Charles Hoskinson: Shelley Friends and Family testnet successfully launched with 19 stake pool operators

In a new video update, Charles Hoskinson, the inventor of Cardano, announced the “Pioneers Day.” As the CEO of IOHK described, the Shelley Friends & Family testnet was launched with 19 stake pool operators. To this end, a first conference call was held today, in which all 50 persons involved in the Friends and Family testnet took part. The stake pool operators have received their first homework to do. Besides, new functions will be released for the week, which they have to test.

With Shelley node running, the launch of Cardano proof-of-stake era has never been closer

While it’s been around for almost five years, it wasn’t until last year that Cardano began taking up significant space in crypto media. The launch of the Incentivized Testnet (ITN) for Shelley, the staking era of the blockchain, pushed it to the forefront of the industry where the solid mathematics and formal methods it was based on really made it stand out from the competition.

And now, with the node for the Shelley mainnet up and running, true decentralization has never been closer. Hoskinson also stated that the test network will not yet be perfect, and the Stake Pool operators will still find one or two bugs. Ultimately, this will benefit the launch of the public Haskell test network, which will soon follow the Friends and Family testnet, as Hoskinson announced:

“The distance between now and the public Haskell testnet is not so long. I will be making an announcement very soon when it was going to hit, based on the feedback we get from the pioneers.”


Charles Hoskinson, the CEO of IOHK

Hoskinson also explained that IOHK is currently in a very active exchange with the community on the subject of pledging, an area where “there is still a lot to do.” The idea behind “pledging” is that stake pools have to stake an ADA amount at pool registration before they can offer to stake. If the amount of ADA delegated is lower than the amount set initially, the pool is deactivated. Stake pools with higher amounts of ADA should, therefore, be more attractive for users, as the owner of the pool is financially motivated to keep the pool running.

New Daedalus features and Cardano improvement proposals

Besides, Daedalus Flight 1.1.0 was released with some new features, as Hoskinson stated. As things are progressing so well, the CEO of IOHK himself has called for two new features: On the one hand, Hoskinson wants a CSV export function for all transactions with value and an exact time and date for tax purposes.

On the other hand, it should be possible to use a YubiKey, a hardware authentication device manufactured by Yubico, instead of the spending key. This allows users to plug in the YubiKey to unlock a transaction, thus achieving a 2-factor authentication. Regarding the integration of the Daedalus wallet with the Ledger hardware wallets, Hoskinson also said that the cold staking feature would be added with the next firmware upgrade.

Hoskinson went on to say that the first generation of Cardano Improvement Proposals (CIPs) is already underway. Four CIPs have already been written and maybe put to the vote as part of the democratic process. Hoskinson spoiled on this:

“Really cool things are coming, especially on the voting and democracy side. Doors are doing an amazing work. Can’t spoil anything yet but I have to say that things gonna happen sooner than you think.”

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