• About Us
  • Advertise
  • Contact Us
  • Editorial Policy
  • Privacy Policy
  • Team
Tech News, Magazine & Review WordPress Theme 2017
  • Bitcoin News
  • Blockchain News
  • Cryptocurrency News
  • PR
  • Price Analysis
No Result
View All Result
  • Bitcoin News
  • Blockchain News
  • Cryptocurrency News
  • PR
  • Price Analysis
No Result
View All Result
CurrentCryptocurrencyNews
No Result
View All Result

Cardano Expected to Become the Most Useful Cryptocurrency After the Launch of Shelley Testnet

Christofer Wright by Christofer Wright
March 17, 2020
Home Cryptocurrency News

Shelley Testnet, which is 50 to 100 times more decentralized as compared to other blockchain networks, is awaiting its launch after a lot of hassles and subsequent delay. The launch of Shelley Testnet was announced by IOHK on Thursday. IOHK (the input-output Hong Kong) is the organization, whose name is associated with the creation of a new contract blockchain project, Cardano. IOHK is called the brainchild of Charles Hoskinson, who is the co-creator of Ethereum along with Vitalik Buterin. The launch of Shelley Testnet is expected to open up new opportunities for Cardano to prove its efficiency to be ranked the most useful cryptocurrency.

Charles Hoskinson, also the creator of Cardano has affirmed new developments on behalf of IOHK. It is now concentrating on developing the smarter contract platform (Cardano), with more advanced features like other blockchain platforms. Although, the delay in launching Shelley Testnet (the mainnet of Cardano), was eventually slowing down the entire process of Cardano being able to prove its worth. This delay has also caused much concern amongst the crypto market about the viability of the project.

However, the recent announcement by Charles Hoskinson, about Cardano getting ready for its self-node Testnet has brought things under control. As per the news, with the launch of Shelley, people’s perception of Cardano will change substantially.

At the event to celebrate Cardano’s second anniversary, Hoskinson claimed that Cardano will excel in terms of its functionality and more advanced features by the end of 2020. Hoskinson confirmed at a meet, that he along with his team is trying extensively to make Cardano, the most robust and useful cryptocurrency. Cardano will be embedded with much more technological advancements, than just being able to send thousands of transactions in an hour. As such, the Shelley mainnet is expected to utilize a stake proof protocol called Ouroboros Genesis, that guarantees advanced features similar to Bitcoin. This protocol will have decentralized applications within the ecosystem of Cardano, that will provide smart contracts for both new and existing developers.

The launch of Cardano symbolizes the slow transition from Byron to Shelley Testnet, which is an important milestone in the cryptocurrency market. As per the official website, Cardano Shelley Testnet paves the way for the users to experiment with staking.

Of late, Cardano has been seen expanding its services to the Chinese territory. Considering the needs of the community, the foundation recently appointed Ryan He as Assistant Manager. Ryan’s appointment is likely to help develop a localized strategy and improve the Chinese community’s engagement in blockchain technology.

Christofer Wright

Christofer Wright

Christofer Wright is an experienced news writer and holds a journalism degree. Presently he is working as a sub-editor at Current Cryptocurrency News. He leads a team of news writers and regularly contributes his knowledge and ideas for news writing. In his free time, he even writes some featured articles regarding cryptocurrency market updates & latest happenings.

Next Post
Crypto Hack

19-Year-Old Teen Hacker’s Illicit Assets Seized and Auctioned Off By the UK Police

Recommended.

Crypto Trading Fees on WazirX

Learn To Use the WRX Coin To Pay Crypto Trading Fees on WazirX

March 24, 2021
AVAX Outperforms The Global Crypto Market, Increases Its Staking Rate to 50%

AVAX Outperforms The Global Crypto Market, Increases Its Staking Rate to 50%

March 14, 2022

Trending.

Wipro and Uniper join hands to build Blockchain-based Platform For Energy Sector

Wipro and Uniper join hands to build Blockchain-based Platform For Energy Sector

August 21, 2020
Is SafeMoon a Profitable and Best Investment?

Is SafeMoon a Profitable and Best Investment?

March 2, 2022
Deepdotweb Operator in Prison Denied Earning of $15M from Illegal Darknet Links

Deepdotweb Operator in Prison Denied Earning of $15M from Illegal Darknet Links

March 17, 2020
Bitcoin Cash Solves Retail Blockchain Transactions Problems

Bitcoin Cash Solves Retail Blockchain Transactions Problems

March 10, 2022
Ripple (XRP)

Will Ripple (XRP) Price Overshadowed by the Bears Again?

March 19, 2020
CurrentCryptocurrencyNews

CurrentCryptocurrencyNews is your one-stop news source for everything related to cryptocurrencies. You can read the latest news headlines for 24/7 on any screen. In addition to that, we provide latest news stories including fundamental and technical analysis. So, our main aim is to help crypto enthusiasts to grow according to current trends.

Email: john@currentcryptocurrencynews.com

Follow Us

Cryptocurrency Updates

Crypto Trading Fees on WazirX
Cryptocurrency News

Learn To Use the WRX Coin To Pay Crypto Trading Fees on WazirX

by Robert Clifton
March 24, 2021

Categories

  • Bitcoin News
  • Blockchain News
  • Cryptocurrency News
  • PR
  • Price Analysis

Recent Updates

Teller & Chainlink to Develop Undercollaterzalized DeFi Lending

Teller & Chainlink to Develop Undercollaterzalized DeFi Lending

September 19, 2022
Can You Make Real Money From Playing Crypto Dice?

Can You Make Real Money From Playing Crypto Dice?

May 10, 2022
Fantom Launches USDB Stablecoin

Fantom Launches USDB Stablecoin

April 1, 2022
  • About Us
  • Advertise
  • Contact Us
  • Editorial Policy
  • Privacy Policy
  • Team

Copyright © 2023. CurrentCryptocurrencyNews. All Rights Reserved.

No Result
View All Result
  • Bitcoin News
  • Blockchain News
  • Cryptocurrency News
  • PR
  • Price Analysis

Copyright © 2023. CurrentCryptocurrencyNews. All Rights Reserved.