HomeBlockchainCardano: the Shelley hard fork is here

Cardano: the Shelley hard fork is here

Yesterday Charles Hoskinson confirmed that Cardano’s Shelley hard fork will take place today, Wednesday, July 29th, 2020. 

Hoskinson is the founder of Cardano, as well as co-founder of Ethereum, and is now the CEO of the company IOHK (Input Output Hong Kong), which he founded together with Jeremy Wood and which focuses on the development of the Cardano project. 

With a short live broadcast on periscope yesterday Hoskinson confirmed today’s date for the launch of the Shelley hard fork on the Cardano mainnet, after several months of testing. 

The testnet was in fact launched in December last year, and now everything is ready to bring Shelley on the mainnet

After the launch, Hoskinson anticipates that August will be the month in which the upgrade “will be digested”, and it will be used to fix any bugs that the team may have missed on the testnet.

In the meantime, the Voltaire team will continue to work on further network developments, specifically on the process of registration that will allow people to test the voting system that will be used by Cardano’s new governance model. 

Voltaire is the last step of the project roadmap and will be instrumental in making the platform completely decentralized and autonomous, following the updates after Shelley, i.e. Goguen and Basho.

Unlike the team that worked on Shelley, including Hoskinson himself, who will go on vacation after the hard fork, Voltaire’s team will continue to work without a break. More news will be announced tomorrow during the customary end-of-month update.

Shelley: the future of the Cardano hard fork 

Another team that will continue to operate is the one in charge of monitoring the mainnet. In fact, according to Hoskinson, although the upgrade has passed all the tests, when it goes live there may also be unforeseen events that require continuous monitoring. 

Hoskinson says that by next year there will be hundreds of native tokens, thousands of dApps and many developers within the new Cardano ecosystem. There are many things yet to be done because:

“This is about alienating ourselves from the battle of the titans of 2021”.

Once the hard fork is successfully completed, work will begin on the strategy for the next era of Cardano, Goguen. There will be a new summit that will focus on refining this strategy, consolidating investment, and promoting its benefits. 

In addition, the core Shelley team will merge with the Plutus team, and the two teams will work on the extended UTXO model, multi-sig and other things. 

Marco Cavicchioli
Marco Cavicchioli
Born in 1975, Marco has been the first to talk about Bitcoin on YouTube in Italy. He founded ilBitcoin.news and the Facebook group" Bitcoin Italia (open and without scam) ".