IOHK Joins Forces with MELD to Deal with Cardano Transaction Subject

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

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 carefully with the MELD workforce on an answer to the problem presently impacting Cardano transaction processing on the preprod testnet. We recognize that MELD has introduced this concern to our consideration. https://t.co/rkkHc1FcR5

— Enter Output (@InputOutputHK) April 6, 2023

In a tweet, IOHK acknowledged that they had been working carefully with the MELD workforce to discover a answer to the problem and appreciated that MELD had introduced it to their consideration. The collaboration comes after MELD recognized the problem 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 problem was resolved to make sure the safety of consumer 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 grasp higher how they may collectively tackle the problem. In addition they confirmed that they would offer additional suggestions on progress throughout April.

The announcement from IOHK highlights the corporate’s dedication as a Cardano companion to handle any points that will influence the Cardano blockchain platform and its customers. IOHK expressed appreciation for MELD’s efforts in bringing the problem to their consideration. MELD, on their half, additionally acknowledged the help 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 acknowledged that they’d open-source their sensible contracts, and as soon as an answer is in place that sufficiently mitigates the problem, they’d make the required changes to their code base and launch on the mainnet.

IOHK has additional acknowledged that they at all times worth collaboration with DApp and DeFi initiatives constructing responsibly on Cardano and can proceed to help MELD throughout their journey to mainnet launch.

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