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<div id="content"><div><div><div id="primary"><div><div><div><ul><li>Cardano&rsquo;s difficulties were spoken about by Input Output (IO) CEO Charles Hoskinson&nbsp;</li><li>He talked about how its dApp environment finishes up during his most recent live stream</li><li>It turns out to be progressively basic to vet projects and others as well&nbsp;</li></ul><p>Late times have seen a reaction against the task over the sluggish rollout of dApps. However, presently, somewhere in the range of seven months after savvy contract usefulness went live, Hoskinson said Cardano faces another test &ndash; how to oversee biological system development.</p><p>Following a fourteen day non appearance because of issues in Dubai, Poland, and Switzerland, Hoskinson got back to live streaming and said the Cardano DeFi environment has gathered momentum to great many undertakings in number.</p><p>With that,s. Hoskinson expressed one of the manners in which he plans to do this is by improving his perceivability of the various tasks in the form stage. He recommended a cycle that would include meeting project reps and afterward bringing attention to the undertaking through IO channels.</p><h2>IO Channels</h2><p>Something I&rsquo;m attempting to do is make some kind of component, where assuming you&rsquo;re a fascinating and cool task on Cardano, that I can, or somebody like me, can talk with you. And afterward we can communicate that through the IO channels.</p><p>Simultaneously, Hoskinson surrenders this approach carries unexpected issues with fair-mindedness. Specifically, how could IO stay objective while supporting contending projects. Really that well, Hoskinson added that verifying tasks is confounded, refering to SundaeSwap as the great representation of a breakdown in the screening system.</p><p>We met the [SundaeSwap] group and we teamed up this way and that and afterward things occurred. Also, presently there&rsquo;s this debate among Cardstarter and SundaeSwap&hellip; Things occur, some extraordinary, some not ideal, and we&rsquo;re simply left with some major embarrassment when the not ideal stuff occurs&hellip;&nbsp;</p><p>Troubles among SundaeSwap and Cardstarter became known at the last part of January. Cardstarter CEO Aatash Amir affirms SundaeSwap reneged on an arrangement between the two, which implied that Cardstarter would get 10 million SUNDAE tokens rather than the 150 million at first concurred.</p><h2>Cardano&rsquo;s potential&nbsp;</h2><p>Hoskinson says it&rsquo;s simple for everybody to be companions when there&rsquo;s no cash on the table, project solidarity and shared objectives. In any case, when a contest emerges with ten Dexs battling one another, that makes strain.</p><p>Hoskinson marks this predicament as the troublesome next stage as there are no simple responses. MuesliSwap decentralized trade has likewise reported limit trades on all major DEX conventions through MuesliSwap, alongside the stage&rsquo;s update.&nbsp;</p><p><a rel="nofollow noopener" target="_blank" href="https://www.thecoinrepublic.com/2022/04/13/commentary-the-bitfinex-trading-teams-market-commentary-on-bitcoin/">Also read: The Bitfinex trading team&rsquo;s market commentary on Bitcoin</a></p><p>When the Vasil hard fork is executed, the pipelining element will cultivate more noteworthy increases in the headroom, consequently situating the organization in the best spot to match top blockchains like Ethereum and Solana.</p><p>Despite the fact that Hoskinson considers the pipelining highlight an indispensable piece of the undertaking&rsquo;s scaling plans for the year, it is important that different plans are still in thought to improve Cardano&rsquo;s scaling.</p><div><div><p><a rel="nofollow noopener" target="_blank" href="https://www.thecoinrepublic.com/author/nancy-j-allen/" title="Nancy J. Allen"> <img fifu-featured="1" data-src="https://www.thecoinrepublic.com/wp-content/uploads/gravatar/cold-1284030__340-1.jpg" width="250" alt="" title="" src="https://www.thecoinrepublic.com/wp-content/uploads/gravatar/cold-1284030__340-1.jpg"></a></p><p>Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.</p><p><a rel="nofollow noopener" target="_blank" href="https://www.thecoinrepublic.com/author/nancy-j-allen/" title="Nancy J. Allen"><img fifu-featured="1" data-src="https://www.thecoinrepublic.com/wp-content/uploads/gravatar/cold-1284030__340-1.jpg" width="250" alt="" title="" src="https://www.thecoinrepublic.com/wp-content/uploads/gravatar/cold-1284030__340-1.jpg"></a></p><div><p>Latest posts by Nancy J. Allen <span>(<a rel="nofollow noopener" target="_blank" href="https://www.thecoinrepublic.com/author/nancy-j-allen/">see all</a>)</span></p></div></div></div></div><p>Source: https://www.thecoinrepublic.com/2022/04/14/cardano-challenges-as-the-ecosystem-expands/</p></div></div><h2>Post navigation</h2></div></div></div></div>


