• As Charles Hoskinson explained, a decision will be announced today whether the Cardano Shelley Hard Fork will take place on July 29.
• According to the CEO of IOHK, all the signs are that the deadline can be met, otherwise the hard fork would be postponed for an epoch, 5 days.

>>> UPDATE: The launch process for Shelley has been activated. Click here for the new article. <<<

In a video update, Charles Hoskinson, inventor of Cardano, informed about the current progress on the Shelley hard fork on July 29. According to the CEO of IOHK, there will be a major video update on July 30th, in which IOHK will report on the concrete schedule for August. In particular, it will also provide information on which exchanges and wallets will be operational after the hard fork and which will be unavailable for a short period of time:

We will include a lot of information about Ledger, Trezor and all kinds of other things that gonna happen post hard fork, not everybody is completely where they need to be yet for the hard fork. So some of these services will temporarily go down for a week or two, maybe a little longer. There’s mitigations for that if you absolutely need liquidity during that time period like restoring your wallet in Daedalus for example. So we will cover all that next week. We will talk about which exchanges will probably ready to go […] and which ones won’t be.

First of all IOHK is currently very busy with the work for the Shelley Hard Fork. IOHK is currently working on a final roadmap for the Shelley hard fork, which will be published today, if the last tests are positive, which seems to be the case.

If the current tests go wrong, the next window for the update proposal would be July 29th, which would also postpone the hard fork by five days. But a final “Go” is supposed to come today:

If we get the green light tomorrow for tomorrow, the everything is deterministic for the 29th and the hard fork. Science points yes for that. The next window for that would be initiating the update proposal on the 29th.

Hoskinson also pointed out that staking will not start immediately on July 29. Only from August 18th the blocks will be created by the stake pools. At the time of the hard fork, Cardano will initially remain with the OBFT (Ouroboros Byzantine Fault Tolerance) consensus.

This will give stake pool operators more time to set up their pools and get them ready to go, as Hoskinson said. Overall, IOHK has worked extremely hard to ensure that everything works flawlessly, as Hoskinson stated:

We just getting everything where it exactly needs to be and conduct all the tests. It’s been a very busy last two weeks. We actually worked the weekends und were basically working 24/7 […] so you may be noticed by the commit volume that it has been a ridiculously amount of work, mostly around integration and configuration. So each piece is working beautiful, but when you pull them together there’s always rough edges.

Sebastien Guillemot, EMURGO Co-Vice President of Engineering, also gave a deeper insight into the upgrade process. As he explained, Cardano works in periods of 5 days, which means that if a wallet or exchange updates within 5 days, users will effectively have no limitation.

Yoroi Mobil, as Guillemot explained, will be down for about a week, but the browser extension will be available earlier, depending on the approval process from Apple and Google.

https://youtu.be/oJpNuWe8moQ

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