• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news today, price & technical analysis
Price & Market
Cap Data from
Nomics Logo
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Gamble +Try
No Result
View All Result
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Gamble +Try
No Result
View All Result
NewsBTC
No Result
View All Result
Price & Market
Cap Data from
Nomics Logo
Home Cryptocurrency news

Major Cardano (ADA) Milestone: How Shelley Improves Stability and Decentralization

Samuel Wan by Samuel Wan
2 years ago
in Cryptocurrency news
Reading Time: 2min read
Major Cardano (ADA) Milestone: How Shelley Improves Stability and Decentralization
Advertisement

Yesterday, CEO of Cardano, Charles Hoskinson announced the completion of a significant roadmap goal. The Shelley phase relates to stability, interoperability, and governance. But more than that, the primary objective behind it is the decentralization of the Cardano network via staking.

The soul of Shelley is out https://t.co/5Hcwt40BsU

— Charles Hoskinson (@IOHK_Charles) April 17, 2019

Completion of Shelley On Cardano’s Roadmap

Under Shelley, Cardano will provide incentives to those who actively participate in the Proof of Stake consensus protocol. However, what makes Cardano different, is that Cardano acknowledges that not everyone wants to run an active node 24/7. For that reason, ADA holders have the option to delegate their stake to a staking pool.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

By doing this, ADA holders will transfer their right to protocol participation over to the stake pool operator. In the process, an on-chain delegation certificate will evidence the fact. But the original holder is still granted full monetary rights over their delegated funds. This means they are free to spend any of their ADA wallet balance, even if they have entrusted it to a stake pool operator.

On top of which, delegators will still receive rewards proportional to their staked amount. This happens whenever the staking pool validates a new block. However, a fee is payable, to the pool operators, in this event.

Welcome Shelley!! Well done team!

— Cardano Woman (@CardanoWoman) April 17, 2019

The Significance Of Shelley

Shelley represents a significant milestone in the evolution of the internet. Tech investor, Chris Dixon talks about this in his article titled, Why Decentralization Matters, about the coming third age of the internet. In it, he said:

“Cryptonetworks combine the best features of the first two Internet eras: community-governed, decentralized networks with capabilities that will eventually exceed those of the most advanced centralized services.”

To which, Shelley’s phased rollout exemplifies the gradual shift away from centralization, to a more equitable system. And one where community governance is key to the successful operation of the project. More so, Shelley marks the first time participants, even non-technical ones, can participate as a collective.

Phillip Kant, developer at IOHK, reiterates this by saying:

“The goal of the Cardano Shelley era is to bring full decentralization to Cardano, moving beyond the federated epoch and handing control of the ledger over to the community via stake pools.”

Cardano’s New Roadmap

Already praised for their scientific robustness, and timely completion of roadmap goals, the Cardano team once again proved their worth by completing Shelley as forecast.

The announcement signals an end to current proceedings. But with that comes the beginning of a new phase of development – the Cardano 2020 vision. Details will be available during the IOHK Summit 2019, which takes place on the 17th-18th of April 2019. A new roadmap will accompany this. In publicizing the event, the IOHK team said:

“[Charles Hoskinson] will outline this vision in his keynote speech and the roadmap will be relaunched with a renewed focus on this milestone. For the time being, we will be removing the timer on the roadmap page as well as publishing intermittent updates about important software releases.”

With this in mind, 2019 is shaping up to be an exciting year for Cardano.

Cardano Foundation is proud to be a Platinum Sponsor of the IOHK Summit which is starting right now! Join us with the livestream here: https://t.co/raZzey9qVP #IOHKSummit2019

— Cardano Foundation (@CardanoStiftung) April 17, 2019

Tags: CardanoShelley
TweetShare35
Nexo Logo
BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner? Win up to $1,000,000 in One Spin at CryptoSlots
Samuel Wan

Samuel Wan

Samuel Wan is passionate about different cultures and eating good food. He has years of experience working in business and finance — a burgeoning interest in Bitcoin and cryptocurrencies since 2017. UK based.

Related Posts

takaxa

Taraxa’s Steven Pu on the Elephant-in-the-Room Problem With Informal Transactions, and How He Drives the dApps Adoption With Slack-Inspired Go-to-Market

1 day ago
Bitcoin Analyst Explains Why Traders Should Buy Altcoins All March

Bitcoin Analyst Explains Why Traders Should Buy Altcoins All March

2 days ago
Dash Investment Foundation Considers Buying Tesla and Coinbase IPO Shares

Dash Investment Foundation Considers Buying Tesla and Coinbase IPO Shares

2 days ago
Bitcoin Exchange Suffers Massive Outflow as BTC/USD Drops

Bitcoin Exchange Suffers Massive Outflow as BTC/USD Drops

2 days ago
How to Maximize Your Yield Farm Gains

How to Maximize Your Yield Farm Gains

3 days ago
Bitcoin Exchange Coinbase to Go Public; What Does It Mean for BTC/USD?

Bitcoin Exchange Coinbase to Go Public; What Does It Mean for BTC/USD?

3 days ago

Premium Partners

Top Brokers

eToro

eToro

Review · Visit
Evolve Markets

Evolve Markets

Review · Visit
ArbiSmart

ArbiSmart

Review · Visit
PrimeXBT

PrimeXBT

Review · Visit
Moneta Markets

Moneta Markets

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bonusfinder DE

Bonusfinder DE

Review · Visit
Bspin

Bspin

Review · Visit
Wolf Bet

Wolf Bet

Review · Visit

Top Sportsbooks

1xBit

1xBit

Review · Visit

Press Releases

What Will Happen to Oil Production and Distribution in 2021, and How Can You Make a Profit on It

February 28, 2021

Bitcoin Gaming Platform FreeBitco.in Acquires 3.75 Billion FUN Tokens

February 26, 2021

60-Minute IFO, 187 Times Over-Raised, 40 Times the Price, 98 Million US Dollar Marketcap: Berry Data Has Become a Bright Star on BSC

February 26, 2021

Newsletter Signup


ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Auto Trading Software ▸

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2020 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Trade
  • Gamble +

© 2020 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.