Cardano’s Shelley Update to be Released in Mid-September, First Stage Successful: IOHK’s Hoskinson

Charles Hoskinson, the CEO of IOHK – the leading development team of Cardano blockchain – confirmed the first stage of Shelley testing was successfully completed in an Ask Me Anything (AMA) session on YouTube on Aug 31. The team of over 50 developers working on the Shelley update will launch the second and final testing phases in the coming months.

Through 2019, the Cardano community has remained in suspense on the official launch of Shelley main net network. Finally, the update is set to be released in mid-September – subject to confirmation.

As BEG reported earlier the release of the Shelley update will be completed in three phases – the implementation and hosting of ‘selfnodes’, networking test and the incentivizing stage.

On to the Networking Test Net Stage

Hoskinson stated that the first stage of the Shelley update, implementation and hosting of personal nodes, was “very successful”. The development team found and fixed a number of bugs in the system during the testing phase and are now focusing on releasing the networking test net this month.

The IOHK co-founder switched to the networking phase of the Shelley update confirming the release will be in the second week of this month. He further explains that the networking phase will allow users to stake their ADA tokens and connect to the main network.

Hoskinson said,

“In the networking test, where we actually have people connect to a unified test net and do some form of staking. So everything that you’d want to do with Shelley, was done now for instead on your PC, on a distributed system.”

Once the networking phase is complete, Cardano holders will be able to stake their tokens in pools to gain additional revenue in the network. The launch of the third and final stage of the Shelley update – incentivizing stage – is set to launch immediately after the completion of the networking phase. The launch is set to coincide with the second anniversary of Byron update.

After the announcement of the upcoming developments by Hoskinson during the AMA, some community members turned to mock the overall announcement. Charles on Twitter responded to these ‘trolls’,

“It's amazing to me how some people are incapable of even understanding a simple statement. I didn't make an announcement of an announcement in my AMA. I announced the next phase of the test net in September and an event in Bulgaria on the 28th. How is this no announcement!?!?”

Earlier in August, Hoskinson released the 1.6 Cardano blockchain update that featured an updated version of the Daedalus platform.

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