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Cardano blockchain lately has seen facing various issues be it on the technical front or current spat between its counterparts, the former is being resolved with time and effort but the latter is getting complicated with it
Blockchain technology highly supports the idea of decentralized systems that are free from single entity intervention or intermediaries. In short, it’s more likely to be safe from any type of human error. But it could only be said for technical aspects, not for other human interference in other aspects where we see issues due to flaws of their behavior.
The conflict between SundaeSwap and CardStarter
Something similar is happening with the Cardano blockchain network where it was already facing issues like congestion on the network but it is now going through the conflict between its own subsidiaries. Recently launched decentralized exchange of network SundaeSwap and its project collaborator CardStarter stuck into a spat. The situation went bad enough that Charles Hoskins himself had to intervene in the matter but still didn’t make a result.
Making the situation worse, CardStarter filed a lawsuit against DEX SundaeSwap on Friday. This step was made enough disappointing to the Cardano founder that it was bad that courts were getting into the matter.
Reason for their conflict
A matter of conflict has been CardStarter’s demand for more tokens than earlier decided some 250 million Suondae tokens, as Hoskinson himself stated. Although reports said that the contract included 150 million tokens out which exchange wanted to offer 10 million at the time.
Above mentioned details are one of the negotiation terms between SundaeSwap and CardStarter. Both were having plans to work together and also share liquidity. Everything might go well but on one side SundaeSwap was rising but CardStarter started dwelling on losses. That might turn out to be a reason for insecurity for CardStarter and it started reiterating agreement terms and assuming that still the two projects’ merger is possible or not.
Charles Hoskinson on the matter
Earlier Hoskinson told both of them to resolve their matter on their own by opting out for arbitration, but things went sound, and now the case file. He disliked the decision of taking the matter to the judicial process and considered it to be highly expensive and tedious which now might take years to resolve. Pointing toward the CardStarter officials he said that ‘young entrepreneurs’ need to be more formal while negotiating with commercial ventures on paper instead of making deals on some social media channels.
Crypto researcher Max Maher in his research found Hoskinson’s assumption to be right that both the project members handled the situation unprofessionally and that is why things are going this way.
However, the effect of these conflicts is not being seen on $ADA, it’s currently trading at $1.18 which is 3.07% higher than yesterday and almost 14% gain in the last week.
ALSO READ: What are the possibilities of mining issues resolving after BTC switch to PoS?
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
