Cardano’s Shelley Testnet Makes Debut; First Step In Using Ouroboros Based Decentralized Network

Cardano’s much anticipated Shelley update is now available to the community after the company runs a successful test in London, announced IOHK, the research and development company behind the 13th largest cryptocurrency.

Earlier this month, they talked about taking the next step to Cardano’s Shelley phase. Now, it has finally entered Phase 2 of the testnet rollout that is network implementation.

This new phase is the first decentralized implementation of the Ouroboros Genesis consensus algorithm which is an “important milestone for the Shelley era of Cardano.”

The networked testnet phase allows IOHK and the community to test the behavior of an Ouroboros-based decentralized network before it goes on the mainnet.

Currently, all the nodes in the Cardano network are controlled by either the Cardano Foundation, IOHK or Emurgo, but with Shelley update, the network would reach its goal of “complete decentralization,” where the majority of nodes are run by the community.

As it has been known, these monumental updates of Cardano have been going for a long time now. According to IOHK, it is because of the engineering challenge it poses and to ensure that the change is sustainable for the network to flourish in the long term.

Now, after less than a year, the private’ network is being tested to see the testnet working in real-time.

Cardano is now inviting the community to participate in the network and provide feedback.

“As Shelley approaches, the ambassadors and supporters are integral to working through upcoming challenges,” it states.

Meanwhile, regular updates would be made in the Jörmungandr GitHub repository, where you can download the latest version of the testnet code.

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AnTy has been involved in the crypto space full-time for over two years now. Before her blockchain beginnings, she worked with the NGO, Doctor Without Borders as a fundraiser and since then exploring, reading, and creating for different industry segments.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


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