Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

Cardano Hits Early Milestone on Shelley Testnet, 200 Stake Pools Up and Running

by Daily Hodl Staff
June 16, 2020
in Altcoins
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎
ADVERTISEMENT

The testnet for Cardano’s upgrade, Shelley, now has 200 registered active stake pools up and running. Cardano is the blockchain that powers leading cryptocurrency ADA, allowing users to send and receive funds securely and without middlemen.

With the advent of Shelley, the team behind the open-source cryptocurrency project anticipates that Cardano will become significantly more decentralized than any other blockchain network, moving it beyond the control of any group, company or central authority.

Shelley reached the latest milestone of 200 users just four days after opening its doors to the entire Cardano (ADA) stake pool operator community, according to Tim Harrison, the marketing and communications director at Input Output Hong Kong (IOHK), the company behind the open-source cryptocurrency. Previously, the testnet had been in a “friends and family” testing stage.

Shelley is designed to transform Cardano into a fully decentralized proof-of-stake network. It introduces staking, which allows holders of ADA to help power the network in exchange for rewards.

At the end of May, IOHK CEO Charles Hoskinson announced that the company planned to release Shelley between June 30th and July 7th. Shortly after he rolled out that timeline, the price of ADA surged nearly 20% to about $0.084. The asset has largely sustained those price gains, and in early June it unseated Tezos to become the 10th largest cryptocurrency by market cap.

Harrison says the company plans to stick to Hoskinson’s time frame.

“On the development side, we’ve had a good week. We have ended the first part of our crucial sprint which wraps up and starts to integrate all the efforts made by eight distinct teams. We have not encountered any major bugs or blockers so we still remain confident in the milestones we announced at the end of May.”

Cardano plans to release a simple wallet next week to the pioneer stake pools for backend testing. The company also officially announced the Cardano Virtual Summit 2020: Shelley Edition, a virtual summit that will take place on July 2nd and 3rd.

ADVERTISEMENT


Check Latest News Headlines


ADVERTISEMENT


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Yurchanka Siarhei

Submit a Press Release

Crypto Livewire – Press Releases

  • Bitsgap Launches Intuitive Combo AI Bot for Futures Trading
    April 21, 2021
  • eToro Adds Chainlink and Uniswap Amid Investor Surge for Crypto
    April 19, 2021
  • TeraBlock Secures $2.4 Million to Build a Newbie-Friendly Crypto Exchange Powered by Machine Learning
    April 19, 2021
  • BlockSwap Network Announces Balancer LBP and Uniswap LP Incentive
    April 19, 2021
  • Raze Network Completes Triple IDO and Balancer LBP Event
    April 19, 2021
  • First Charity Project Using NFT: All Profits From Sales of Content Produced by Miss Bitcoin To Be Donated
    April 15, 2021
  • MakiSwap Raises $1.4M From Leading Investors to Build AMM Platform on Huobi Eco Chain
    April 14, 2021
Submit a Guest Post
ADVERTISEMENT
ADVERTISEMENT
Bitcoin
$54,046.00
$54,046.00
1.71%
Ethereum
$2,523.89
$2,523.89
10.93%
Binance Coin
$553.53
$553.53
3.22%
XRP
$1.28
$1.28
3.53%
Polkadot
$34.58
$34.58
2.08%
Cardano
$1.20
$1.20
2.65%

Spotlight

  • Whale Moves $603,001,756 in Bitcoin in Single Transaction – Here’s Where the Funds Are Headed
    April 17, 2021
  • Strong Hands Buying Massive Bitcoin Dip, Says On-Chain Analyst Willy Woo
    April 20, 2021
  • Longtime Bitcoin Skeptic Ray Dalio Recommends Allocating 20% of Portfolio to BTC: Report
    April 18, 2021
  • Dogecoin To Spark New Rallies In Undervalued Altcoins, Says Analyst Nicholas Merten
    April 22, 2021

DON’T MISS A BEAT

Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options

By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.

Check your inbox for confirmation email.

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX • Explore • Futuremash •
Crypto Livewire

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2021 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
  • DAILY HODL MIX

© 2020 The Daily Hodl

×