IOHK Joins Forces with MELD to Deal with Cardano Transaction Problem

• IOHK and MELD collaborate to deal with a difficulty on the Cardano testnet.
• MELD delays mainnet launch to make sure the safety of person property.
• IOHK states it’s dedicated to supporting DApp and DeFi initiatives constructing on Cardano.

Blockchain analysis and improvement firm Enter Output Hong Kong (IOHK) has introduced a collaboration with MELD, a DeFi protocol constructed on the Cardano blockchain, to deal with a difficulty affecting Cardano transaction processing on the preprod testnet.

In a tweet, IOHK acknowledged that they have 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 subject 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 property. As well as, MELD confirmed that they have been collaborating with Enter Output World (IOG) on testing with the following iteration of the node software program to know higher how they could collectively tackle 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 companion to deal with any points which will affect 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 have been additionally exploring a number of quick and medium-term options for his or her improvement or plans to launch on Cardano. MELD additional acknowledged 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 acknowledged 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.