Cardano’s DEX (decentralized exchange)A peer-to-peer exchange allowing users to trade cryptocurrency without the need for an intermediary. launched its testing phase on Monday. The evolution of SundaeSwap could be crucial for the flourishing of DeFi a movement encouraging alternatives to traditional, centralized forms of financial services. in Cardano.
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The long-awaited decentralized decentralization refers to the property of a system in which nodes or actors work in concert in a distributed fashion to achieve a common goal. exchange (DEX) based onCardano,SundaeSwap The company finally launched its public testnet on Monday.
After having experienced some delays, the team of theexchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. Decentralized announced via its Twitter account an account is essentially a whose purpose is to track the financial activities of a specific asset/ the launch on December 6. It was expected that the deployment of the tetsnet fromSundaeSwap was to take place on Sunday, but the developers of the protocol the set of rules that define interactions on a network, usually involving consensus, transaction validation, and network participation on a blockchain. reported that the launch had been delayed due to some bugs.
“ And we’re live! Thank you all for being patient with us “wrote the platform in a tweet where it invited users to test the exchange. The team also encouraged users to find bugs and report them through an official form.
And we’re live! ???? Thank you everyone for staying patient with us 🙂
Visit https://t.co/MkLJyLzETf and play around with #SundaeSwap on the #Cardano testnet!????
If you encounter bugs, issues, or just have recommendations, please fill out this form: https://t.co/FTyRsxPRiJ! Enjoy!pic.twitter.com/ytoIErOBvR
– SundaeSwap Labs ???? (@SundaeSwap) December 6, 2021
SundaeSwap lanza testnet
SundaeSwapan automated marketplace DEX (AMM) based on the blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. fromCardanohad been presented to the world for the first time about six months ago, even before the integration of smart contracts in the network Cardano.
The platform a place to buy, sell and store cryptocurrency offers services such as exchange (orswapping) of native tokens ofCardanoincluding ADA. One of its main features is the Constant Product Poolwhich makes these exchanges more efficient, while having a different accounting model and virtual machine.
The launch of the network testing serves several purposes, including identifying errors The platform has also been able to reduce bottlenecks and unexpected inefficiencies that may arise due to the use of thousands of users. This was announced by the platform in acomunicado.
On the other hand, the testnet also provides an opportunity for the team toSundaeSwap to provide a “access ramp and training in a low risk environment for scoopers that the community recently selected to run the network a network refers to all nodes in the operation of a blockchain at any given moment in time.“. E he protocol has introduced and chosen scoopers of governance. These are nodes that build and then send transactions for all orders in the protocol, making it possible for many users to send transactions at the same time without failure.
As part of the test, users can connect to wallets such as Yoroi o Nami to exchange tokens and experiment with trading. SundaeSwap has not provided a timeline for the testnet, but hopes that user experience during this testing phase will lead to an official launch.
Once the testnet an alternative blockchain used by developers for testing. is over, we will summarize what we have learned and provide a detailed roadmap a roadmap is a high-level visual summary that helps map out the vision as well as the direction of a specific product. to launch.
Crucial to Cardano’s DeFi Ecosystem
Fundado por Mateen Motavaf y Artem Wright, SundaeSwap is one of the most anticipated developments in the ecosystem of theCardano.
The exchange, which began its development in 2021, has great potential to nurture the growth of the decentralized finance (DeFi) space fromCardano. Like platforms such asUniswap became fundamental to the growth of DeFi’s space in theEthereum a decentralized open-source blockchain with smart contracts functionality., oPancakeSwapfor the ecosystem of Binance Smart Chain,SundaeSwap can play a crucial role in the development ofCardano.
IOHK, the technology development company behind theCardano, described the testnet launch of the exchange as a long-awaited event that will attract “a lot of interest”. a great deal of interest ” y “ busy none
Later today, @SundaeSwap will launch their DEX on the #Cardano TestNet launch. We’re expecting a huge amount of interest in this highly-anticipated event, and lots of activity. This is why we are collaborating. Because we’re looking to learn a lot, too.
1/8
— Input Output (@InputOutputHK) December 5, 2021
IOHK’s technical team, which has been supporting the exchange for its launch, added that the test is intended to “help the exchange to be more efficient and efficient.put the network at high performance“This allows the equipment to monitor and analyze the parameter settings.
Agregó que es probable que ocurra congestión y errores en la red de prueba, pero dijo que eso era buena señal de que la plataforma está obteniendo el volumen de tráfico necesario para la evaluación. También animó a los usuarios a “ ignoring FUD negativity and panic spread by someone who wants to profit from it (a FUDster). [fear, uncertainty and misinformation].” porque se espera que hayan errores, algunos de los cuales ya estaban siendo reported by testnet users. The firm encouraged users to join its channel. Discord discord is a web-based communication tool or application primarily built to enable communication between gamers. to give your opinion on the platform SundaeSwap .
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Sources: Twitter ,BeInCrypto, AMBCrypto
Article by Hannah Estefania Perez / DiarioBitcoin
Imagen de Unsplash
