cryptocurrency market

Cardano Prepares to Incentivize Shelley Testnet Users


Cardano is one of the many blockchain projects on the market today. To further engage users in helping them to experiment with the testnet, an incentive programme will be launched fairly soon. 

It is rather uncommon to incentivize users who participate in a blockchain testnet. 

A new era for Cardano

After all, the purpose of this testnet is to experiment with new technologies, which is a reward in its own right. 

For Cardano, things are done a bit differently. The team has confirmed the incentivized testnet will launch in the very near future.

As the Cardano developers prepare to introduce the Shelley upgrade, a new era dawns upon the project. 

Collecting as much user feedback as possible will be crucial to advance the ecosystem as a whole.

This incentivized testnet is also a big step toward further decentralizing the network. It will “test” the viability of incentivization in a real-world context. 

Current holders of the ADA cryptocurrency will be eligible to earn rewards. This can be achieved by either delegating their stake or running a stake pool. 

Interested parties will need to follow the proper instructions to become eligible, however. 

For the time being, both the Daedalus and Yoroi wallet are compatible with this initiative. 

Users sending funds to either wallet type will be able to get a more hands-on experience with what is yet to come. 

Launching this new initiative at this time is an interesting decision. the developers want to ensure the future vision they have in mind can be implemented correctly. 

As the incentivized testnet balance snapshots will be taken tomorrow, the team can begin experimenting fairly quickly.  

The results of this new testnet phase will become apparent in the coming weeks. 

Image(s): Shutterstock.com





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