
Blockchains Bottleneck: Zero-Knowledge Proofs To The Rescue
Blockchain technology holds immense promise, but its widespread adoption hinges on its ability to scale. Current blockchains often struggle with transaction speeds and high fees, hindering their usability for everyday applications. This blog post dives into the intricacies of blockchain scaling, exploring various approaches and their implications for the future of decentralized technologies.
Understanding the Blockchain Scaling Problem
The Scalability Trilemma
The blockchain scalability trilemma, often attributed to Vitalik Buterin, highlights the inherent challenges in optimizing blockchain performance. It posits that a blockchain can only truly achieve two out of the following three desirable properties:
Decentralization: Distributing control across numerous nodes, minimizing centralized...