Cardano holders celebrated last night as CEO Charles Hoskinson released details of a rollout plan culminating with the launch of the Shelley mainnet on July 29th.
When Shelley? Here you go pic.twitter.com/wW08DOFstW
— Charles Hoskinson (@IOHK_Charles) May 28, 2020
The Shelley era aims to decentralize the Cardano network by way of operating through independent network node operators. But it’s been a long and drawn-out process to date.
Numerous delays over the years have brought waves of criticism, as well as personal attacks against Hoskinson himself.
Not so long ago during an AMA, Hoskinson took the bait which resulted in him responding with a “f*ck you” during the stream.
Since then many have questioned Hoskinson’s professionalism and ability to run a multi-billion dollar project.
However, yesterday’s announcement represented a victory for Cardano and goes some way in absolving the delays experienced to date.
Cardano aims to Get it Right First Time
The Cardano project has often been likened to a tortoise, as in slow and steady wins the race. But the thoroughness of Cardano’s scientific philosophy is at the same time its greatest weakness.
“Good software needs accountability, clear business requirements, repeatable processes, thorough testing and tireless iteration.”
With that, Hoskinson has on many occasions justified this approach by focussing on the objectivity that results from using a scientific approach. This, he believes, is the best way to go about developing cutting edge technologies.
More recently, Hoskinson directly addressed community concerns over further delays during an AMA. The half-hour-long video reiterated his belief in the scientific process.
“The point of science is to remove human beings from the process, and to follow a systematic way of thinking so that you can resolves problems.”
But more than that, Hoskinson spoke passionately about why this would help Cardano steal a march over its competitors.
“We’d be just one voice among the 3,000 that are speaking. And how do we get ahead? Cardano was a project that said it would bear the burden of scientific due dilligence on the entire industry.”
Hoskinson then said this approach requires a position where nothing is assumed, where basic fundamentals are re-examined, pulled apart, re-engineered and re-imagined. But doing this takes time.
“We will start from ground, from first principles in 2015. What is a ledger? What are the accounting models? How do you write a smart contract programming language? What requirements must it have? Now this process is methodical and slow. Everybody knew that going into it.”
ADA Puts in Top Performance
Out of the large caps, Cardano’s native token, ADA is today’s biggest gainer having spiked 15% on the Shelley mainnet news. Currently, its priced at $0.064, having undergone a slight retracement from its $0.068 peak.
Cardano daily chart with Ichimoku indicator and volume. (Source: tradingview.com)
Analysis of the price action shows that ADA had already broken key resistance at the $0.055 level in the week before the Shelley mainnet announcement.
Yesterday’s spike brought it closer to contention with the mid-February (pre-pandemic) YTD peak of $0.072. Using Ichimoku cloud analysis the outlook appears bullish. The daily chart shows a conversion line (blue) above the base line (purple), with the lagging span (black) and price way above the cloud.
This is a pattern repeated on the shorter hourly and four-hourly time frames as well.
What’s more, rumors of an imminent Coinbase listing could be factors to the bullish price action. There’s been talk of a Coinbase listing for at least two years now. But with a confirmed date for the Shelley mainnet, could it finally happen? origin »
После стольких лет разработки, основной пакет Cardano Shelley был наконец-то запущен после жесткого форка. В конечном счете, переход от предыдущей сети, знаменует собой начало децентрализации. Запуск сети Cardano Shelley В среду Фонд Кардано объявил, что протокол перейдет из предыдущей централизованной версии Байрон, в Шелли.
An excited Charles Hoskinson has officially confirmed the beginning of the Shelley era. This comes after five years of hard work following the launch of Byron. Shelley marks Cardano’s decentralization.
The much-awaited Cardano (ADA) mainnet, Shelley, goes live later this week on July 29, founder Charles Hoskinson confirmed earlier today. Much-Awaited Launch In an announcement, IOHK – the parent firm of public blockchain Cardano – said it had successfully completed final tests over the weekend and gave the go-ahead on the Shelley hard fork.
Cardano’s parent company Input Output Hong Kong (IOHK) kicked off the first day of the Shelley virtual summit on July 2 by announcing the launch of a $20 million fund amid the ongoing transition to Shelley era.
Cardano’a parent company IOHK started off the Shelley Virtual Summit with 5 major announcements, unveiling some of the innovations that were made possible by the public mainnet launch of Shelley, including its identity solution PRISM, a new model for governance on Voltaire, as well as a $20 million fund aimed at dApp development on Cardano.
Cardano reaches an important and highly anticipated day in its roadmap today as it moves to the Shelley phase of its march towards total decentralization. The Cardano community has been anxious about the arrival of Shelley.
Cardano is about to enter a new phase of the long-awaited Shelley era after years of intense work. With the launch date for the Shelley testnet less than 24 hours away, speculation on the ADA cryptocurrency has gone through the roof.
