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Home Crypto News Market After Sundaeswap, Another Decentralized Exchange Is Launching On Cardano

After Sundaeswap, Another Decentralized Exchange Is Launching On Cardano

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After Sundaeswap, another decentralized exchange (DEX) based on Cardano, Minswap has announced January 25, 2022, as its public beta launch date.

Public test net hep the developers to detect discrepancies in code and rectify them. Users utilize the product and notify the team about various issues they face, and the team updates any rising problems based on user experience.

“LAMINAR,” which is Minswap’s concurrency solution, that offers the capability to execute numerous transactions multiple times in a single block using accounting-style smart contracts will also be thoroughly checked in the upcoming testnet.

According to the Minswap team, Tweag, a software innovation lab, has launched an external security audit of the decentralized exchange smart contracts. Tweag specializes in the development of Haskell, which works with IOG on the architecture and design of Plutus, Cardano’s innovative contract platform.

The team announced an integration with Nami’s dApp connector. They are also working on integrating wallets such as Typhon, GeroWallet, CardWallet, CCWallet, Flint, and Yoroi into the testnet

Minswap is trying to optimize the transaction size of smart contracts. A few months ago, the Miniswap team made efforts to optimize the transaction size of their smart contracts, resulting in increased throughput. According to the report, a load test the team recently conducted on the public testnet resulted in 48 swaps per block, equating to 144 swaps per minute.

It is worth noting that Miniswap is a community-driven decentralized exchange. This means that it does not use venture capital funding, ensuring a fair distribution of its tokens.

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Owner of TheCryptoBasic. Involved in cryptocurrencies for more than five years, Love to trade and write on cryptocurrencies. My primary aim is to provide genuine information to cryptocurrency readers because crypto is filled with frauds and scams. Accurate information is scarce to get. So We at TheCryptoBasic will be providing accurate information about cryptocurrencies topics that users can trust.


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