Cardax blog




We are delaying our launch for a good reason.

Paul FulbrookPaul Fulbrook

Key Takeaways:

So, why have we postponed the DEX launch?

Well, it is based on the audit and the language we are building the DEX on.

Firstly, we have always held the stance that we would not launch our DEX until it had been audited. As a DeFi platform, we take the safety of our users’ funds very seriously. This is something that we will never cut corners on.

Why did the Audit take so long to arrange?


When we started the development of the Cardax DEX, we were using the Plutus Tx language but very quickly we realised that if we continued using Plutus Tx, the DEX would suffer from major scalability and transaction throughput issues.

After having lots of discussions with our technical partners, it was decided that they would create Plutarch. Like Plutus Tx, Plutarch is a Haskell language but it achieves 300% more efficient performance.

In simple terms, we found a better way to build the Cardax DEX, that would be much faster to use and not struggle with scalability.

Whilst having to convert all the work we had done to Plutarch was annoying, it was not unforeseen. we think you’ll agree it was the necessary, obvious choice.

So, why has it been delayed again?

Reasons for the Delay

The problem arose, however, that MLabs having created Plutarch, could not be the ones to perform 3rd party audits on platforms using it. This is why we started talks with Tweag. Since Plutarch is very new, Tweag was unfamiliar with it.

In order to agree on a contract with Tweag to audit the Cardax DEX, they had to consult with MLabs to learn and understand Plutarch and decide if they had the capacity to complete our audit.

The majority of the delay has been not due to changing from Plutus Tx to Plutarch but in preparing everything for the Tweag audit.

Items that needed our attention before being able to agree on an audit timescale:

In the end, all has worked out well and Tweag will be auditing our code and giving us the seal of approval.

This is why we have been forced to postpone our launch.

Key Cardax Launch Dates:

Thanks for sticking with us, we can’t wait to bring you the best DEX on Cardano.

Paul is a writer and crypto investor. As an ex-science teacher, he is able to take tricky, conceptual topics and explain them very clearly; perfect for bringing crypto to the masses. He also runs a lot and is the lord of all cats!

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