Cardano [ADA] has emerged to be a "hot altcoin" as of late with an impressive development activity record over the past couple of months. This was evidenced by the Shelley rollout plan that was laidThe post Cardano welcomes new pioneers with Shelley underway appeared first on AMBCrypto.
Cardano has been in the spotlight of the cryptocurrency market following the recent developments around its Shelley incentivized testnet. Last week, for instance, the team behind IOHK gathered a small group of operators to provide insights on how the Shelley mainnet would look like.
Cardano (ADA) Shelley is a fully decentralized stage of blockchain progress. The Shelley start and staking launch are among the most anticipated crypto events of 2020
Децентрализованная блокчейн-сеть Cardano (ADA) поделилась несколькими обновлениями роадмапа в своем отчете о развитии, который содержит заметку об успешном тестировании Shelley Network.
Cardano is on course for its ambitious upgrade to the Shelley mainnet, despite the ongoing crisis caused by the coronavirus pandemic. In a recent development, the Cardano team has mined the test version of the genesis block of Shelley mainnet in a private beta testnet.
Cardano, the distributed ledger technology (DLT) project powering the ADA altcoin has announced that it has reached another significant milestone in its journey towards the Shelley era, as the first block of the Shelley mainnet has been mined in private beta, according to reports on April 27, 2020.
Основатель блокчейн-проекта Cardano Чарльз Хоскинсон поделился со своими подписчиками в Twitter информацией о добыче нулевого блока в тестовой версии cети, что еще на шаг приблизило сообщество к масштабному обновлению Shelley.
The Cardano ecosystem has been focused on maintaining and enhancing the Shelley Incentivized Testnet. The progress made in terms of the ITN has been substantial. Communications Director at IOHK, Tim HThe post Cardano's Shelley ITN records over 1000 reg pools; 11.
As network stability remained the focus for the Cardano ecosystem, Dimitris Poulopoulos, Project Manager for the Shelley Incentivised testnet addressed some key updates on its progress.
This week tThe post Cardano releases two new versions of Jormungandr as Shelley ITN nears appeared first on AMBCrypto.
In another surprise AMA session, Charles Hoskinson shared the latest updates on Cardano. The CEO of IOHK said that October has been a month packed with action that could enable the first snapshot for the Shelley incentivized testnet to happen as early as Nov.
Во время выступления на конференции Emurgo Cardano Advisory в Японии, посвященной развитию финтеха, основатель Cardano Чарльз Хоскинсон рассказал участникам мероприятия о главных задачах июньского обновления Shelley.
Во время выступления на конференции Emurgo Cardano Advisory в Японии, посвященной развитию финтеха, основатель Cardano Чарльз Хоскинсон рассказал участникам мероприятия о главных задачах июньского обновления Shelley.
Монета Cardano начала расти в стоимости на фоне анонса запуска тестовой сети Shelley. За сутки ее ценник увеличился примерно на 15 процентов. Сегодня восходящая динамика криптовалюты сохраняется.
Coinspeaker Cardano Moves Closer to Full Decentralization, Completes ‘Shelley’ UpgradeWith its Shelley update the completion of which is a real milestone, Cardano is now one step closer to its main goal – full decentralization.
The specifications for Shelley, Cardano’s newest update that aims to bring full decentralization to the platform, have finally been revealed. IOHK, the company behind Shelley, announced the key specifications that deal with everything from the design for the delegation and incentive mechanism to ledger rules.
Yesterday, CEO of Cardano, Charles Hoskinson announced the completion of a significant roadmap goal. The Shelley phase relates to stability, interoperability, and governance. But more than that, the primary objective behind it is the decentralization of the Cardano network via staking.
Charles Hoskinson, the co-founder of Ethereum and current CEO of IOHK, recently appeared as a guest on the Ivan on Tech podcast and revealed the progress of the Cardano blockchain. Since IOHK released the “Cardano whiteboard and overview with Charles Hoskinson” video in October 2017, the company introduced major improvements to the platform, and Hoskinson was there […]
The post Charles Hoskinson describes the future of Cardano, “100 times more decentralized than Bitcoin” after Shelley appeared first on CryptoSlate.
Cardano has been making headlines lately due to Shelley, which simply means decentralization. The excitement around Cardano decentralization is the fact that, it Cardano is a Proof-of-Stake blockchain, which means investors will be in a position to stake Cardano (ADA) and earn a passive income from it. It’s the case with all the other Proof-of-Stake […]
Cardano has reached a major development milestone. Last week saw the release of Cardano 1. 5, which marks the end of Cardano’s “Byron” stage and the beginning of the “Shelley” era.
Cardano has officially released the Cardano 1.5 on the mainnet which is a milestone the cryptocurrency has achieved as it is the last major Cardano release of the Byron Development phase. Since the launch of Cardano’s mainnet, it has been in the Byron phase only and from here it would make its way to the […]
Cardano community members have been looking forward to the new major main net update. In version 1. 5, a few interesting changes and features are introduced. It is also a major step toward the introduction of the Shelley release, which will occur fairly soon.
