Crypto

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. 

Related Post

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. 

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

Ethereum Names Its Post-Glamsterdam 2026 Upgrade: Hegota

Ethereum developers have officially named the network’s post-Glamsterdam 2026 upgrade Hegota. The name merges two…

2 days ago

TRON Integrates With Kalshi, Bringing TRX and USDT to the World’s Largest Prediction Market

TRON is pushing deeper into real-world financial infrastructure. TRON has announced that Kalshi, the world’s…

2 days ago

Former Pump.fun Developer Sentenced to Six Years After $2M SOL Heist

The “crypto Robin Hood” story has reached its legal end. A London court has sentenced…

2 days ago

NEAR Goes Live on Solana as Cross-Chain Trading and AI Ambitions Accelerate

$NEAR is now live on Solana. And the implications go far beyond a simple token…

3 days ago

Bitcoin Rips to $90K, Then Slips as Leverage and Supply Collide

Bitcoin moved fast. Then it pulled back just as quickly. A sudden surge pushed BTC…

3 days ago

Hyperliquid Proposes 37M HYPE Burn as Validators Prepare to Vote

Hyperliquid is facing one of its most consequential governance moments yet. A proposal now before…

4 days ago