Today, July 29, the scheduled Shelley hard fork will take place on the Cardano network (ADA).
Cardano Founder CharlesHoskinson gives an extremely optimistic forecast for the future of his cryptocurrency. According to him, in exactly one year, hundreds of tokens will be issued on the Cardano network and thousands of applications will be developed.
The current and upcoming Cardano updates are named after two famous poets – Percy Shelley and Lord Byron.And while the two poets were friends in the real world, in the Cardano world, they will only meet for a second on July 29 at 21:44:51 UTC, after which the Byron era will beis over, and Shelley's time will come.
One of the major changes after the hard forkaccess to ADA staking. Following Hoskinson's recent announcement that the network is ready to launch the update, the ADA price soared 60%. As of this writing, the asset is trading just above $ 0.14.
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Based on materialscointelegraph.com
