The Cardano (ADA) community can certainly start getting ready for the official release of the Shelley update as Charles Hoskinson revealed they want to release it before July. He said that during an update of the Cardano network that was conducted by IOHK.
Cardano Shelley Update Coming Soon
The entire Cardano community has been waiting for the official release of the Shelley update. Now that the Coronavirus crisis is coming to an end, projects resume their activities and countries start opening their economies once again. Cardano is not being left behind and Hoskinson announced the official release date of Shelley’s update.
He mentioned that the official release is going to be as soon as on June 9 when the network will be open to everyone. On June 16, Hoskinson explained they will start “putting things together end-to-end.” Furthermore, if everything works properly, Shelley would be ready for June 30.
This is an update that has been developed in the last months by a group of experts and that the entire crypto community was waiting. Of course, the whole process was not easy and there have been many challenges during the way. Indeed, many have criticized Cardano and the entire team due to the delays they were showing with Shelley’s release.
Mr. Hoskinson has always been very clear about the fact that they do not focus on marketing but instead, they work at all times in order to offer working and functional services and products.
About the announcement, Hoskinson explained:
“I’m really proud of everybody. It’s been a long time coming and it’s been a difficult year because we’ve had to change the tires while the car is running. What we’re creating is basically the world’s next operating system.”
With the new Shelley update, it would be possible for users to start staking ADA coins on the Cardano network. Indeed, Cardano will become a proof-of-stake (PoS) blockchain in which users will be securing the network and receiving rewards for their contribution.
This would allow users to get rewarded and the network would become more useful. Hoskinson considers that this is the world’s next operating system, something that would add great value to both new and old users.
Currently, ADA is the 11th largest digital asset in the market with a price per coin of $0.0649. In the last 24 hours, it surged by 17.50%. The second-largest price increase among the top 100.