Cardano’s Hoskinson teases roll-out of Cardano Commercially Critical Infrastructure

The migration of Shelley to the mainnet has been the talk of the Cardano community for some time now. This is a major milestone for the ecosystem since this era marks a period of growth and development for the Cardano network with its ultimate goal – to optimize decentralization.

IOHK CEO and Co-founder, Charles Hoskinson updated the community about the release of the latest version for Jormungandr 8.14. One of the crucial features in this version is the ability to “to retire a stake pool”. While a code to perform the same existed in the previous version as well, however, it was not easily possible to retire a stake pool. According to the GitHub page, this new version exposes a command-line option to create a stake pool retirement certificate.

Shelley ITN

Despite the fact that there are some milestones that Cardano needs to achieve before the Shelley migration, the IOHK exec is fairly positive about the launch and the development on the ITN side. He said,

“We have seen a massive decline in the amount of tickets over the last three weeks related to network issues and stability issues it seems like the ITN is finally starting to stabilize.”

IOHK had earlier put together weekly stats for Shelley ITN, according to which, the number of active stake pools increased to 770 active. Additionally, there were 1,147 registered pools, 67.13% were active pools while 81.51% were registered by the Cardano Foundation.

In terms of rewards and staking, IOHK revealed 16,520 active users on the platf0rm with a total delegated stake in the ITN amounting to 11.99 billion ADA.

The CCCI

In his latest AMA, Hoskinson also revealed that the Cardano ecosystem is going to roll out community-led funding called Cardano Commercially Critical Infrastructure [CCCI]. The CEO said,

“We are also starting to put together some dedicated funding for community-led construction of what we term to be Cardano Commercially Critical Infrastructure or CCCI. So CCCI are things that Cardano needs for it, in our view, to be competitive against other cryptocurrencies.”

He went on to reveal that the foundation will be making an official announcement about CCCI in the coming months. Additionally, Hoskinson also revealed that the Stake pool operators who are operating the Shelley incentivized testnet [ITN] would be formally introduced to the community since the roll-out of Shelley is on the cards. He said,

“I do have a request to the community, you’re a stake tool operator I think it’s about time that we start formally introducing state pool operators to the community because very soon we’re gonna be launching Shelley.”