Cardano's Shelley Goes Live

By Abhimanyu Krishnan | News | 30 Jul 2020

The Cardano (ADA) has finally launched its Shelley upgrade to the mainnet after years of development, the team announced on July 29. The Shelley mainnet launch follows months of testing, which was incentivized with assets with real value.

Shelley brings several features to the Cardano network, including stake pools, delegation and rewards. On the whole, it brings a greater level of decentralization to the Cardano blockchain. Stake pools let users stake other users’ coins on their behalf and/or provide coins to others for staking.

Cardano founder Charles Hoskinson was pleased with the launch, celebrating it on Twitter and saying that by this next year Cardano could see thousands of assets and Dapps running on the Cardano network.

The next phase in Cardano’s development is Goguen, which squares its focus on smart contracts. This phase aims to make enterprise-grade development of smart contract applications feasible, and will include the creation of Plutus, a smart contract development language.

Following smart contracts, development will switch to scaling and governance.

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Abhimanyu Krishnan
Abhimanyu Krishnan

Technophile, cryptocurrency enthusiast and journalist.


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