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Cardano challenges as the ecosystem expands

<p><span>Input Output CEO Charles Hoskinson talks about the problems encountered when it comes to overseeing competing projects.</span></p><p><a href="https://cryptoslate.com/companies/input-output-iohk/">Input Output</a> (IO) CEO <a href="https://youtu.be/LZ3SdmiTcSs">Charles Hoskinson</a> discussed Cardano’s challenges as its dApp ecosystem fills out during his latest live stream.</p><p>Recent times have seen a <a href="https://cryptoslate.com/cardano-ada-breaks-7-month-downtrend-as-founder-rues-the-slow-pace-of-dapp-rollouts/">backlash</a> against the project over the slow rollout of dApps. But now, some seven months after smart contract functionality went live, Hoskinson said Cardano faces a new test — how to manage ecosystem growth.</p><p class="embed-responsive embed-responsive-16by9 post-embed"><iframe class="embed-responsive-item" src="https://www.youtube.com/embed/LZ3SdmiTcSs?start=174&amp;amp;feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen=""></iframe></p><h2>Cardano to get more hands-on with vetting projects</h2><p>After a two-week absence due to attending matters in Dubai, Poland, and Switzerland, Hoskinson returned to <a href="https://youtu.be/LZ3SdmiTcSs?t=171">live streaming</a> and said&nbsp;the Cardano DeFi ecosystem has snowballed to thousands of projects in number.</p><p>With that, it becomes increasingly imperative to vet projects. Hoskinson said one of the ways he intends to do this is by enhancing his visibility of the different projects in the build phase.</p><p>He suggested a process that would involve interviewing project reps and then bringing awareness of the project via IO channels.</p><p>“One of the things I’m trying to do is create some sort of mechanism, where if you’re an interesting and cool project on Cardano, that I can, or someone like me, can interview you. And then we can broadcast that through the IO channels.”</p><p>At the same time, Hoskinson concedes this approach brings additional problems with impartiality. Namely, how can IO remain objective when supporting competing projects?</p><h2>The difficulties in vetting projects</h2><p>As well as that, Hoskinson added that vetting projects is complicated, citing SundaeSwap as the prime example of a breakdown in the vetting process.</p><p>“we met the [SundaeSwap] team and we collaborated back and forth and then things happened. And now there’s this dispute between Cardstarter and SundaeSwap… Things happen, some great, some not so great, and we’re just left with egg on our face when the not so great stuff happens…”</p><p><a href="https://cryptoslate.com/failed-promises-and-rug-pull-accusations-cardstarter-and-sundaeswap-blame-each-other/">Difficulties</a> between SundaeSwap and Cardstarter became known at the tail end of January. Cardstarter CEO Aatash Amir alleges SundaeSwap reneged on a deal between the two, which meant that Cardstarter would receive 10 million SUNDAE tokens instead of the 150 million initially agreed.</p><p>Hoskinson says it’s easy for everyone to be friends when there’s no money on the table, project unity and common goals. But when competition arises “with ten Dexs fighting each other,” that creates tension.</p><p>The problem gets compounded when IO endorses competing projects. For example, IO has a position in Coti and WingRiders, yet both compete in the stablecoin market.</p><p>Hoskinson labels this dilemma the difficult next phase as there are no easy answers.</p>

