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Cardano’s Shelley Testnet website goes live, as the native coin’s price rises




Cardano's Shelley Testnet website goes live; as the native coin's price rises
Source: Pixabay

The anticipation surrounding Cardano’s transition from the Byron era to the Shelley era drove ADA’s price this month. In a recent development, the famously touted “Ethereum killer” released Shelley testnet rollout website. According to an official tweet by Cardano Foundation, the website for the much-awaited Testnet went live on June 21.

The official blog post detailed,

‘The Cardano Shelley testnet provides a way for ADA users and developers in our community to experiment with staking and help build up a collection of stake pools on Cardano. It marks an important milestone as we move into the Shelley era of development and will help us to prepare for the day when the community takes over full management and responsibility of the blockchain.”

The post further cited that the stake pool testnet would be rolled out in three different phases.

  • The first phase would enable users to host a Rust self node, or ‘blockchain in a box’ where users will be able to see how stake pools operate as well as establish basic configuration.
  • Various nodes will be connected and developed into a “single unified testnet”, which will the second phase.
  • Delegation and incentives scheme will be initiated to reward participants across the network.

The fundamental aim of the “phased approach” by the IOHK team is to decentralize 50-100 times more than any other existing blockchain. According to the post, after meeting a certain threshold of stake pools and subsequent rise in the nodes being run by the community members, staking will be implemented on the mainnet.

Cardano’s native token, ADA recently posted 105% YTD gains ahead of the release. At press time, the digital asset was up by over 3% in the last 24 hours.

Besides, the latest technical upgrades, the Cardano Foundation is on an expansion spree. The foundation revealed details of the recent onboarding which included Andy Hendrikx, Ben O’Hanlon, and Niels Schoof as new community managers.

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Chayanika holds a Journalism degree and is currently working with AMBCrypto. She is inquisitive about everything that the Blockchain Technology has to offer.