly/2JgRWYz
Howard Chu on Monero: According to the Founder of Symas Corp., Monero was “outstripping” other projects in the space which have larger budgets, in light of the new features added to Monero
Read more at https://bit.ly/2Y8IsEQ
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