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ADA / USDT
The launch of smart contracts on ADA's public TESTNET has shone a light on old protocol design challenges.
Key Takeaways
ADA's EUTXO-based protocol design has proven challenging for decentralized application developers.
Minswap, the first decentralized exchange to launch on Cardano testnet, faced immediate scaling issues last week.
While several projects claim to have solved the concurrency issue, none have publicly revealed their solutions.
ADA, the third-largest cryptocurrency with a market cap of over $82.8 billion, has become the subject of criticism as its
ecosystem infrastructure does not allow for the most basic decentralized applications to function without facing immediate scaling issues.
ADA is facing a major scalability hurdle.
Input Output, the development company behind Cardano (ADA), announced the launch of the Plutus smart contract functionality on testnet last Thursday. Since the update went live, Minswap, the first decentralized exchange to launch on testnet, has run into severe scaling issues, raising concerns about Cardano’s capability to run smart contracts.
Always leave a like, follow and share our ideas daily.
TRADE SAFE.
ADA / USDT
The launch of smart contracts on ADA's public TESTNET has shone a light on old protocol design challenges.
Key Takeaways
ADA's EUTXO-based protocol design has proven challenging for decentralized application developers.
Minswap, the first decentralized exchange to launch on Cardano testnet, faced immediate scaling issues last week.
While several projects claim to have solved the concurrency issue, none have publicly revealed their solutions.
ADA, the third-largest cryptocurrency with a market cap of over $82.8 billion, has become the subject of criticism as its
ecosystem infrastructure does not allow for the most basic decentralized applications to function without facing immediate scaling issues.
ADA is facing a major scalability hurdle.
Input Output, the development company behind Cardano (ADA), announced the launch of the Plutus smart contract functionality on testnet last Thursday. Since the update went live, Minswap, the first decentralized exchange to launch on testnet, has run into severe scaling issues, raising concerns about Cardano’s capability to run smart contracts.
Always leave a like, follow and share our ideas daily.
TRADE SAFE.