The blockchain network was created to allow people to interact without the need for a central authority or government. All member nodes have equal rights to administer and manage the network’s transactions without any controlling authority. However, as the number of nodes grows, a scalability issue in blockchain has arisen.
Although this issue has surfaced for a long time, we currently have several solutions to this problem, such as sidechains, sharding, and rollups. These solutions limit the issue of scalability to greater lengths. Thus, one can consider scalability to be a dissolved issue at this rate. Let us first understand what scalability means and which factors affect it.
Scalability refers to the platform’s ability to sustain a rising number of nodes and transactions. The following variables determine it:
Scalability has long been a problem associated with blockchain, but the solutions mentioned above provide promising solutions to this problem. Many blockchains are already using these to prevent their networks from having ample response time or high transaction fees. For example, Polkadot uses sharding, and Ethereum uses ZK-Rollups. Thus, one can expect more such solutions to the scalability issue of blockchain that will ensure smoother transactions over the platforms.
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