Hard Fork on Track for July 29th Release as IOHK Deploys Shelley Node on Cardano Mainnet

Ahead of its virtual summit on July 2nd and 3rd, Cardano achieved two important milestones. The new Daedalus 1.1.0-STN1 Shelley Wallet will allow users to check their staking balance, and node 1.14.2 with all key features has been “successfully” deployed.

Cardano is annoying the new milestones ahead of the soon to be released much-anticipated Shelley mainnet.

IOHK has now successfully deployed the new node to the Cardano mainnet after running the node 1.14.2 on the Shelley public testnet for over a week

“This node deployment contains all the Shelley logic and features, plus the hard fork combinator that will implement it all on mainnet, comes the hard fork in late July,” reads the announcement.

This is the first complete Shelley mainnet release with all key features included along with a crucial one.

Achieving this milestone successfully has the team “retain a high degree of confidence” that the Shelley hard fork will materialize on the set date, July 29th.

Another milestone achieved was the release of the Daedalus 1.1.0-STN1 Shelley Wallet.

The IOHK team shared the release of a new version of Daedalus Shelley wallet for ADA holders who have been delegating or operating stake pools on the ITN to check their rewards come Shelley mainnet.

The second release, Daedalus 1.1.0-STN1, is compatible with the Shelley testnet and offers balance check functionality for those who participated in the Incentivized Testnet (ITN) program and earned rewards.

Users can now check if their rewards balance is reflected correctly on the testnet and is the final verification of any reward earned before they are transferred over to the Cardano mainnet later this summer.

The staking rewards will be made available to the user via mainnet Daedelus wallet.

After the Shelley rollout, new features including support for delegation, legacy Byron wallets, and view stake pools will be added to Daedalus.

Amidst this, today, Cardano Foundation also released a new website. “A new look, a new site, a new era. Go go go Cardano!” tweeted IOHK.

The 9th largest cryptocurrency by market cap meanwhile is trading at $0.0860, up 3.98%, today’s top gainer among the 20 largest cryptos. Up 148% YTD, ADA is still off 94% from its all-time high of $1.33.

Cardano (ADA) Live Price

1 ADA/USD =$0.1034 change ~ 2.97%

Coin Market Cap

$3.22 Billion

24 Hour Volume

$103 Million

24 Hour VWAP

$0

24 Hour Change

$0.0031

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AnTy
AnTy
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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