Zug, Oct. 4, 2021 — OccamX, one of many first decentralized exchanges (DEXs) constructed for the Cardano ecosystem, unveiled its first OccamX DEX demo on Monday — full with a working answer for the unspent transaction outputs (UTXO) Cardano concurrency problem.
OccamX is constructed by the Occam.fi crew, a decentralized finance (DeFi) ecosystem tailored for Cardano and backed by official Cardano entities Emurgo and IOHK via cFund. Working intently with its companions and a crew of Plutus Pioneer alumni builders, OccamX goals to change into the main DEX answer for Cardano native tokens (CNTs).
The demo, narrated by Occam.fi technical author Conor Devlin — writer of the concurrency article quoted by Cardano founder Charles Hoskinson — exhibits for the primary time a working answer for the concurrency downside. “Concurrency” is a theoretical downside in UTXO-based accounting fashions, through which simultaneous interactions with sensible contracts occurring inside a single transaction pose inherent technical challenges.
A supply of debate inside the blockchain group, concurrency must be overcome to be able to have quick, environment friendly DEX capabilities on Cardano. Now, in OccamX’s first-of-its-kind demo, viewers can see and confirm how two simultaneous swaps may be made in a single transaction on the Cardano community.
Max Mironov, product lead at Occam.fi, says:
“We’re immensely proud to have reached this main milestone for OccamX — one of many first usable DEX platforms on the Cardano mainnet. Whereas our present answer introduces some centralized parts, we’re shortly iterating new, absolutely decentralized options to concurrency, and count on OccamX to be a robust DEX with a seamless consumer expertise. Liquidity and swaps for Cardano native tokens are right here.”
OccamX might be supported by OCX, a DEX token that may solely be attained via contributing to the Occam.fi ecosystem. Contribution strategies embrace delegation to the pOCC stake pool on Cardano, staking of OccamRazer OCC tokens, liquidity provision for OCC on Uniswap and holding OCC as a Cardano native token.
You may delegate ADA to the pOCC stake pool in return for OCX via Daedalus, Yoroi, AdaLite or different wallets that help ADA staking. Discover OCX’s pool info here. Extra particulars on reward ratios and distribution timelines might be offered shortly. Learn extra about the best way to get OCX here.
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About OccamX
OccamX is a Uniswap-like decentralized trade constructed for the Cardano native token ecosystem. Developed by the crew at Occam.fi and formally backed by Emurgo and IOHK via the cFund, OccamX is about to change into probably the most vital swap ecosystem for the Cardano ecosystem. The OccamX DEX is powered by the OCX token, which may solely be gained by contributing to the Occam.fi ecosystem. Study extra at www.occam.fi.
About Occam.fi
The Occam.fi ecosystem is managed and maintained by the Occam Affiliation, a Switzerland-based entity working from the crypto-friendly canton of Zug. When the Occam.fi ecosystem grows sufficiently, Occam.fi might be ruled and steered by a fastidiously designed decentralized autonomous group. Occam.fi is the primary decentralized launchpad designed for the Cardano ecosystem, constructed with experience and care from a veteran crew of blockchain entrepreneurs and professionals. Study extra at www.occam.fi.
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