The blockchain news now show that the highly anticipated Shelley mainnet and the Cardano incentivized testnet (ITN) are on track to roll out in July this year. There is even a date which shows that July 29 is the day where Shelley is about to go live.
Launched on the Cardano network, Shelley will offer staking rewards for token holders as a key component of the network. The CEO of IOHK, Charles Hoskinson, was featured many times saying that the mainnet staking rewards can be earned starting from August 28th.
As a reminder, we are sharing the roadmap of the Cardano incentivized testnet and the Shelley plan.
That being said, the Cardano incentivized testnet (also known as ITN) which started over seven months ago is set to become redundant now. In it, real ADA tokens could be earned and the update is regarded as a success for Cardano.
Aside from facilitating real-world game theory, the Cardano news now show that the Shelley mainnet and recent metrics signify that one thousand pool operators came on board and 38% of the ADA supply was delegated during the process.
As this ITN draws to a close, people are wondering about the future events. After all, the Cardano incentivized testnet took a lot of time and effort to be built. Because of this, the ITN now features a different codebase to the mainnet and is being developed in Rust, while the Shelley mainnet is built on Haskell. All of this raises questions on the usefulness of the ITN moving forward.
As pointed out by Cardano Dan, the ITN dying away would be a scenario that no one wants.
“It would be a shame for all of this hard work and success to go to waste. After all, the ITN is one of, if not the most, decentralized blockchain in the world,” the Cardano analyst noted.
Meanwhile, we can also see Charles Hoskinson tweeting new updates on the project, and proposing to extend the use of the ITN by making it a rapid testing network for Cardano (ADA).
This post should help. I'll be releasing a whiteboard tonight as well https://t.co/RqYm2yBke3
— Charles Hoskinson (@IOHK_Charles) June 24, 2020
In the Cardano price news, we can see that ADA is trading at $0.0822 with a fresh 3% decline on the day.
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