IOHK defuse criticisms around Cardano concurrency issue on Minswap

TL;DR Breakdown: IOHK says the criticism around the Cardano concurrency issue on Minswap is only FUD and misinformation.Many developers and projects have already come up with solutions to address the problem.Cardano is using a novel ledger approach, unlike other smart contract blockchains. Input-Output HK (IOHK), the development team behind Cardano blockchain, recently published a thread of tweets addressing criticisms around the Cardano concurrency issue discovered on Minswap, a decentralized exchange (DEX) based on Cardano. The organization dismissed the speculations as misinformation and FUD. Users worried amid Cardano concurrency issue The smart contract functionality was successfully implemented on the Cardano public testnet on September 2, enabling developers to build and test the network before the mainnet launch scheduled on September 12. However, in the process, users on Minswap reported concurrency issues with the blockchain, which meant “only one user can interact with a smart contract per block/transaction.” The Cardano concurrency issue faced on Minswap resulted in criticisms that the blockchain is inefficient and may not hold. According to IOHK, the claims are only misinformation. The organization pointed out that other projects launched on the testnet are able to address the issue. We are very pleased to see that developers are already testing on the #Cardano Testnet as they continue to prepare thei...