Logo
Cardano Ecosystem

Dcforecasts

01/21/2022

·

1.6K views


SundaeSwap Mainnet Launch Caused Congestion On Cardano’s Network

The SundaeSwap mainnet launch caused congestion on the Cardano network after the first dapp finally went live so let’s read more in today’s Cardano news. Cardano’s first dapp went live on mainnet but a few errors on the platform...

SundaeSwap Mainnet Launch Caused Congestion On Cardano’s Network

The SundaeSwap mainnet launch caused congestion on the Cardano network after the first dapp finally went live so let’s read more in today’s Cardano news.

Cardano’s first dapp went live on mainnet but a few errors on the platform many failed transactions caused by the network congestion which left the users frustrated. The SundaeSwap mainnet launch caused congestion on the network while the Cardano community was quite excited when smart contracts were enabled on the network after the Alonzo upgrade last year. There have been some minor issues since then, however.

Cardano Jumped 7% , coinbase, withdrawals, ada, exchange

A few months later, the first Cardano-based dapp SundaeSwap launched its mainnet recently after a series of private and public testing. The decentralized exchange allows users to trade, stake, and lend tokens on the platform with the traders paying little fees and liqudity providers to earn returns on their deposits. However, five minutes after the staking went live, users that were excited to join the DEX became frustrated with a few platform errors and many failed transactions caused by the network congestion.

As more users submitted their complaints on the SundaeSwap Discord server, the platform’s CEO Mateen Motavaf posted:

“IF YOUR ORDER IS ON-CHAIN, IT WILL BE PROCESSED ORDERS ARE FAILING DUE TO CONGESTION, PLEASE BE PATIENT.”

To address other issues, SundaeSwap hosted an AMA session. Seeing there were thousands of pending orders on the platform, one user asked what effect the anticiapted Cardano node upgrade would have on SundaeSwap. The project’s CTO Matt Ho noted:

“Once the change happens on the 25th, we expect greater than a 2X throughput increase from strictly the memory bump by itself as additional protocol parameters become available.”

A few other users pointed out that other areas of concern include the order was filed on the SundaeSwap platform before it was launched on the website but ho replied:

“There were so many things to deal with, we didn’t believe maybe, to our naivete, that someone would have constructed a transaction by hand ahead of time.”

Cardano ADA Explodes, btc, bitcoin, market

While the network congestion on the SundaeSwap platform could come as a surprise to a lot of people, the project’s core team was not. The team announced before the official mainnet launch that the transactions could take hours or days to be fulfilled depending ont the overall load of the network. The blog post noted:

“To be as transparent as we can, we want to inform you all that while orders may take days to process, everybody’s orders will be processed fairly and in the order, they were received and executable.”

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]

AD

SNEKbot by DexHunter on CARDANO

Cardano's Telegram Trading Bot live on Cardano mainnet!TRADE NOW!


Read Original Article on Dcforecasts

ORIGINAL SOURCE

https://www.dcforecasts.com/cardano-news...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


Genius Yields DEX Launched!

More from Dcforecasts

See more
Cardano’s Price Shows Negative Bearing, Weekly Chart In Red
Dcforecasts
Cardano’s Price Shows Negative Bearing, Weekly Chart In Red

08/28/2022

·

810 views

Related News

See more
Genius Yields DEX Launched!

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)