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Shelley main net is just around the corner for Cardano

Shelley main net is just around the corner for Cardano
  • The well-known crypto, Cardano went live in March with its Byron reboot. 
  • This update was intended to pave the way for the Shelley main net. 
  • However, there were components that were included in the Byron stage as the reboot involved a series of updates for the network.

The well-known cryptocurrency and blockchain, Cardano went live in March with its Byron reboot. This update was intended to pave the way for the highly anticipated Shelley main net. However, there were many components that were included in the Byron stage as the reboot involved a series of updates for the network which have allegedly taken 18 months.

The project created its first block in the Shelley blockchain during its private Beta which helped bring the network a step closer to launching its main net.

The CEO of the project and network, Charles Hoskinson recently took to Twitter to confirm the report in regards to the first block creation. He went on to say that the block was created within the so-called friends and family stage of the indoctrination for the Shelley era.

Reports surfaced saying that the Byron reboot would have three key components and new consensus mechanisms including Daedalus wallet updates. The reboot was released in phases with the first block being the first phase as it was a closed test rollout. This was quickly followed by a hybrid phase which meant that users were allowed to upgrade from the initial Byron blockchain to the anticipated upgrade, Shelley.

The new Shelley main that will be set and allow users to look in their coins on the network which will class them as collateral. Users will also be able to receive rewards for looking in their coins and also maintaining the Cardano network.

It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!

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