IOHK CEO Charles Hoskinson Makes Bold Predictions Ahead of Cardano’s Shelley Mainnet Release This Week

“Launch sequence initiated. All systems go.”

Cardano’s much anticipated Shelley testnet is all set for July 20, 2020 release.

“Stress tests done. All systems go. Update endorsement signed. Rocket is in the air. Hardfork coming July 29th” tweeted Cardano creator and CEO of IOHK, Charles Hoskinson.

The current Cardano byron mainnet will become the Cardano Shelley mainnet on Wednesday at 21:44:51 UTC, starting at epoch 208.

Over these next few days, IOHK will be working closely with its 40+ exchange partners to have them Shelley-ready, the final mile in the Shelley deployment, a key factor in a successful migration from a Byron mainnet to Shelley.

For weeks now, the team has been hard at work testing, refining, and locking things down. The team has done all the major work and released the final hard fork-ready versions of cardano-graphql, cardano-rest, and cardano-db-sync but is still working on the wallet backend and explorer.

A taste of what’s to come

In the meantime, IOHK has released a new Daedalus wallet for the Shelley testnet. The latest iteration of the Shelley testnet, Daedalus 1.6.0-STN5, the team is giving ADA holders a taste of what’s to come.

The wallet is connected to the latest test network, MC4, Node v 1.18, which allows users to restore Byron mainnet wallets based on balances taken from the mainnet snapshot on July 20. If you were an ITN participant, you could also check your rewards.

The latest version of the test Daedalus wallet is “very nearly feature-complete” and “very close facsimile” of what’s to expect on mainnet after the Shelley hardfork.

Already, there are nearly 300 stake pools, an “unprecedented” number, that have joined the new version of the testnet.

“So, after a very busy weekend, we are in a very good place. Hardfork confirmed for the 29th. Core components released. A new Daedalus for everyone to get a taste for the Shelley wallet experience, ready for staking and delegation,” wrote the IOHK team.

Big Talks

A few days still left off of the mainnet release, Hoskinson, who also co-created Ethereum, made a big prediction of “hundreds of assets running on Cardano, thousands of DApps, tons of interesting projects and lots of unique use and utility,” in next year.

“2021 is going to be so much fun watching Cardano grow and evolve. The community is definitely ready to innovate,” he added.

But the community doesn’t really believe it; some even liken it with the big promises made by VeChain before its mainnet release, which were never realized.

Price-wise, this has been a good year for Cardano, up 320% YTD. Over the weekend, the sixth-largest cryptocurrency by market cap jumped 25%, currently trading at $0.141 as its big day comes near.

Cardano (ADA) Live Price

1 ADA/USD =$1.2064 change ~ -0.17%

Coin Market Cap

$38.66 Billion

24 Hour Volume

$586.68 Million

24 Hour VWAP


24 Hour Change


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