On December 23, 2019, the CEO of Cardano, Charles Hoskinson, announced on twitter that community expects a better 2020 when its network welcomes full decentralization once Shelley’s testnet integrates into mainnet.

Hoskinson expressed his delight over the upcoming developments that Shelley promises to incorporate into the Cardano ecosystem come 2020.

Cardano’s Shelley testnet, which went live on December 13, 2020, can now boast more than 500 staking pools, marking a major milestone for decentralizing the network.

The success of the just concluded Shelley testnet makes ADA a must-watch project in 2020. In this regard, Hoskinson tweeted:

“Moving the chains slowly. 2020 is our year. Smart contracts, scalability, decentralization, high assurance, governance. Time to make a dent in the universe.”

Charles Hoskinson has always been involved in the progress as Cardano blockchain gets ready for significant transformation in the coming year.

On November 15, 2019, he shared a viral tweet where he acknowledged the efforts of the brain behind the development and the launch of Shelley Incentivized Testnet. There he specifically shared that Cardano (ADA) will be a beast in 2020.

Incentivized Shelley Testnet Shows Promising Results

After months of anticipation, the incentivized testnet for the Shelley era of Cardano finally went live earlier this month on December 13.

With a week-long test run between a trial balance check and the real network snapshot, the company and its team were focused on creating a solid foundation for testing out the network’s staking protocol.

Hoskinson said at the time that the team hopes the incentivized network’s 1000 pool hosting capability will be fulfilled. And while the number might have sounded a bit too ambitious at the time, the incentivized testnet for Shelly debuted with metrics that show that it’s not just possible, but closer than ever.

Since the testnet launched, data from ADAPools has shown that there are more than 500 staking pools. If the number of pools keeps its growth rate, the network could reach its equilibrium with 1000 pools sooner than expected.

Cardano Making Big strides in the Crypto Space

The Shelley era is supposed to make Cardano the most decentralized project in the cryptocurrency space.In fact, Weiss Crypto Ratings named ADA one of the most undervalued cryptocurrencies because of the project’s underlying fundamentals, with the Shelley era showing potential to outperform its older and more established PoS competitors such as EOS and Tron.