Cardano (ADA): A New Cryptocurrency and More

[naska21]

SNAPSHOT DATE: 29th of November!

If  only the second snapshots matters, there is no use to move right now the testnet ADA to Rewards wallet as Daedalus Incentivized wallet suggests, right?

[1713892767]

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[1713892767]

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[1713892767]

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[1713892767]

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[Raja_MBZ]

SNAPSHOT DATE: 29th of November!

If  only the second snapshots matters, there is no use to move right now the testnet ADA to Rewards wallet as Daedalus Incentivized wallet suggests, right?

Yes, the current testnet ADA coins have no value and are only for balance check.

The ADA balance derived from the second snapshot is the real deal.

[mich]

Cardano’s balance check issue completely resolved: IOHK’s Charles Hoskinson

Recently, Cardano rolled out its first snapshot as well as balance check. However, the platform soon received several complaints from its users regarding the same. During a recent Ask Me Anything [AMA] session, IOHK’s Charles Hoskinson elaborated on how users restored their balance after encountering an incorrect balance.

https://eng.ambcrypto.com/cardanos-balance-check-issue-completely-resolved-iohks-charles-hoskinson/

[Raja_MBZ]

Incentivized Testnet update: balance snapshot, wallets, and rewards

https://iohk.io/en/blog/posts/2019/11/27/incentivized-testnet-update-balance-snapshot-wallets-and-rewards/

[naska21]

In the context of the coming snapshot  "the-how-to" on  installation of  Daedalus wallet (for Incentives Testnet) with  database to be held on external drive   has been added  to relevant topic.  Look at task #3 over there.

[Raja_MBZ]

According to Charles:

The snapshot will take place tomorrow at epoch 159, slot 6886. Have your ada in daedalus or yoroi during that time.

Shelley Incentivized Testnet - your top FAQs answered

https://www.youtube.com/watch?v=6QL8pSZbO2c

[mich]

Cardano Foundation and COTI Release AdaPay

Cardano Foundation and COTI released AdaPay, a solution allowing merchants to accept ADA and receive fiat on their bank accounts.

https://cryptobriefing.com/cardano-foundation-coti-adapay/

[Raja_MBZ]

I never expected this much interest in the incentivized testnet:

https://twitter.com/kelleyllc/status/1200339249775751169

This is amazing!

[naska21]

I never expected this much interest in the incentivized testnet:

https://twitter.com/kelleyllc/status/1200339249775751169

This is amazing!

Let's see what happens next, people may move ADA back to exchanges after snapshot.

[Raja_MBZ]

I never expected this much interest in the incentivized testnet:

https://twitter.com/kelleyllc/status/1200339249775751169

This is amazing!

Let's see what happens next, people may move ADA back to exchanges after snapshot.

The snapshot was taken a couple of days back, and it seems like there hasn't been a big dump since then. It's quite interesting, as pretty much everybody expected a dump after snapshot but it didn't really happen on a notable scale.

[naska21]

From where I sit... now after the second snapshot there is no use in keeping of the balance-check-wallet and it can be removed, right?

[Raja_MBZ]

From where I sit... now after the second snapshot there is no use in keeping of the balance-check-wallet and it can be removed, right?

Correct!

New Daedalus and Yoroi wallets for incentivized testnet staking will be released in the next couple of days.

[mich]

Cardano’s Charles Hoskinson: If Things Go Right, We Should Have a Billion Users

The CEO said Cardano was built to be “a world financial operating system,” and with time if things go right, Cardano will have a billion users –its ideal usage.

https://newslogical.com/cardano-charles-hoskinson-says-if-things-go-right-we-should-have-a-billion-users/

[Raja_MBZ]

Another update against my expectation:

Explaining the Shelley Incentivized Testnet incentive model

https://iohk.io/en/blog/posts/2019/12/05/explaining-the-shelley-incentivized-testnet-incentive-model/

Incentivized Testnet rewards

The rewards for delegating stake or operating a stake pool on the Incentivized Testnet depend upon the percentage of network participation. An approximate 3.8 million ada will be awarded per epoch. If 50 percent of the network participates, then we estimate the annual return for delegation will be approximately 7 to 8 percent but could, if network participation is lower, be as high as 15 percent. A rewards calculator will be available soon on the Incentivized Testnet website which, in addition to other variables, will allow you to calculate approximate rewards relative to different levels of network participation.

