The co-founder of Cardano Charles Hoskinson today announced the launch of Shelley, the latest update for Cardano. It will start rolling out the network between June 30 and July 7.
“Guys wanna know when Shelley is? Let’s tell ya,” he said today. “June 9, this is when it opens up to everybody. The next date we have for you is June 16, that’s when we start putting things together end-to-end.” he said on a crowdcast podcast.
Hoskinson referenced the long, difficult task of getting Shelley ready for the public. The Cardano founder has previously come under criticism for failing to add substance to Cardano’s whitepaper potential in the form of hard launch dates. Hoskinson added:
“I’m really proud of everybody. It’s been a long time coming and it’s been a difficult year because we’ve had to change the tires while the car is running. What we’re creating is basically the world’s next operating system.”
On April 27, the first Shelley block was produced on a testnet. The block was produced within the “friends and family” stage of Shelley’s initialization.
The Shelley era encompasses the critical early steps in Cardano’s journey to optimize decentralization – and like any first steps, these will be gradual but significant. During the Byron era the network was federated, but as the Shelley era progresses more and more nodes will shift towards being run by the Cardano community. Once the majority of nodes are run by network participants, Cardano will be more decentralized and enjoy greater security and robustness as a result, according to a Cardano’s roadmap.
Cardano (ADA), currently ranked #11 by market cap, is up 20% over the past 24 hours – with the majority of the growth coming in the hours following Hoskinson’s announcement.
Read more:
- Cardano Founder Charles Hoskinson: I Know No Mercy For Such Annoying Criticism About Shelley Mainnet Release
- Cardano Will Eclipse Ethereum 2.0 But Is It True?