Cardano (ADA) project made important announcements last day. Updates in the coming days are expected to add value to the value of the network. Maybe the ADA can put itself back in the top 10 crypto.
The first development of the project came from Emurgo, the supporting arm of the project. Emurgo supports projects related to ADA and tries to expand Cardano Blockchain. Emurgo recently opened the Blockchain Academy in India and shortly thereafter launched the new website. Emurgo's steps may not directly affect ADA, but show that he has a strong investment and confidence in the Cardano project.
As of yesterday, Cardano Byron has come to the final stage of development and released the new wallet application on the test network. When the tests are completed, the Byron phase will be completed and the new phase will be changed. Cardano's long-awaited development, Shelley, will begin work. In fact, improvements took longer than expected. Management problems and problems have emerged in the Cardano Foundation and a manager has resigned.
The Cardano network with Shelley will begin to carry PoS consensus features. This feature (Ouroboros BFT), which will make the network completely decentralized, will also enable ADA owners to win awards from the transaction fees for their tokens by staking the network. Token donation to the network can attract new investors to the Cardano project.
It is difficult to predict when Shelley is completed, but it is possible to say that improvements have been accelerated after the management changes. For example, the storage space required for the Daedalus wallet has been greatly reduced and new users have been facilitated to make block synchronization.