- Shelley update expected before the end of Q1 2019
- Cardano has invested heavily in technology for the upcoming update
- Shelley update could bring a flood of ADA’s adoption rate
Cardano (ADA)’s eagerly awaited Shelley update is expected before the end of Q1 2019. The Shelley Update is expected to introduce the latest network updates including a fully decentralized network.
Heavy Investment in Technology
Cardano (ADA), just like the other cryptocurrencies, started the year 2019 on a bearish note by losing some ground as it tries to push towards a critical support level, in keeping with the market trend spilling over from 2018.
Cardano has also been rather silent compared to other leading cryptocurrencies that are not sparing a cent in matters advertising hoping for a good return on investment. The organization is investing heavily in its technology, making it the most worked on crypto project of 2018.
The project has promised to bring the latest innovative solutions to decentralization as we know it via the eagerly awaited Shelley update. The next stage comes after the Byron stage and is expected to bring a fresh breathe of life into crypto space, which includes a totally decentralized network besides staking ad delegation to the Cardano blockchain. On Shelley, the company states:
“Progress is being made on the network generalization work for typed protocol definitions. Requirements have been analyzed for the peer discover layer and the team are investigating an in-house solution.”
Expect Rise in Value
The Byron stage, which preceded the Shelley update, introduced a somewhat rudimentary interaction within the network. Shelley now promises to add a feature-filled robust platform that is likely to attract more developers into the platform. By introducing what may be called a social aspect, Cardano expects to attract more enthusiastic investors that could make the network as fair as possible.
The Shelley venture has been dedicated to improving the foundational technology and ensures the network becomes 100 percent decentralized. Once this is completed, it is widely expected that the value of the company will respond positively and rise following the launch.
Among the key features of the Shelley update includes the introduction of the “Open Ouroboros Delegation” which the blockchain is presently implementing in code other important features are the multi-signature transactions, light client support, quantum-resistant transactions, and world-class user-friendliness improvements aka “human-friendly addresses.”
Cardano’s overall Outlook
According to Hoskinson, Cardano’s founder who was a co-founder of Ethereum, 95 percent of ADA cryptocurrency is owned by the Japanese; hence the title “the Ethereum of Japan, is likely to flood the market in 2019.
Experts believe the Shelley update will reveal the real value of Cardano (ADA) and cause its meteoric rise as individuals and institutions begin its adoption. It is highly expected that the release of the Shelley Update, which should be anytime soon, will bring a flood of adoption and the coin’s ultimate success.