|

IOHK product managers believe that Shelly Incentivized Testnet is a massive success

  • IOHK product managers have noted that Shelly Incentivized Testnet (ITN) has been a massive success.
  • Over 1,000 stake pools created, with 17,000 people delegating 38% of the entire ADA supply.
  • They also feel that Cardano’s Bryon reboot will solve a lot of issues down the line.

Product managers at IOHK have noted that the Shelley Incentivized Testnet (ITN) has been a massive success, with more than 1,000 stake pools created and 38% of the ADA supply delegated. IOHK is the company responsible for Cardano’s development. Bryon reboot, which went live recently, has laid the foundation for the mainnet deployment of Shelley.

Just last week, IOHK’s product management team gave the first monthly update on the current progress of Cardano. It covered all the new changes brought on by IOHK and the effect they will have on future adjustments. These updates are expected to bring more transparency to the network development process. 

The product director of Cardano, Aparna Jue, said:

The success of the Cardano Shelley Incentivized Testnet reflected the hard work of the development team and the valuable feedback from the Cardano community. They have been able to use the feedback to improve the upcoming mainnet and answer questions about the network. They are now working on introducing methods of communication within pool operators and eliminating bad behavior on the network.

All the current work being done on the ITN will pave the way for the release of the Shelley mainnet. Jue said that properties-based testing for Shelley is completed, with the next level being integration testing and quality assurance.


 

Author

Rajarshi Mitra

Rajarshi Mitra

Independent Analyst

Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.

More from Rajarshi Mitra
Share:

Editor's Picks

Bitcoin Weekly Forecast: Binance security breach and hawkish Fed push BTC lower
Bitcoin (BTC) continues to weaken this week, down more than 3% and heading for its fourth straight weekly loss. The largest cryptocurrency by market capitalization is facing a bearish outlook, fueled by a hawkish Federal Reserve (Fed) outlook at the October meeting and a reported $6.3 billion hack at Binance, which is driving risk aversion and triggering heavy liquidations.
Ripple Price Forecast: XRP bulls defend $1.20 as sell-side pressure triggers liquidations
Ripple (XRP) trades around $1.25 on Friday, rising from a short-term support level established at $1.20. This minor upward correction follows a sharp sell-off, triggered amid reports of a hack attack on the Binance exchange that impacted approximately $6.3 billion. The attack drove the broader crypto market on edge, as Binance suspended both deposits and withdrawals to contain the situation.
Bitcoin, Ether and XRP selloff wipes out $1.5 billion in leveraged crypto bets
Crypto traders betting on higher prices had about $1.29 billion in positions forcibly closed over the past 24 hours, as the selloff following Binance’s security breach pushed bitcoin, ether and smaller tokens lower. Total liquidations reached $1.53 billion by Friday morning in Asia, according to CoinGlass. Long positions, bets that prices would rise, accounted for 83.8% of the total.
Crypto Today: Bitcoin, Ethereum, XRP sell-off cools after Binance security breach
Cryptocurrency prices are on edge on Friday, with Bitcoin (BTC) delicately holding onto a short-term $78,000 support, Ethereum (ETH) edging lower near $2,200 and Ripple (XRP) attempting a recovery above support established at $1.20. The cooldown follows Binance, the largest crypto exchange, after it reported a hack that impacted about $6.3 billion.
Bitcoin: Binance security breach and hawkish Fed push BTC lower
Bitcoin (BTC) continues to weaken this week, down more than 3% and heading for its fourth straight weekly loss. The largest cryptocurrency by market capitalization is facing a bearish outlook, fueled by a hawkish Federal Reserve (Fed) outlook at the October meeting and a reported $6.3 billion hack at Binance, which is driving risk aversion and triggering heavy liquidations.