Week 11: W/E 6th September 2019
Hi everybody,
Regular readers will spot the difference right away. Our rollup is a bit different this week.
Last week in Colorado, the testnet team met up to review our progress to date, and nail down the plan for the next phases of the Shelley testnet. This week, we’ve regrouped to digest everything that was discussed, nail down our actions and start to put everything into motion. And today we’ve published an update over on the IOHK blog.
Exciting times ahead. Find out more:
See you next week!
Thanks
The Stakepool Testing team
P.S. Remember, for the very latest technical updates you can follow all the commits and pull requests in the community GitHub. If you are not already part of the conversation, you’ll find a hive of activity over at the stake pool Best Practice Telegram. With over 2,200 members and loads of engaged users, this is a great resource for anyone interested in contributing to the program. Continued thanks to everyone from the community, especially our amazing Ambassadors.
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That is an amazing news from the blog post!
"In reality, this is more than a testnet. Instead, it will effectively be a replica of the Cardano mainnet. We will take a UTXO snapshot of the mainnet state and migrate it to the testnet, offering Shelley era functionality within a controlled, sandboxed environment. This will be different from a typical testnet, however, since it will offer real rewards for delegating your ada stake. Jörmungandr will be decentralized, and users will be able to create stake pools or delegate their stake to a stake pool and collect their rewards. We’ll be sure to bring you further details of how this will all work a little further down the line.
Once we are happy the protocol is stable enough to survive the harsh competition of the real world, we will merge the incentivized testnet rewards back into the Cardano mainnet. All the rewards generated during the Jörmungandr incentivized testnet will become real, live, spendable ada on the Cardano mainnet (so don’t lose the mnemonics of your stake keys!). Doing it this way will give us a realistic test of how the incentives model drives stakeholder and stake pool behavior, not to mention that stakeholders will be able to start getting rewards for holding their ada."
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