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 deal with a problem affecting Cardano transaction processing on the preprod testnet.
We’re working intently with the MELD staff on an answer to the problem at the moment impacting Cardano transaction processing on the preprod testnet. We respect that MELD has introduced this difficulty 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 staff 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 International (IOG) on testing with the subsequent iteration of the node software program to know higher how they could collectively tackle the problem. 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 accomplice to deal with any points that will affect 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 improvement or plans to launch on Cardano. MELD additional said that they might open-source their sensible contracts, and as soon as an answer is in place that sufficiently mitigates the problem, they might 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 tasks constructing responsibly on Cardano and can proceed to help MELD throughout their journey to mainnet launch.
