One of the words leading cryptocurrencies, Cardano (ADA) has made its mark with its proactive team which has developed ADA into a world-renowned brand in the crypto market.
In the recent past, there has been a lot of hype created after the development update of the Shelley release and is worthy of a project that Cardano has brought forward. After a successful hard fork by the end of March, the Shelley upgrade was well on its way but now it seems to slow down a little bit.
IOHK has been criticized on delaying the project, but Hoskinson added that in industries when the R’n’D phase comes around it takes a bit of time; the key is to look at the outcomes and end result of the project.
When bigger firms work on a new and bigger project, delays often come and they could not achieve their specified task in the given time period. It happens due to further working on the project, lack of experts, lack of technology. But, in the case of Cardano’s Shelley project, it’s just that they are working further in depth on this project.
The reason for Shelley update being slowed down is given that fact that the research has been taken to the next level in the network’s evolution. Charles Hoskinson in an interview on YouTube stated that there are more than 50 full-time engineers that are working on the Shelley project. They are currently working on the project to make it fully decentralized and add transitioning to the proof-of-stake consensus.
Why has Shelley been praised a lot in the cryptosphere, what is the key feature that makes it so special? The key aspect it that it will take Cardano more towards decentralization and this would help Cardano to become even much stronger blockchain platform because ADA is the first provable proof-of-stake (PoS) blockchain. This might not look as big as it is but it really matters and after Shelley project is completed and fully integrated into the Cardano (ADA) system, it would become one of the most secure PoS blockchains in the market.
As Cardano will move close towards decentralization, it will become more censorship resistant and this will be a center of attraction for the Dapp developers. Giving much more opportunity to the Dapp developers to work freely in such a healthy space.
Essentially, Cardano (ADA) is possibly moving in the upwards direction in the long run. It not just Shelley that will take it high in the market, but their various features that make Cardano a strong asset. A dedicated team with experienced engineers across the globe. For the investors, the key point is that they stay patient. Things are going to chance and bigger opportunities will come but it will take some time. But despite all these ups and downs in the market, Cardano is worth of a project to be invested in.