Cryptoslate

Hoskinson discloses the new challenges facing Cardano as its ecosystem expands

<div><p><img fifu-featured="1" width="350" height="250" data-src="https://www.thecoinrepublic.com/wp-content/uploads/2022/03/s17-3-350x250-1.jpg" alt="" title="" loading="lazy" src="https://www.thecoinrepublic.com/wp-content/uploads/2022/03/s17-3-350x250-1.jpg"></p><p>Cardano blockchain lately has seen facing various issues be it on the technical front or current spat between its counterparts, the former is being resolved with time and effort but the latter is getting complicated with it</p><p>Blockchain technology highly supports the idea of decentralized systems that are free from single entity intervention or intermediaries. In short, it&rsquo;s more likely to be safe from any type of human error. But it could only be said for technical aspects, not for other human interference in other aspects where we see issues due to flaws of their behavior.&nbsp;</p><h2><strong>The conflict between SundaeSwap and CardStarter</strong></h2><p>Something similar is happening with the Cardano blockchain network where it was already facing issues like congestion on the network but it is now going through the conflict between its own subsidiaries. Recently launched decentralized exchange of network SundaeSwap and its project collaborator CardStarter stuck into a spat. The situation went bad enough that Charles Hoskins himself had to intervene in the matter but still didn&rsquo;t make a result.&nbsp;</p><p>Making the situation worse, CardStarter filed a lawsuit against DEX SundaeSwap on Friday. This step was made enough disappointing to the Cardano founder that it was bad that courts were getting into the matter.&nbsp;</p><h2><strong>Reason for their conflict</strong></h2><p>A matter of conflict has been CardStarter&rsquo;s demand for more tokens than earlier decided some 250 million Suondae tokens, as Hoskinson himself stated. Although reports said that the contract included 150 million tokens out which exchange wanted to offer 10 million at the time.&nbsp;</p><p>Above mentioned details are one of the negotiation terms between SundaeSwap and CardStarter. Both were having plans to work together and also share liquidity. Everything might go well but on one side SundaeSwap was rising but CardStarter started dwelling on losses. That might turn out to be a reason for insecurity for CardStarter and it started reiterating agreement terms and assuming that still the two projects&rsquo; merger is possible or not.</p><h2><strong>Charles Hoskinson on the matter</strong></h2><p>Earlier Hoskinson told both of them to resolve their matter on their own by opting out for arbitration, but things went sound, and now the case file. He disliked the decision of taking the matter to the judicial process and considered it to be highly expensive and tedious which now might take years to resolve. Pointing toward the CardStarter officials he said that &lsquo;young entrepreneurs&rsquo; need to be more formal while negotiating with commercial ventures on paper instead of making deals on some social media channels.&nbsp;</p><p>Crypto researcher Max Maher in his research found Hoskinson&rsquo;s assumption to be right that both the project members handled the situation unprofessionally and that is why things are going this way.</p><p>However, the effect of these conflicts is not being seen on $ADA, it&rsquo;s currently trading at $1.18 which is 3.07% higher than yesterday and almost 14% gain in the last week.</p><p>ALSO READ: <a rel="nofollow noopener" target="_blank" href="https://www.thecoinrepublic.com/2022/04/03/what-are-the-possibilities-of-mining-issues-resolving-after-btc-switch-to-pos/">What are the possibilities of mining issues resolving after BTC switch to PoS?</a></p><p>The post <a rel="nofollow noopener" target="_blank" href="https://www.thecoinrepublic.com/2022/04/03/will-the-conflict-going-on-between-dex-and-the-project-incubator-of-cardano-affect-the-blockchains-image/">&lt;strong&gt;Will the conflict going on between dex and the project incubator of Cardano, affect the blockchain&rsquo;s image?&lt;/strong&gt;</a> appeared first on <a rel="nofollow noopener" target="_blank" href="https://www.thecoinrepublic.com">The Coin Republic: Cryptocurrency , Bitcoin, Ethereum &amp; Blockchain News</a>.</p><p>Source: https://www.thecoinrepublic.com/2022/04/03/will-the-conflict-going-on-between-dex-and-the-project-incubator-of-cardano-affect-the-blockchains-image/</p></div>


