Blockchains Bandwidth Bottleneck: Breaking The Chains Of Scale
Blockchain technology, with its promise of decentralization, security, and transparency, has revolutionized various industries. However, its widespread adoption faces a significant hurdle: scalability. The ability of a blockchain to handle a high volume of transactions quickly and efficiently is crucial for it to become a mainstream technology. In this blog post, we will delve into the complexities of blockchain scaling, exploring different approaches and their potential to unlock the full potential of this transformative technology.
The Blockchain Scalability Problem
Transaction Throughput Limitations
One of the biggest challenges facing blockchain networks is their limited transaction throughput. Bitcoin, for example, can only process around 7 transactions per second (TPS), while Ethereu...