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.
Huge milestone achieved
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 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.
What to expect going forward
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 tested for around a month before becoming live on the mainnet during the following month on May 16th.
With that being said, it is important to keep the following Cardax launch dates in mind as Tweag will begin the audit on March 28th, with a completion time expected to be 3-5 weeks. Additionally, the launch of the public testnet will occur on 12th April as aforementioned and the 16th of May is when Cardax DEX finally becomes live on the public mainnet.
For more information and regular updates, be sure to check out the official website as well as the Twitter, Telegram, and Facebook channels.
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