Cardano (ADA) founder Charles Hoskinson has kicked off the “final countdown” to the launch of the highly anticipated “Shelley” upgrade that aims to make the Cardano blockchain fully decentralized.
“We did a pre-launch checklist, and now we are going back to the second one,” Hoskinson said in a YouTube video of Sunday. “Should nothing come up, the update will be endorsed, and the fork will occur without delay or disruption on the 29th.”
What is Cardano’s Shelley hard fork?
The developers of Cardano are trying to create an analog to Ethereum; they believe that Ethereum is limited by its design, and that it wasn’t built to handle the numbers that are currently using it.
In the past, Hoskinson himself was one of Ethereum’s co-founders, and later took charge of Input Output Hong Kong (IOHK)—the company behind Cardano.
At the end of 2019, Cardano launched its “incentivized testnet”, allowing ADA holders to validate the Cardano ledger by pooling their resources, earning rewards in the process. On June 9, the Shelley Testnet was publicly launched, followed by the “Daedalus” Test Wallet.
What is Cardano?
Cardano is a proof-of-stake blockchain that builds on peer-reviewed research developed using a methodical, academic approach.
It positions itself as a third-generation blockchain designed to improve upon the technology behind Bitcoin (first generation) and Ethereum (second generation) by addressing their scalability, security, and sustainability.
With its focus on formal verification and peer-reviewed advancements, Cardano aims to provide a sustainable and interoperable blockcha...
In his video, Hoskinson also called Shelley a “profound” upgrade unlike any other in the history of the blockchain.
“It’s a giant leap forward because unlike every other update in the history of the project, we are now moving from a static and federated system to a dynamic and decentralized system,” he said.
Stress tests done. All systems go. Update endorsement signed. Rocket is in the air. Hardfork coming July 29th. Will post logs tomorrow pic.twitter.com/WWB5xXCq4b
Hoskinson even went as far as saying that from now on, “Cardano is the best cryptocurrency on market when we think about it compared to Bitcoin,” adding that when the blockchain will get its native assets and smart contracts, ADA will be “the best cryptocurrency bar none.”
Cardano’s price slips ahead of upgrade
Despite Cardano’s imminent upgrade, it seems like the crypto market is not holding its breath just yet. While Bitcoin and Ethereum have surged in recent days, with Bitcoin topping $10,000, ADA is one of the few cryptocurrencies from the top 10 by market cap that’s in negative territory, at the time of writing.
Researchers at the University of Texas at Austin have figured out how to turn everyday throwaways into a technology that pulls clean water straight from the atmosphere.
The team used different organic materials to develop "molecularly functionalized biomass hydrogels" that extract drinkable water from air using only mild heat, producing nearly four gallons daily per kilogram of material—about three times more than typical water-harvesting technologies.
"This opens up an entirely new way to think...
MetaMask is rolling out support for Solana and Bitcoin this year, a move that will allow the Ethereum-centric crypto wallet to cast a wider net for new users.
Beginning in May, MetaMask will enable its users to buy, sell and swap tokens and interact with decentralized applications across the Solana ecosystem, the company said Thursday in a statement. The application will also begin supporting Bitcoin sometime between July and September, allowing MetaMask users to hold the world's oldest cryptoc...
Ethereum founder Vitalik Buterin has called for "truly robust wallet solutions" that reduce the risk of accidental crypto losses.
While much attention has been paid to crypto hacks of late, with more than $1.4 billion recently stolen from crypto exchange Bybit, Buterin argued that not enough attention is paid to helping those whose digital assets have become inaccessible.
"Software bug, forgotten password, lost device, paper wallet burned down in LA fire, upgraded device without backing up data...