Cardax Completes First Full User Round-Trip As Tweag Audit, Public Testnet Launch And Mainnet Launch Draw Near
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
Cardax is constantly trying to assert itself as one of the strongest decentralized exchanges on Cardano (ADA) and is a leading influence behind DeFi development in the Ethereum alternative. Cardax claims to offer the solution to today's ever-present concurrency issues, which many investors in this sector often encounter.
As a result, it has developed a new general-purpose algorithm that may be capable of fixing any concurrency issues with Cardano's blockchain. Cardax's major goal in this project is to help improve user experience and overall efficiency. To that purpose, it created 'Streaming Merge,' a new algorithmic method that solves concurrency difficulties and improves scalability in a novel way.
During the internal testnet, the Cardax development team hit a significant milestone. They were successful in completing the first full user round-trip which essentially means that the users would create a pool, register for the pool, submit an action, the action is merged, and lastly, all merged actions would then be executed.
With this latest development, Cardax will continue to be at the forefront of DeFi innovation and will strive to do its part to help further develop the Cardano ecosystem. In related news, Cardax was also involved in the recent offering of a free course designed to assist others to help receive funding on Project Catalyst.
Tweag auditing the DEX has piqued the Cardax team's interest and excitement. "Their staff produces high-quality work and they are domain specialists in programming languages," says Ryan Morrison, Cardax's founder and CEO. Moreover, Cardax will launch the public testnet on April 12th. Cardax will also be
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