The price of Cardano rose by 60% after Charles Hoskinson announced the imminent launch of the Shelley update.
As reportedearlier, the Shelley update will be deployed in three phases from June 30 to July 7. According to Hoskinson, this is the largest change in the protocol in the history of all blockchain projects:
It's like the Ripple network has changed the consensus protocol. Not a single cryptocurrency did this after the network was already launched.
Against the background of the upcoming update, the price of the asset soared from $0.055 to $0.088, and trading volumes increased almost fourfold.
Shelley is currently being tested on the ITN test network, to which more than 1,200 node operators have already connected.
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Based on materialscointelegraph.com
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