Blockchain
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 handle a problem affecting Cardano transaction processing on the preprod testnet.
We’re working carefully with the MELD crew on an answer to the difficulty at the moment impacting Cardano transaction processing on the preprod testnet. We recognize that MELD has introduced this difficulty to our consideration. https://t.co/rkkHc1FcR5
— Enter Output (@InputOutputHK) April 6, 2023
In a tweet, IOHK acknowledged that they have been working carefully with the MELD crew to discover a resolution to the difficulty and appreciated that MELD had introduced it to their consideration. The collaboration comes after MELD recognized the difficulty throughout an intensive 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 have been collaborating with Enter Output World (IOG) on testing with the following iteration of the node software program to grasp higher how they could collectively handle the difficulty. In addition 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 handle any points that will influence 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 help 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 at all times worth collaboration with DApp and DeFi tasks constructing responsibly on Cardano and can proceed to help MELD throughout their journey to mainnet launch.