Blockchain
Blockchain analysis and growth firm Enter Output Hong Kong (IOHK) has introduced a collaboration with MELD, a DeFi protocol constructed on the Cardano blockchain, to handle a difficulty affecting Cardano transaction processing on the preprod testnet.
We’re working intently with the MELD crew on an answer to the difficulty presently impacting Cardano transaction processing on the preprod testnet. We admire that MELD has introduced this situation to our consideration. https://t.co/rkkHc1FcR5
— Enter Output (@InputOutputHK) April 6, 2023
In a tweet, IOHK said that they had been working intently with the MELD crew to discover a answer to the difficulty and appreciated that MELD had introduced it to their consideration. The collaboration comes after MELD recognized the difficulty throughout a radical safety evaluation of its lending and borrowing protocol on the blockchain.
MELD had beforehand delayed the launch of its protocol on the mainnet till the difficulty was resolved to make sure the safety of person belongings. As well as, MELD confirmed that they had been collaborating with Enter Output World (IOG) on testing with the following iteration of the node software program to know higher how they may collectively handle the difficulty. Additionally they confirmed that they would supply additional suggestions on progress throughout April.
The announcement from IOHK highlights the corporate’s dedication as a Cardano associate to handle any points which will impression the Cardano blockchain platform and its customers. IOHK expressed appreciation for MELD’s efforts in bringing the difficulty to their consideration. MELD, on their half, additionally acknowledged the assist of IOG engineers.
The corporate added that they had been additionally exploring a number of quick and medium-term options for his or her growth or plans to launch on Cardano. MELD additional said that they’d open-source their good contracts, and as soon as an answer is in place that sufficiently mitigates the difficulty, they’d make the required changes to their code base and launch on the mainnet.
IOHK has additional said that they all the time worth collaboration with DApp and DeFi initiatives constructing responsibly on Cardano and can proceed to assist MELD throughout their journey to mainnet launch.
