The announcement of a new upgrade of the Cardano blockchain platform was made a couple of days ago. This suggests that there is a new era for Cardano soon with the Shelley upgrade, where the new platform will launch in June. The native token of the network, ADA, is also doing good – it managed to outperform nearly all other top 100 crypto assets by market capitalization over the past 24 hours.
As of press time, ADA is trading near $0.064 with a 4.74% increase on the day. With this, the coin is leading the crypto news and is better than almost every other coin in the top 100. The asset has also seen a rise of 25% over the past 7 days and is currently trading in a bullish zone.
At the same time, we can see Bitcoin (BTC) and its surge of 4% in a day, trading at $9,453 right now. Ether (ETH), on the other hand, advanced by almost 7% to reach a price of $221. The other crypto assets are seeing mixed signals.
Speaking in a live streamed development update on Thursday, the CEO of IOHK (the company behind Cardano and ADA) Charles Hoskinson announced the new era for Cardano and revealed a number of dates related to the transition to the platform’s “Shelley era.” If you are new to this, you can read more about Cardano Shelley on this link.
Anyways, the Cardano news now show that Hoskinson passed the public testnet for the Shelley upgrade and decided to make it available to everyone from June 9, and users will be able to run a stake pool with real ADA tokens.
Further, the “Shelley test wallet” will be available from June 16 and “if everything works without a hitch” it will ship on June 30, the CEO said.
“What happens is that you have four weeks to upgrade between June 30th and July 29th, and then on July 29th we’re gonna do a hard fork,” Hoskinson explained.
Hoskinson also added that the new era for Cardano will follow exchanges, which will be asked to upgrade their systems from June 23 to July 20. Shelley is the “second era” in the Cardano’s development and is said to be focused on decentralization, according to the project and its public roadmap.
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Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
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