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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WAVES/BTC sees dramatic drop to reach 1 Satoshi on Binance exchange due to a massive sell order
Waves, the 29th largest cryptocurrency, hit lows against BTC on April 17, and users speculated that this could have been due to a massive sell order.
Waves, at press time, was trading a $2.71 with a market cap of $270 million and had a trading volume of $15 million. However, on April 17, the price of Waves hit rock bottom due to a massive sell-off similar to one that Ethereum witnessed a few years back.
As seen in the above chart, the price of Waves against BTC hit exactly 0.0000001 BTC, which amounts to 1 Satoshi. The volume for the said candle is also massive, further confirming a sell order of massive amounts. The coin has since increased by approximately 3% against Bitcoin in under 24 hours.
Crypto enthusiasts on Twitter couldn’t hold back their opinions as one user, @BitBitCrypto tweeted
“- $WAVES did not trade at 1sat, it traded at 10sat
– It is still a great project and with a huge potential
– This sell order has nothing to do with WAVES (the project)
– This trade wasn’t done on Binance web cause you can’t place this low, it was API
– I didn’t buy it at 10 sat”
Another user @BITCVIX tweeted:
1min WAVES/BTC flash crash on Binance (from 5200 sats to 1 sat) pic.twitter.com/C9WAGyjwp9
— BTCVIX (@BTCVIX) April 17, 2019
TradingView commented on this matter saying:
“Something strange is always happening in the #crypto market”
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