Will the conflict going on between dex and the project incubator of Cardano, affect the blockchain’s image?

<div id="content"><div><div><div id="primary"><div><div><div><ul><li>Cardano&rsquo;s TVL has increased exponentially over the last week</li><li>Minswap is now the top DEX on the network</li><li>ADA has broken above $1</li></ul><p><a rel="nofollow noopener" target="_blank" data-autolink-id="121" href="https://www.cryptopolitan.com/news/cardano-ada/">Cardano</a> (ADA) has been doing great of late, as is evident from its current market standings. Not only is the crypto experiencing a sharp increase in value, but also breaking records in terms of the Total Value Locked (TVL) in the Cardano network.</p><p>The latest findings from the network were released by DeFiLama, an analytics firm focused on cryptos. According to the firm, the TVL in the Cardano network has hit beyond the $300 million mark. Apparently, the sharp rise in the network&rsquo;s TVL is due to the increased activity on Minswap, a community-based DEX that accounts for roughly 63% of Cardano&rsquo;s TVL.</p><h2><span id="Exponential_growth">Exponential growth</span></h2><p>Interestingly, the Minswap DEX made a debut on the network just two weeks ago (on March 9). The exchange quickly gained popularity and attracted a funding influx that saw the TVL surpass $200 million within the last week. This was further backed up on March 16 when the DEX started supporting yield farming. Now, with the DEX gaining even more ground, it appears that the previous top DEX on the network, SundaeSwap, has taken the backseat. SundaeSwap has its TVL at around $111 million.</p><p>SundaeSwap went live on the network back in January 2022 and quickly gained traction &ndash; even causing a spike in ADA&rsquo;s price. However, things started going south for the DEX when users started complaining of network failure that caused failed transactions. The DEX developers blamed the issue on network congestion. A prior public animosity between SundaeSwap and CardStarter, a DEX accelerator, didn&rsquo;t help things.</p><p>Another DEX named MuesliSwap, which joined the <a rel="nofollow noopener" target="_blank" href="https://www.cryptopolitan.com/cardano-price-analysis-2022-03-23/">Cardano</a> network back in November 2021, has failed to garner much support. The DEX has only managed to attract $1.68 million in TVL. This makes MinSwap the de facto leader of Decentralized Exchanges currently running on the network.</p><h2><span id="Cardano_to_get_an_upgrade_soon">Cardano to get an upgrade soon</span></h2><p>Granted, the Cardano network has had its fair share of troubles that often plague huge projects in the industry. Its growth hasn&rsquo;t been very impressive, but the network&rsquo;s founder and CEO, Charles Hoskinson, is keen to keep his team focused on developing the network to enable more applications to run on it. Charles is optimistic that after the upcoming network upgrade dubbed &ldquo;Vasil,&rdquo; the network will see a huge influx of new applications joining the network. If that happens, Cardano will have a much higher TVL than it has now. ADA&rsquo;s <a rel="nofollow noopener" target="_blank" href="https://coinmarketcap.com/currencies/cardano/">price</a> is already gaining, posting a 28% increase over the last 7 days as the coin breaks above the $1 mark.</p></div><p>Source: https://www.cryptopolitan.com/cardano-tvl-hits-300-million-whats-next/</p></div></div><h2>Post navigation</h2></div></div></div></div>


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