Cardano News: Incentivezed Testnet Is Fully Up And Running

Cardano was recently in the spotlight when Weiss ratings compared the project to EOS.

“Cardano is clearly superior to #EOS. EOS was first to market, but it’s becoming increasingly clear that of the two, Cardano is vastly superior…” says Weiss Ratings agency.

Other than that, Charles Hoskinson said that the platform is preparing for a massive marketing move in 2020.

More than that, it’s been revealed that Hoskinson is also promoting a low-power prototype that could help power the network with just a small amount of energy, according to the latest reports.

After revealing the news on Twitter, Hoskinson received a lot of great feedback from users on social media who praised the initiative.

IOHK says the incentivized testnet is up and running

IOHK, the company behind Cardano, says its incentivized testnet is fully up and running

The testnet allows holders of Cardano’s native crypto asset ADA to help power the network and earn rewards in return.

“The Incentivized Testnet allows us to test something our earlier testnets couldn’t: real behavior – and real behavior requires real rewards. On the Incentivized Testnet, ada holders can participate in the network and earn real ada through stake delegation or operating a stake pool,” according to official notes.

The team also highlighted the fact that they are building a decentralized network of globally distributed participants.

The notes continued and say that “The information gathered from the Incentivized Testnet will be crucial in creating a fair and balanced incentive mechanism, which will ensure reliable and honest network participation long into the future.”

Cardano in the crypto market

Regarding prices, ADA is trading in the green today, and the coin is placed on the 13th position on CMC.

At the moment of writing this article, ADA is priced at $0.034350.

Despite the huge volatility, there have been a lot of optimistic predictions regarding prices for the digital assets lately.


Companies Mentioned

CoinMarketCap
CoinMarketCap

CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.

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Eduard Watson Author

An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.

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