I didn't expect the incentivized testnet staking rewards to be this big!

[mich]

Cardano’s Resilience: Staking Pool Processed over 1 Million ADA Transactions in Under 5 Hours

At a time when there are no official stake pools registered with Cardano, one aspiring pool, Unspent, has revealed that it helped process over 1 million ADA transactions in 4.13 hours in the latest stress test of Cardano Jormungandr v0.8.0-rc7 in anticipation of the Shelley Incentivized Testnet.

https://coingape.com/a-stake-pool-processes-over-1-million-cardano-ada-transactions-in-a-stress-test/

[miningguru]

Another update against my expectation:

Explaining the Shelley Incentivized Testnet incentive model

https://iohk.io/en/blog/posts/2019/12/05/explaining-the-shelley-incentivized-testnet-incentive-model/

Incentivized Testnet rewards

The rewards for delegating stake or operating a stake pool on the Incentivized Testnet depend upon the percentage of network participation. An approximate 3.8 million ada will be awarded per epoch. If 50 percent of the network participates, then we estimate the annual return for delegation will be approximately 7 to 8 percent but could, if network participation is lower, be as high as 15 percent. A rewards calculator will be available soon on the Incentivized Testnet website which, in addition to other variables, will allow you to calculate approximate rewards relative to different levels of network participation.

I didn't expect the incentivized testnet staking rewards to be this big!

Yes, you are right, but most of the people will surely a lot of interest towards ADA because we have seen some exceptional developments from the dev team and definitely many people will start allocating their funds for the best delegates, even the percentage seems to be very high.

[Piston Honda]

when moon?
cooos...it's taking forever
LOL

[naska21]

Another update against my expectation:

Explaining the Shelley Incentivized Testnet incentive model

https://iohk.io/en/blog/posts/2019/12/05/explaining-the-shelley-incentivized-testnet-incentive-model/

Incentivized Testnet rewards

The rewards for delegating stake or operating a stake pool on the Incentivized Testnet depend upon the percentage of network participation. An approximate 3.8 million ada will be awarded per epoch. If 50 percent of the network participates, then we estimate the annual return for delegation will be approximately 7 to 8 percent but could, if network participation is lower, be as high as 15 percent. A rewards calculator will be available soon on the Incentivized Testnet website which, in addition to other variables, will allow you to calculate approximate rewards relative to different levels of network participation.

I didn't expect the incentivized testnet staking rewards to be this big!

such reward is fit the rumors circulating nearly two moths and predicting 12 percent for staking on testnet, love it.

[quality.crypto]

Another update against my expectation:

Explaining the Shelley Incentivized Testnet incentive model

https://iohk.io/en/blog/posts/2019/12/05/explaining-the-shelley-incentivized-testnet-incentive-model/

Incentivized Testnet rewards

The rewards for delegating stake or operating a stake pool on the Incentivized Testnet depend upon the percentage of network participation. An approximate 3.8 million ada will be awarded per epoch. If 50 percent of the network participates, then we estimate the annual return for delegation will be approximately 7 to 8 percent but could, if network participation is lower, be as high as 15 percent. A rewards calculator will be available soon on the Incentivized Testnet website which, in addition to other variables, will allow you to calculate approximate rewards relative to different levels of network participation.

I didn't expect the incentivized testnet staking rewards to be this big!

such reward is fit the rumors circulating nearly two moths and predicting 12 percent for staking on testnet, love it.

During testnet the reward seems to be high and this will continue to decrease further, maybe when the people are allocating ADA coins to the delegates may decrease the staking percentage? Quitely we have seen many companies are decreasing the percentage when the allocating coins increases.

[mich]

Everything you need to know about Cardano’s Shelley incentivized testnet

With just days left until the incentivized testnet for Shelley is finally released, Cardano issued a detailed explanation of the incentive model employed in the testnet. While the model introduced to the testnet isn’t the final one, the company published details about the rewards users can expect in the following weeks.

https://cryptoslate.com/everything-you-need-to-know-about-cardanos-shelley-incentivized-testnet/