Tag: Blockchain Trilemma: Layered

Blockchain technology holds immense promise, but its widespread adoption hinges on addressing a critical challenge: scalability. The ability of a blockchain to handle a growing number of transactions quickly and efficiently is paramount for it to become a viable solution for global finance, supply chain management, and countless other applications. Let's dive into the intricacies of blockchain scaling and explore the innovative solutions paving the way for a more scalable future. The Blockchain Scalability Problem What is Scalability in Blockchain? Scalability, in the context of blockchain, refers to the ability of the network to handle an increasing number of transactions per second (TPS) without sacrificing speed, security, or decentralization. Blockchains like Bitcoin and Ethereum, in t...