During a smart contract audit, it’s expected to spot and remove bugs before it is allowed to launch. According to the report, the audit conducted helped to detect a total of 13 bugs after a vigorous search for issues such as incorrect minting, incorrect dust collection, denial of service attacks, among others.

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Minswap tweeted, “We are pleased to announce the security audit completion of The Minswap DEX by tweag.”

We are pleased to announce the security audit completion of The Minswap DEX by @tweagio
Read More https://t.co/29AsINRwMd pic.twitter.com/YeTaVDeAx0

— Minswap (@MinswapDEX) February 11, 2022

According to the Tweag Team, the implementation abides by its specifications and the detailed report will be available soon.

In late January, Minswap, the first DEX on the Cardano blockchain, launched its latest public testnet known as “The Laminar Flight Test mission.”

Back in September 2021, Minswap became the first decentralized finance (DeFI) application to go live on Cardano’s public testnet, which played out just two weeks prior to the launch of smart contracts on the mainnet.

However, Minswap faced criticism after users started receiving errors while attempting to swap tokens due to the so-called “concurrency” issue. This made many critics question the viability of the Cardano blockchain, which uses the extended unspent transaction output accounting model (EUTXO).

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In a blog post, the decentralized exchange (DEX) accused the critics of “FUD and finger-pointing”, claiming that the team is already working on resolving the issue.

Aside from Minswap, there are other prominent decentralized exchanges on the Cardano blockchain. As reported by TimesTabloid, SundaeSwap launched its beta version on mainnet in late January 2022.

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The post Cardano-Based Decentralized Exchange Minswap Announces Audit Completion appeared first on Times Tabloid.

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).”

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).

1⃣2⃣ Days to go!
Read the Test Flight Manual & more:https://t.co/Sd9B8inp9s pic.twitter.com/1FiF9hHeUM

— Minswap (@MinswapDEX) January 12, 2022

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.

Read Also: Cardano-Based Decentralized Exchange, SundaeSwap, Announces Date for Mainnet Launch

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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The post Cardano-Based Decentralized Exchange Minswap to Launch on Public Testnet on 25th January appeared first on Times Tabloid.