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Cardano-Based Decentralized Exchange Minswap to Launch on Public Testnet on 25th January

Minswap, a Cardano-based decentralized exchange (DEX), has announced that the official date for the launch of its public testnet is 25th January 2022.

According to the report, the testnet is purposely launching to identify bugs. It’s also a vital process that gives the team the ability to get more feedback about the user experience.

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The testnet is also meant to test the first phase of “LAMINAR”, Minswap’s solution to concurrency, which gives room for the execution of several transactions multiple times in one block using accounting-style smart contracts.

Minswap tweeted, “Announcing: “LAMINAR” | The Test Flight Mission. We’re proud to announce that Minswap Testnet Event will launch on the evening of Tuesday, January 25th (EST).”

Minswap’s Efforts to Optimize Transaction Size of Their Smart Contracts

A few months ago, the Miniswap team made efforts towards optimizing the transaction size of their smart contracts, which brought about an enhanced throughput.

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According to the report, the load test recently conducted by the team on the public testnet resulted in 48 swaps per block, which represents 144 swaps per minute.

The team has also announced their integration with Nami’s dApp connector. They are also working to integrate wallets, such as Typhon, GeroWallet, CardWallet, CCWallet, Flint, and Yoroi, in the testnet.

According to the Minswap team, Tweag, a software innovation lab, has started the external security audit of the decentralized exchange’s smart contracts. Tweag specializes in Haskell development that works in conjunction with IOG on the architecture and design of Plutus, Cardano’s smart contracts platform.

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It’s worth noting that Miniswap is a community-driven decentralized exchange. This implies that it involves no venture capital funding, making its tokens fairly distributed.


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Solomon Odunayo
Solomon Odunayo is a cryptocurrency journalist with over 3 years of experience in the crypto industry. He's sternly interested in covering developments of emerging and established blockchain projects.
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