- Incentivized Testnet expected in a few weeks
- Users will earn real ADA rewards
- The firm will launch an easy-to-use page
Cardano users will from this November earn real ADA awards once staking is moved to the real mainnet after Shelley is officially rolled out. The incentivized testnet of Shelley is set to be rolled out this November.
Testing With Actual Users
IOHK CEO Charles Hoskinson made the announcement while speaking at the Cardano Summit Bulgaria recently saying all plans were on track for the November launch of the incentivized Testnet. He said the staking protocol is a continuation of the work done for the Shelley phase, which was successfully launched last Wednesday, October 23, 2019, adding that the next step was to begin testing it with actual users. Hoskinson explained:
“It’s a nice little sandbox…just like Cardano […] the only difference is you can register as a stake pool, you can delegate, you’ll have all the interfaces to start actually staking.”
Cardano’s Senior Product Manager David Esser added:
“We’re basically having a dry run across many different; in many different environments […] it’s the beginning of Shelley, where there are real rewards.”
Earn Real ADA Rewards
IOHK made the announcement after teasing users about an incentivized testnet as the next iteration of the blockchain. Cardano has remained to be a research-oriented blockchain which has become the butt of jokes in the blockchain community because of its slow development process but which seems to have changed following the celebration of its second birthday early this month.
The firm launched a testnet for Shelley earlier this year ushering in a new ear for the Cardano blockchain, which now all is set for a November Launch. Cardano’s Senior Product Manager Dynal Patel added in the blog post that users who join the incentivized testnet will all earn real ADA rewards. The post stated:
“This marks an acceleration in the Shelley testnet, and in Cardano’s development.”
No Technical Skills Required
As per the blog post, all ADA holders are eligible to take part since the testnet is an actual blockchain, and the ADA staked on the incentivized testnet will be the actual cryptocurrency. The firm plans to take a snapshot of the Cardano network in the next few months and users who have ADA in either a Daedulus or Yoroi wallet will have their balances ported over onto testnet. Saying that users don’t require any technical skills to run a stake, Patel said only some technical know-how is required. He explained:
“Stake pool operators should be comfortable with command-line interfaces and have some system operation and server administration skills.”
While they have set no date for the November launch, users can calculate the approximate rewards for delegating and operating stake pools on a tool that will be on the firm’s dedicated web page.