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Shelley and the other important news from the Cardano Virtual Summit


IOHK revealed some news about the Cardano project at the Cardano Virtual Summit.

First, the release of the update called Shelley, which will make Cardano's blockchain more decentralized than, say, the Bitcoin blockchain, and will be able to scale to support large volumes of transactions.

In fact, starting July 7, 2020, users will be able to start interacting with the main network and will be able to start betting ADA tokens thanks to the new Daedalus wallet.

This will be the first full version of the main Shelley network, with all the key features. The goal is to stick to the roadmap and carry out the Shelley hard fork on July 29.

IOHK Product Manager, Aparna Thu, said:

“The team has worked hard to ensure that Shelley is implemented successfully and on time. We are excited to continue to deliver on our promises and to have the community join us every step of the way. ”

The CEO of IOHK, Charles Hoskinsonadded:

"The community has always been central to Cardano development, which is why we are excited to enter a new phase of the blockchain, with users more capable than ever to participate and shape the network."

Other news from the Cardano Summit

In addition to these important announcements, other developments were also presented during the Summit.

For example, the launch of Atala PRISM, a decentralized identity system with the potential to give millions of people autonomous identities and access to a blockchain-based financial and social services market. This system is being tested in Ethiopia.

He Atlas project Also presented, a project that will allow Cardano users to exchange funds, vote or manage their digital identity in an optimized experience.

Another presentation included the Catalyst project, a new governance model based on the next update called Voltaire that will give ADA owners the power to vote on Cardano's future development thanks to research on democratic models and social experiments to define new models of community consensus. to achieve a fully decentralized fund management system.

Finally, IOHK also announced that it will launch a $ 20 million Cardano ecosystem fund, in collaboration with Wave Financial Group, the first venture capital fund to support the adoption of IOHK's blockchain platforms, including Cardano, of course.

This fund will invest globally with an average investment size between $ 250,000 and $ 500,000.

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