Tag: Layering Up:

Blockchain technology, lauded for its security and transparency, faces a significant hurdle on its path to widespread adoption: scalability. While the promise of decentralized applications (dApps) and secure transactions captivates, the current infrastructure of many blockchains struggles to handle the transaction volumes required for mainstream use. This post delves into the multifaceted world of blockchain scaling, exploring different approaches, their benefits, and the challenges they present. The Blockchain Scalability Problem Transaction Throughput Limitations The scalability problem in blockchain boils down to the limited number of transactions a blockchain can process per second (TPS). Bitcoin, for instance, handles approximately 7 TPS, while Ethereum manages around 15-30 TPS (befor...