Cardano hits over 500 staking pools after Shelley mainnet launch
Last Updated on 1 August 2020 by CryptoTips.eu
Since the launch of the new Shelley upgrade of Cardano, more than 500 new ADA staking pools have been created on its blockchain.
IOG pools are up pic.twitter.com/LqlXNqDemQ
— Charles Hoskinson (@IOHK_Charles) August 1, 2020
No one has their position secured in the crypto world. It doesn’t matter how big your project, company or cryptocurrency is. Within the community there will be dozens of people working to compete with you and try to beat you.
Ethereum and Tron, the top virtual currencies in the decentralized app sector, now face fierce competition from Cardano.
Cardano’s development
In the past few days, there hasn’t been a cryptocurrency that has generated more news than Cardano’s ADA.
Well, the project founded by Charles Hoskinson has implemented a new version of its blockchain, Shelley. Which has brought several new features to its operation, including programmed staking and a new wallet with greater technical capabilities.
Shelley arrives just as the other two major cryptocurrencies in the decentralized apps and smart contracts industry, Tron and Ethereum, are in the midst of launching their new versions.
With which they seek, in the case of ETH, to consolidate their leadership in this sector of the crypto world. While Tron seeks to conquer first place currently in possession of Ethereum.
In recent days, more than 500 Cardano mining pools were created
Since the formal implementation of Shelley within Cardano, the number of mining pools created for staking has exceeded 500.
This sharp increase in interest from the crypto community in Cardano comes just days after Charles Hoskinson posted a tweet commenting on his prospects for the ADA’s future.
This time next year I predict there will be hundreds of assets running on Cardano, thousands of DApps, tons of interesting projects and lots of unique use and utility. 2021 is going to be so much fun watching Cardano grow and evolve. The community is definitely ready to innovate
— Charles Hoskinson (@IOHK_Charles) July 26, 2020
He also revealed that he hopes that the number of decentralized applications and projects on the Cardano Blockchain will not stop increasing in the coming year.
If the momentum seen in the birth of these new staking pools continues, there is no doubt that Cardano will be able to face Ethereum and Tron in the medium term.
Presenting itself as a viable option for creating decentralized applications within the crypto world Cardano can thrive in this competitive sector. The Cardano price did not react to this bullish news.
