What is Blockchain Scalability?
Scalability is the blockchain network's ability to handle more transactions without slowing down or becoming too expensive. Just like a road becomes congested during rush hour, the blockchain also experiences congestion when too many transactions are processed simultaneously. Scalability aims to make cryptocurrency more accessible, efficient, and user-friendly for everyone.
How to fix scalability issues-
Enlarge blocks to process more transactions simultaneously.
Use payment channels like the Lightning Network to reduce congestion on the main blockchain.
Consider proof-of-stake to require less computational power, thus improving scalability
Scalability is a major challenge in the crypto world, however, networks like Solana and Binance Smart Chain are leading the way with promising solutions.
Crypto_Wrld
