Cardano’s development team, Input-Output HK (IOHK), recently issued a series of tweets in response to critiques about a concurrency issue identified on Minswap, a decentralized exchange (DEX) based on Cardano. The group rejected the rumors as false information and fear-mongering.
Users are concerned about the Cardano concurrency problem.
On September 2, smart contract functionality was successfully deployed on the Cardano public testnet, allowing developers to construct and test the network ahead of the September 12 mainnet launch. Users on Minswap, on the other hand, experienced blockchain concurrency difficulties, which meant that only one user may engage with a smart contract per block/transaction.
The Cardano concurrency issue on Minswap sparked accusations that the blockchain is inefficient and unstable. The assertions, according to IOHK, are just false. Other initiatives released on the testnet, according to the group, can fix the problem.
Cardano’s decentralized ledger is one of a kind.
The lack of a “Cardano Virtual Machine,” similar to the Ethereum Virtual Machine (EVM), which assures transaction concurrency on smart contracts, is most likely to blame for the Cardano concurrency issue. Cardano is proposing a new ledger method that, according to the company, would enable strong parallelization.
SundaeSwap is one of the Cardano projects that were able to get around the problem. In contrast to the accusations that the blockchain only permits one transaction per block, the study stated that Cardano could handle hundreds of transactions each block.
“The rumors of Cardano’s death have been greatly exaggerated. There are solutions to the problems seen today, benefits to the ways Cardano has been designed, and both a bright future and an intense design discovery phase ahead,” SundaeSwap wrote.