Cardano Officially Confirms Shelly Testnet Will Be Available For Public Beta From June 9

Priyanka Kulkarni
Priyanka Kulkarni, post-graduated in Business Administration holds worthy experience in market research and investment banking. She is passionate to flaunt her perception towards cryptocurrencies.
  • Today, Cardano (ADA) officially confirmed that its Shelly testnet shall open for public beta on June 9. The Cardano team in the latest podcast revealed this information.
  •  It is a golden period for the ADA and its members. The majority of holders are buying ADA with the anticipation of the upcoming launch of Shelley.
  • With Hoskinson’s exciting disclosure, investor’s interest in ADA has increased considerably.

Today, Cardano (ADA) officially confirmed that its Shelly testnet shall open for public beta on June 9. The Cardano team in the latest podcast revealed this information. However, ADA has proposed to mortgage and commission mainnet at the end of this summer.

A New Phase For Cardano

The news was revealed by IOHK on Twitter saying Cardano is entering into a new phase.

Further, from tomorrow, the Shelley public testnet will be open for the operators who are looking to set up a Cardano stake pool.

Further, it is a golden period for ADA and its members. The majority of holders are buying ADA with the anticipation of the upcoming launch of Shelley.  Last month, Charles Hoskinson, the co-founder of Cardano disclosed the plan of the launch of Shelly. He, moreover, assured the Cardano investors that Shelly will officially go live before August 2020.

Investor’s Interest In Buying ADA

With Hoskinson’s exciting disclosure, investor’s interest in ADA has increased considerably. On June 3, 2020, the number of wallet address holding ADA beat an all-time high of 385.08k. Further, the anticipation is that the number will continue to increase as Shelly launch nears.

Besides this, Shelly is built to make the Cardano blockchain more decentralized. It enables ADA investors to stake coins and earn prominent interests.

As per Hoskinson, Shelly is the product build with years of academic research and development by the IOHK team. Finally, it is going to feature from tomorrow.

Cardano is flagged in the top 10 positions in terms of the largest cryptocurrency in the world. The market capitalization of Cardano (ADA) cites at $2.22 B, with a price of $0.085566 at press time.

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