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Shelley Upgrade Getting Ready On Cardano

Shelley Upgrade Getting Ready On Cardano
Breaking News / Cryptocoins / Cardano / Crypto Market

Cardano is one of the biggest cryptocurrencies in the space at the moment. The team have released the 1.5 version earlier this week which is a key step towards its highly anticipated Shelley release. It is getting closer to ditching cryptocurrency miners and running as a proof of stake blockchain.

The latest version introduces a large volume of changes aimed at smoothing over the transition from its current state, dubbed as Byron, towards Shelley which fans have been anxiously awaiting. As well as other things, the Shelley upgrade which will integrate a new consensus protocol, Ouroboros BFT which assists the cryptocurrency guard against 51 percent attacks.

Although the new upgrade protocol won’t be implemented straight away, Cardano has said that the protocol will technically be implemented along with a hard fork but it will be executed in a “smooth and automatic way”.

As well as moving Cardano towards the Shelley protocol, version 1.5 has brought in some new features. This includes some changes to the UX in addition to providing better information about the amount of disk space required to run a Cardano node.

Although despite making slow and steady progress, Cardano still hasn’t been listed on Coinbase, one of the biggest crypto exchanges in the United States. Although this should spark some hope in Cardano investors as the token was listed as a potential cryptocurrency by Coinbase. Although new listing by Coinbase has got a history of boosting the price of the newly added cryptocurrency, XRP and Stellar’s recent listing on the platform didn’t do much for the price. In fact, they only experienced minor gains following the announcement of a listing.

Cardano is still continuing to make moves despite the continuous grip of the bears. With the upcoming Shelley update on the horizon for Cardano, could Coinbase be getting ready to list the cryptocurrency in the near future? One can only hope.

According to CoinMarketCap, Cardano is currently priced at $0.05 following a 4.50 percent increase over the past 24 hours. The market cap for Cardano is currently $1,420,878,207 at the current time of writing.

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