Cardano (ADA), the innovative blockchain project featuring a scalable cryptocurrency (ADA) that’s poised to support smart contracts and the…
The post Will Cardano’s Shelley Be Released on Time? appeared first on Invest In Blockchain.
Year in Review ADA entered the last year like the rest of the markets, floating in a giant bubble fueled by the biggest bull run seen to date in cryptocurrency. During this time, ADA reached an all time high of $1.
Cardano developer and CEO if IOHK Charles Hoskinson has been quite busy since the turn of the year. As the project moves towards implementing the Shelley update, one that is expected to bring several long-awaited features (like decentralization and staking), Hoskinson decided to hold another impromptu YouTube AMA and answer some popular community questions.
Cardano developer and CEO if IOHK Charles Hoskinson has been quite busy since the turn of the year. As the project moves towards implementing the Shelley update, one that is expected to bring several long-awaited features (like decentralization and staking), Hoskinson decided to hold another impromptu YouTube AMA and answer some popular community questions.
Following the Byron Phase, the 11th largest digital coin by market per announcement will enter the Shelley phase in Q1 2019. The fundamentals set by Byron when it comes to interaction, Shelley will be commenced with the target to lure more developers towards the platform with more features and stability.
Cardano (ADA), a project bringing innovative solutions to decentralization, has confirmed that the next phase of their project will…
The post Cardano to Enter Next Phase, Shelley, in Q1 2019 appeared first on Invest In Blockchain.
Popular blockchain project Cardano has always had an interesting approach to its roadmap updates and structure. Split into five stages, each of which carries a name of a famous scientist (Byron/Shelley/Goguen/Basho/Voltaire), the roadmap saw its first update for 2019 released just a couple of days ago.
Byron? Shelley? Those are just fancy names for phases of Cardano roadmap. ADA is centralized blockchain right now but that is scheduled to be changed in the next phase, named as previously mentioned, Shelley.
On Oct. 9, the Cardano (ADA) team released a video updating investors and the public about the progress of Project Shelley, which the firm touts as a path to the protocol’s “full decentralization.
Project Shelley is an ambitious project by Cardano developers IOHK. It aims to make the Cardano blockchain fully decentralized and autonomous. On Tuesday, Oct. 9, IOHK project manager Liz Bancroft-Turner shared the September update on the Shelley project and talked about its test and quality plan.
Cardano, the platform underpinning ADA, the ninth largest cryptocurrency by market cap, is opening its doors to third-party developers through a new client, written in systems programing language Rust.
Cardano, the first blockchain to be built based on peer-reviewed academic research, has been like the slow and steady…
The post Cardano Shares Details on the Shelley Project appeared first on Invest In Blockchain.
Cardano which has also been referred to as ADA released a new update on the Shelly project, this was on the 16th of July. The IOHK project manager Liz Bancroft just gave an update on Shelly on the IOHK YouTube channel for the month of June. But this is not all as she went ahead […]
Cardano founder Charles Hoskinson believes Artificial General Intelligence (AGI) could emerge within three to five years, marking a transformative moment in AI evolution. In a Feb. 19 post on X, Hoskinson said: “I’d say we are 3-5 years away from AGI.
In a livestream on Monday, Cardano founder Charles Hoskinson delivered a candid and impassioned critique of what he described as “constant unrelenting naked criticism” and “destructive” tactics within the project’s governance discussions.
Charles Hoskinson, founder of the Cardano blockchain, delivered an extensive live stream update outlining a major push toward decentralized governance. Hoskinson discussed the status of Cardano’s ongoing constitutional ratification, introduced details of a forthcoming roadmap, and explained a proposed budget overhaul—all aimed at ensuring that Cardano evolves without a centralized executive branch. Cardano Roadmap And […]
Cardano has activated its long-anticipated Plomin hard fork, opening what founder Charles Hoskinson describes as “the most powerful blockchain government in the world.” In a livestream titled “Welcome to the Plomin Era,” Hoskinson reflected on the network’s decade-long path and explained how its newly enabled governance structures will shape Cardano’s future. Hoskinson recalled the project’s […]
Cardano was in a slow and steady decline Sunday as founder Charles Hoskinson took to X to defend Input Output Global (IOG), the blockchain research and engineering firm, against criticism over its ADA holdings and the network’s adoption efforts. Hoskinson…
Charles Hoskinson, Cardano’s founder, has shared a vision based on a four-year plan that would still be set for 2025 and can redefine the Cardano ecosystem.
In a wide-ranging two-hour livestream on December 26, Cardano founder Charles Hoskinson addressed ongoing discussions around partnering with Ripple, advancing a Chainlink integration, and bridging Bitcoin into the Cardano ecosystem.