Cardano (ADA) Shelley Testnet to Open Tomorrow, Stake Pool Operators Invited

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Mon, 06/08/2020 - 10:49
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Vladislav Sopov
Tim Harrison, Marketing and Communications Director of the IOHK Team behind the Cardano (ADA) blockchain has explained why this is different from previous testnet phases
Cardano (ADA) Shelley Testnet to Open Tomorrow, Stake Pool Operators Invited
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According to the official announcement of Mr. Harrison, everyone can join the process of public testing and try the mechanism of staking.

From open testnet in June to mainnet in August

Mr. Harrison summarized the feedback of the Friends&Family testnet that is close to its end. He highlighted that the crew of participants was limited and consisted of a 'hand-picked group of experienced stakeholders'.

Cardano (ADA) mainnet launches tomorrow
Image via Twitter

These high-skilled enthusiasts refined the documentation, suggested improvements to the staking functionality and assisted in on-boarding new stakers.

Mr. Harrison spoke about 50 pioneers who created the 'professional community' around Cardano (ADA) test staking. So, now is the right time to start a new phase of project testing, its open testnet.

Everyone capable of launching and maintaining the staking pool is welcome to do so starting tomorrow, June 9th, 2020.

What's on the menu of public testing?

First of all, the participants of opened testing will be required to download the documentation from the official Cardano testnets web page. 

Specifically, the Cardano (ADA) team will welcome the efforts of the Intencivized Testnet (ITN) participants. But the set of duties will be different, Mr. Harrison warns.

He also emphasized that the following weeks will be busy for Cardano (ADA) testnet participants as they will be disclosing bugs and reporting on them. Cardano (ADA) tokenholders are not yet required to do anything as 'their time will come a little bit later'.

Shelley is the decentralized stage of Cardano (ADA) network development. It will include the possibility of delegated staking with rewards in ADA.

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About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

2,500,000 Ethers Locked in Ethereum 2.0 Deposit Contract as ETH Rejected From $1,250

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Fri, 01/15/2021 - 18:02
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Vladislav Sopov
Ethereum 2.0 enthusiasts deposited whopping sum in its contract launched six weeks ago
2,500,000 Ethers Locked in Ethereum 2.0 Deposit Contract as ETH Rejected From $1,250
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While crypto markets are trying to get out of the most painful correction in this bullish cycle, the Ethereum 2.0 deposit contract accomplishes another crucial milestone.

ETH2 deposit contract surpasses $3,000,000,000 level

According to leading Ethereum network observer Etherscan, the Ethereum 2.0 deposit contract (0x00000000219ab540356cBB839Cbe05303d7705Fa) allocated more than 2.5 million Ethers. New 32-ETH stakes are transferred to it every minute.

ETH2 deposit contract breaks above $3B
Image by Etherscan

As the correction of the Ethereum (ETH) price ended, ETH is changing hands at $1,225: the $1,250 level was too difficult for bulls to conquer. Meanwhile, even at press time, it is worth almost $40,000 to join the club of Ethereum 2.0 stakers.

Therefore, the USD-denominated value of assets locked in the contract surpassed $3 billion for the first time ever and keeps surging.

It should be noted that Ethereum 2.0’s deposit contract went live on Dec. 1, 2020, heralding the start of ETH2 Pase Zero or Beacon Chain, the inaugural stage of Ethereum 2.0.

Ethereum 2.0 “entry tickets” become really expensive

At press time, more than 52,267 addresses transferred money to the deposit contract.

Ironically, Black Thursday in Crypto (March 13, 2020) was the most convenient time to join Ethereum 2.0 staking with Ether at $95. Today, Ethereum (ETH) enthusiasts should pay 13 times more to have a minimum amount of Ethers required for staking.

Ethereum 2.0 is a proof of stake (PoS) iteration of the Ethereum (ETH) protocol. It replaces mining by staking and splits the whole Ethereum (ETH) network into several interconnected sub-chains (shards).

According to Staking Rewards analytical dashboard, annualized rewards for ETH staking are estimated between 10.4 and 10.6 percent.

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About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)