IOHK revealed that it has completed the last phase of the Byron code for Cardano 1.4 and that little work is left to enable the smooth transition from Cardano 1.4 to Cardano 1.5 which would subsequently lead to the Cardano Shelley era. After weeks of anticipation, IOHK finally revealed the specifications for Shelley during the IOHK Summit 2019.
According to the specifications, Shelley will make the Cardano blockchain 100% decentralized. This is something that many other blockchains have been unable to achieve. With Cardano Shelley, power over the ledger will be handed over to the community through staking pools.
Cardano Shelley comes with three things
Shelley was supposed to be fully integrated in the 3rd quarter of 2018. However, the deadline was extended to this year and it is the biggest thing that has happened on the Cardano blockchain yet. Cardano Shelley is phase two on the roadmap just after Byron. The Cardano Shelley comes with three things as seen on the Cardano development website;
“Incentives: Provides stakeholders with monetary incentives to ensure that the system runs smoothly
Delegation: Allows stakeholders to delegate their right and obligation to sign blocks to a third party
Networking: Provides network infrastructure to support decentralization”.
After the Cardano Shelley is implemented, the team will introduce the Cardano Improvement Proposals which would come with a built-in voting system.
Cardano Price Prediction 2019 – Cardano Price Prediction 2020
Members of the Cardano community have put all their hopes on Cardano Shelley and for good reason. Just after the release of the Cardano Shelley roadmap, the Cardano price prediction 2019 and Cardano price prediction 2020 became extremely bullish. The price of Cardano at the time of the release was also bullish amid a bear market. Since then, everyone has been wondering how the Cardano Shelley upgrade is going to change the game for Cardano and ADA.
Cardano (ADA) Price Today – ADA / USD
According to our previous Cardano ADA news, the price of Cardano is going to be bullish in May and beyond. While there are many other strong fundamentals and technicals that suggest a bullish Cardano price prediction 2019 and Cardano price prediction 2020, the most obvious one is the Cardano Shelley. Having a blockchain that is 100% decentralized is a big deal. With Shelley, the Cardano blockchain can help its community members completely breakout from the shackles of centralized institutions.
Cardano Will be the “Ethereum Killer” with Shelley
It would also give Cardano an edge over Ethereum. Some analysts have suggested that Shelley is going to make Cardano a threat to Ethereum. If will finally be worthy of being referred to as an “Ethereum Killer”. Taking over Ethereum and becoming the leading decentralized computer is certainly going to have a positive effect on the Cardano price prediction 2019, Cardano price prediction 2020 and beyond.
Cardano (ADA) Price Analysis: Cardano will go past 3 USD by the end of 2019
The value of each Cardano coin is being traded around 0.07 USD now. The value is under price correction stage and it is surely going to inflate in the coming times. The next resistance should be at 0.092 USD. From there it might face some days of low growth to bounce back. The long term and medium-term outlook are bullish. According to the latest Cardano ADA analysis on cryptonewsz; Cardano will go past 3 USD by the end of 2019. 2020 prediction also seems bullish. The value may reach as high as 7 USD.
As the value of Cardano (ADA) is at its lowest level, short term investors should consider buying it now. Locking positions now can give them huge profits over a months’ period. Long term investors can get a profit yield of 4 times the value of their current investment if they stick to their holdings till 2020. Patience is the key here for Cardano (ADA) holders.
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