Monday, May 10, 2021

Cardano’s Shelley Launch Will Be a Giant Leap for Crypto –Weiss Crypto Ratings

The Cardano community is gearing up for an era of full decentralization. Input Output (IOHK), the tech firm behind development in the Cardano ecosystem led by Charles Hoskinson, is firing on all cylinders to deliver as promised.

Weiss Crypto Ratings, the leading provider of independent ratings of cryptocurrencies, has recently acknowledged the quality of the upcoming network upgrade expected to challenge Ethereum (ETH).

The Launch of Shelley Will Be a Giant Leap for Crypto

Considering the statement of the CEO of IOHK, Charles Hoskinson a couple of weeks ago, Shelley is slated for launch in a few weeks’ time.

The integration of Shelley testnet to mainnet promises the full decentralization of the Cardano network. This upcoming announcement has brought the ecosystem more popularity, as the project keeps garnering users’ interest on a daily basis.

As the cryptocurrency ecosystem awaits the launch, the well-known rater Weiss Crypto Ratings has displayed its excitement towards the emergence of Shelley and the effort that IOHK has put in the project so far, tagging the upgrade as one giant leap for cryptocurrency ecosystem.

Weiss Crypto Ratings tweeted, “Shelley will hopefully launch in less than 2 weeks. Very exciting! It’s a small step for IOHK, one giant leap for crypto. What do you think?”

Cardano (ADA) to Continue Incentivized Testnet until the Launch of Shelley

The Cardano (ADA) community expected IOHK to end the Incentivized Test Network (ITN) that has been running since 2019. But on 25th June 2020, the team proposed the extension of the ITN until the launch of Shelley slated for late July 2020.

Recall that a new version of the Jormungandr node embedded with CLI-based voting capability and accessible by stake pool operators was released on 23rd June 2020.

According to the tech firm, IOHK, the extension of ITN would allow the test and prototype of various ideas on the platform, as the Cardano network is set for full decentralization.

Tobi Loba
Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to satisfy her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.

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