The incentivised testnet, which marks the start of Cardano’s decentralisation phase, faced some difficulties during its initial launch – which Hoskinson has described as a “learning experience”.
However, he also shared how the team responsible for delivering the first iteration of the testnet had been working tirelessly for “four months straight”, and explained that after stabilising the initial testnet, the team members had taken a well-needed vacation.
As a result, known issues and bugs in the testnet were not addressed until after the festive season had ended.
Taking to Twitter, Hoskinson wrote:
Everyone is back at work after a few weeks for the holidays. The Rust team should deliver a network patch for the ITN sometime this upcoming week. And then business as usual with lots of weekly production. Thanks for your patience throughout the holidays.
— Charles Hoskinson (@IOHK_Charles) January 12, 2020
“We must have competitive offerings within the Cardano ecosystem for those who wish to issue assets, and a compelling reason why our ledger is a better ledger to issue tokens. We’ve had numerous discussions with those who have ERC-20 tokens, and we have some very good ideas to make Cardano uniquely competitive.”
Also on the agenda is bringing oracle providers and data providers to the Cardano blockchain, with Hoskinson referencing the success of Chainlink and the need for an oracle standard for Cardano.
Many users reported issues with the Shelley incentivised testnet, including lengthy blockchain syncing times, poor incentives for smaller pool operators, and pool operators who were cheating the system for profit.
However, during his latest video, Hoskinson was quick to point out that the entire purpose of an incentivised testnet was to catch bugs and misuse of the protocol ahead of a full live launch, and such events were to be expected.
Hoskinson concluded by sharing that the last upgrades to Shelley were imminent ahead of the launch of the fully decentralised mainnet.
Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.