ADA to become decentralized with a move from Byron to Shelley

Byron? Shelley?

Those are just fancy names for phases of Cardano roadmap. ADA is centralized blockchain right now but that is scheduled to be changed in the next phase, named as previously mentioned, Shelley.

Cardano (ADA) entered this year, as most of other coins, bright and glossy, hitting all time highs and even reaching $1 mark. That meteoric rise followed with a sharp decline, again, tied with the whole crypto market downward trajectory. However, if we ignore the price and focus on tech and improvements, Cardano has been making giant strides of progress.

Exchange listings

Getting a coin listed on a major exchange usually leads to fast price surge and a cooling-off period afterwards which sees price going back to the starting point. Cardano got listed on Binance, one of the biggest crypto exchanges and in the follow up, also on CoinSwitch. CoinSwitch is an aggregator in partnership with major exchange platforms including, Bittrex and KuCoin. CoinSwitch lets users trade with the best prices on these platforms without needing to open separate accounts.

Weiss Ratings

Weiss Ratings – a 1971 established reputed rating agency for stocks, banks, ETFs, and mutual funds, listed Cardano and EOS in their top 3 cryptocurrencies to look out for. Back in January 2018, Weiss Ratings included cryptocurrencies to their rating portfolio and such stellar review gave a price boost to ADA. The Weiss team gave NEO the highest rating to-date; an A-. They have given cryptocurrency investors the first “graded” rubric to follow, to aid and guide potential investment.

Insights into Cardano Development: Past, Present and Future

“Insights into Cardano Development: Past, Present and Future” is the main topic of Cardano’s upcoming London meetup, scheduled for April 25th at the University College of London. This has a banner “interesting” written all over it, as the topic would be presented by the Director of Engineering at IOHK, Duncan Coutis.

 

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Future Developments

ADA team is an active one – general network architecture, ledger and exchanges are all being improved upon with a new API being set for release.

Cardano development team also expects that all the work related to the design and implementation of CSL-2405 add “feesIncluded” option to Transaction endpoints will be finished as well. The team has also been putting focus on the development of the asynchronous wallet restoration, a feature that has been reviewed and tested with success. The feature will be launched alongside Daedalus and other improvements.

Daedalus is a secure, multi-platform, HD (hierarchical deterministic) wallet for the Ada cryptocurrency

One of the most anticipated upgrades on the platform named Shelley is near – this is the second phase of Cardano roadmap that will make its blockchain actually decentralized. ADA is currently in Byron, the bootstrap phase, where they are making improvements and debugging the code.

After implementing Shelley phase, ADA is set out to introduce our Cardano Improvement Proposals, or CIPs with a built voting system, details of which will be released soon. Initially, IOHK will make all CIPs, there will, however, be an increasingly better mechanism for gaining consent for them.

Part of the ongoing projects is scientific research that has made possible a gradual shift from the lab to coding. This has facilitated the revision of Ouroboros and has also brought together game theorists as well as programming experts to try and identify new applications for the Cardano ADA network.

 

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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com

Rene Peters is editor-in-chief of CaptainAltcoin and is responsible for editorial planning and business development. After his training as an accountant, he studied diplomacy and economics and held various positions in one of the management consultancies and in couple of digital marketing agencies. He is particularly interested in the long-term implications of blockchain technology for politics, society and the economy.

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