UTxO Cardano model, new baseless rumours.

Another attempt to smear Cardano
07
Sep

UTxO Cardano model, new baseless rumours.

Recently, Cardano’s UTxO model has been accused of not being robust enough after the news published by the famous DEX Minswap complaining about the impossibility of carrying out no more than one transaction per block.

There was a huge discussion in the crypto community as the news spread quickly in the market. However, SundaeSwap later came up with an interesting explanation as to how the Cardano blockchain employs a UTxO model supporting 100 transactions per block.

Consequently, IOHK explained widely the paradigms of technology UTxO on Twitter:

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.

And to be clear, dapps are NOT limited to 1 transaction per block. By designing your service or application with multiple UTxOs, you can enforce more parallelism. This is inherent and – we believe – one of the advantages to eUTxO design as we have implemented it in #Plutus.

IOHK agrees that the UTxO concept is quite a novel technique and needs new ideas to be implemented in the various decentralised applications. The Cardano team has been determined to face this new challenge and find innovative ways to tackle this minor obstacle for several months.

IOHK continues on the marked path and emphasizes the scientific method that Cardano has been using all these years:

“We are very pleased to see that developers are already testing #Cardano Testnet as they continue to prepare their DApps for the market. Congratulations to @MinswapDEX. This is what a testnet is for. Please give them your support ”.

As Sundayswp explains in its article:

Rumors of the death of Cardano have been greatly exaggerated. There are solutions to the problems seen today, benefits to the way Cardano has been designed, and both a bright future and an intense phase of design discovery ahead.

This incident has been seen as the beginning of Cardano’s death by many of his detractors.

The ingenuity of the developers of the Cardano ecosystem sees much more than a small stone on the road. Undoubtedly, all these years of development have served to realise this, and indeed, Cardano will have many more small rocks along the way, which will make it a much more robust and reliable system.

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