Later today, @SundaeSwap will launch their DEX on the #Cardano TestNet launch. We’re expecting a huge amount of interest in this highly-anticipated event, and lots of activity. This is why we are collaborating. Because we're looking to learn a lot, too.
1/8
The test is intended to put the network under high throughput so we can monitor and analyse the current network parameter settings. As a user, expect congestion on the testnet. This will be a sign that we are getting the traffic volume we want/need to properly assess!
2/8
And expect bugs in the DEX. The @sundaeswap team is encouraging you to find some. Remember this is early #DApp software, and it's still early days for #DeFi on #Cardano. Testnets are a key part of iterating & improving the experience. Read more:
As we also recently wrote about, we're going to gradually adjust and optimize network settings – steadily, surely, safely, securely – for the rising demand that #DeFi will bring over the weeks and months ahead.
#Cardano is parameterizable, designed with flexibility in mind, built on a solid, highly resilient core platform. We’ve plenty of headroom for L1 growth. But we will take things slowly and carefully. And get things right. This is and will remain central to our approach.
5/8
Both the IOG and @SundaeSwap teams want your feedback on the DEX experience, so we can iterate and improve it in good time for the full mainnet launch.
6/8
By joining in and sharing your constructive feedback on the testnet, you are helping us make the overall experience slicker and smoother, ready for primetime.
Good luck & have fun. Oh and ignore any FUD. There will be bugs. There will be congestion. We’re pushing the network hard. But this is what a testnet is for. And an essential part of our ongoing journey.
We'll report back after the weekend. See you on the other side! :-)
8/8
• • •
Missing some Tweet in this thread? You can try to
force a refresh
LAUNCH CONFIRMED: Today, around 17:26 UTC we successfully submitted an update proposal to the #Cardano mainnet, to trigger a hard fork combinator event on Sunday 💪🙌 #Cardano $ADA 1/6
The #Alonzo HFC event will be the most significant upgrade yet, laying the firmest of foundations for an exciting new era of #smartcontracts on #Cardano. Here's the moment – just minutes ago – that Sam submitted the upgrade proposal 2/6 🤘
On Sunday, core Plutus #smartcontracts capability will be deployed to the #Cardano mainnet using our unique HFC technology. Along with compatibility upgrades across the whole software stack 3/6
IMPORTANT THREAD: Over the past 24 hours we have seen a lot of social media speculation (and let's face it, outright FUD & misinformation) over Cardano’s ledger approach and specifically ‘concurrency’. Let’s clear this up. #Cardano $ADA 1/n
Cardano is a UTxO (Unspent Transaction Output) blockchain, which utilizes a different programming paradigm for DApps than on account based blockchains like $ETH 2/n
The specific flavor #Cardano uses is the eUTxO – or extended model which we believe offers greater security, allows for fee predictability (no nasty surprises...) and offers more powerful parallelization. 3/n
❗🍴 Today, we have just submitted an upgrade proposal to the #Cardano testnet to hardfork the chain into the #Alonzo era and enable smart contract capability. This will take effect within the next few hours. 1/5
🤯🍄 This is a major milestone and marks the final, critical stage prior to hard forking the #Cardano mainnet, on target for 12 September. $ADA
2/5
🔬 Over the days ahead, we’ll be doing final checks and testing within a controlled environment to ensure that we are ready to upgrade the main #Cardano network. And usher in a transformative era of #smartcontracts capability.
3/5
ALONZO UPDATE: We’re delighted to announce that we have now successfully spun up #AlonzoPurple and have today begun the new user onboarding process👍 💪
1/12
This is an exciting and important next step in the #Alonzo journey. In fact, the #Cardano journey. With the support of our OG community testers on the Blue & White phases, #AlonzoPurple will be the first fully public Cardano testnet to support #smartcontracts 🚀
2/12
It's an important moment, marking significant progress in the rollout of #smartcontracts on the #Cardano mainnet which is targeted for the end of August/early September.
3/12
👉 Fund5 results almost in
👉 Fund6 starts next week with a special live keynote from Charles Hoskinson @IOHK_Charles
👉 Fund6 community challenges published
ALONZO UPDATE: We’re continuing to make good progress with the rollout program and this week we’ve started onboarding new SPOs and developers to join #AlonzoWhite. Here’s a thread to share how we're rolling!😀👍 #Cardano $ADA @Cardano 1/14
To recap, we're building out the remaining #Goguen#Smartcontracts capability via a series of color-coded testnets, supported by the #Cardano community. We're adding new community testers as we go, steadily adding new users as we add functionality, test, iterate & improve 2/14
On Monday, we asked our #AlonzoBlue community testing team to nominate and bring new members into the program (a mix of experienced SPOs and developers) ready for #AlonzoWhite. We’ve now also invited and started onboarding these new users 3/14