An Australian cryptocurrency developer recently revealed that it has almost completed a Cardano-based application that will bring ADA transactions to Shopify stores, along with other Cardano-based tokens. Jeronimo Backes developed the app in his spare time to bring more utility and adoption to the blockchain industry.
The source code is publicly available on the developer's GitHub page. By making the code public, the developer wants to motivate other users to customize the code and take it to other stores. If successful, the code will carry ADA payments to stores other than Shopify.
All a store owner has to do is install the app and select from a variety of available payment methods. Once the owner installs the application, customers can pay directly to the owner's private wallet for the products and services. Additionally, transactions will remain completely anonymous.
At the time of writing this article, Shopify stores already support cryptocurrency payments. Users can pay for products through cryptocurrencies such as Bitcoin, Bitcoin Cash, Litecoin, Ether, and Dash.
However, the problem of intermediaries remains. Users cannot pay with cryptocurrencies directly, as proposed with the Backes code. On the official Shopify store, Users must pay through third party entities such as BitPay, Coinbase, CoinPayments, and GoCOin.
Backes detected a serious Cardano vulnerability
When developing the new application, Backes found a problem with the Cardano BIP 44 protocol. The problem forced the developer to delay the launch of his application by two months, as he was forced to create a completely new wallet.
According to Backes, the addresses could not be detected on the network, as the addresses required a small amount of dust. Since its discovery, the developers classified the problem as critical for the Cardano network. If the team does not resolve the issue, stores that implement ADA payments may not detect small transactions.
However, the new Backes wallet has already solved the problem, at least for its application. In the future, the developer plans to introduce plugin support, additional features like tax calculation and many other innovative functionalities.
Meanwhile, the developer created a proposal for Project Catalyst, a Cardano platform. If approved, you could receive a $ 200,000 grant from the treasury fund.
While the ADA token grew along with the rise of the DeFi market, it did not increase exponentially. As the team continues to develop the protocol and release updates, ADA is experiencing a steady increase.
Recently, the ambitious future of the project was confirmed once again by Frederik Gregaard, the future CEO of the Cardano Foundation.
According to Gregaard, Cardano's competitors are not even blockchain companies. Based on their ambitious views, leading tech companies like Alibaba, Amazon and Google are the real competition of the team. Whether this is true or not will be seen in the near future when the Cardano Foundation finalizes its product.
If you found this article interesting, here you can find more news from Cardano
