Cardano: 64% of pools ready for smart contracts as project faces criticism
Cardano: 64% of pools ready for smart contracts as project faces criticism By Hannah Perez

The project faced attacks after Ethereum advocate Anthony Sassano shared screenshots showing problems in a Cardano

DEX.

***

Cardano’ s (ADA) participation pools are preparing for the ‘Alonzo‘ hard fork, after which smart contract functionality will finally be deployed on the blockchain

. Meanwhile, the project is facing harsh criticism for alleged structural flaws just days after the update on the testnet.

64% of pools ready

IOHK, the company behind Cardano’s technology development, announced Monday that nearly 70% of Cardano’

s

stake pools , or participation pools, have been upgraded to Alonzo

node 1.29.0. The IOHK team reported via a

tweet

:

“Impressive effort as always from the Cardano stake operator community over the weekend to prepare for #ReadyForAlonzo. Currently, according to the stats from our friends at PooltoolI, about 64% of the pools have been updated to #Alonzo node 1.29.0. Now let’s keep it moving!”

‘The announcement means the project is reaching its goals on schedule. Cardano developers expect 80% of the clusters to be ready by September 12, the date by which it is pro

The hard fork event has been triggered, which will activate the smart contracts on themainnet

It should be noted that, similar to the miners in Bitcoinminers, the participation pools of Cardano are the nodes on the network responsible for processing transactions and producing new blocks and are the core of Ouroboros, the proof-of-stake (PoS) protocol of Cardano. These pools, which can act individually or as a third party on behalf of multiple users, hold delegated ADA tokens, or as collateral(stake), to maintain the security of the network.

Cardano faces criticism

A few days after Cardano’s update on the testnet, the project is facing severe criticism due to alleged structural flaws.

Last Thursday, the Cardano announced that smart contract functionality was now available on the ‘Alonzo‘ test network. The said update represent the step prior to the hard fork that will take place in six days.

However, the platform is now under attack after Anthony Sassano, one of the most prominent members of the community, made several criticisms of the project. Ethereummade several criticisms of the project. In a Reddit thread, Sassano showed a series of screenshots that revealed a concurrency issue found on the decentralized exchange (DEX) Minswap, based on Cardano.

The Ethhub.io co-founder and well-known advocate of . Ethereum highlighted that Miswap, which went live on Saturday, faced several critical issues after its launch. “The first dapp went live today on Cardanoand ADA fanboys are finally discovering that you can’t peer review to fix fundamental problems,” he tweeted.

According to one of the screenshots posted by Sassano, a user encountered a transaction error while trying to exchange tokens. Meanwhile, some community members were concerned that decentralized exchanges only handle one transaction per block, making them inefficient.

Hoskinson responds to attacks

The popularity of Sassano’s comments on social media, who was quite harsh and even wished a peaceful death(RIP) to CardanoSassano’s comments, led many users to believe that the blockchain was broken and that the smart contracts that are currently being tested simply aren’t working. Cardano was broken and that the smart contracts that are currently in the testing phase simply do not work.

The founder of CardanoCharles Hoskinson did not remain silent in the face of the attacks and called the recent accusations “noise” and “FUD“. During a live stream on Saturday, the mathematician and CEO of IOHK, dispelled the concerns and explained that “scaling smart contracts will require off-chain processing solutions of Hydra’s stature.”

You can’t build these systems in a way that scales to billions of transactions per second on a single system. You have to divide and conquer, you have to batch, you have to preprocess, you have to move things to different domains.

In a tweet thread, the IOHK team also addressed the rumors, providing an explanation of what happened and how the issue is being addressed. For their part, some DEX based Cardano also came out to defend the platform by stating that hundreds of transactions per block were indeed possible.

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Sources: U.Today, U.Today, CryptoPotato, Twitter,

Version by Hannah Estefania Perez / DiarioBitcoin

Image by Unsplash