Contest Alert || "Blockchain Scalability"

Assalam O Alaikum

Hello dear friends! Welcome to my post. How are you all? I hope you will be doing well by the grace of Almighty Allah. I'm also fine and enjoying my day. Today I'm here to participate in this amazing contest which is organized by @khursheedanwar in this Steem4bloggers community. The topic of this contest is about "Blockchain Scalability". So let's start without any more delay of time.

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What do you know about Blockchain Scalability?

Scalability, a very crucial aspect of blockchain technology because it has a great role in validating transactions. So we can say that the, ability of a blockchain network to record and validate a large number of transaction at the same time, is known as blockchain scalability. As we know, in the landscape of finance and digital currencies, the use of blockchain technology is increasing massively and the great network like Bitcoin and Ethereum are also utilizing it.

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_Freepik

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The rapid increase of blockchain technology is creating significant challenges regarding their scalability, because, when a large number of people validate transaction at the same time, it leads towards the network congestion. That aspect is quite similar to the road with a great traffic on it. Son when the number of vehicles on road increases, it leads towards traffic jam and on the other side, when the transactions increase on the network it leads towards network congestion.

Why is Scalability important for a blockchain network?

The scalability, is very important to make a network more efficient and reliable for the people because the people want to validate their transactions smoothly, seamlessly and quickly with a very low amount of fees. But, when a network is less scalable, it creates major problems for the people who are on that network. Just imagine, you are riding a car on the road and going anywhere but you heard a news about the traffic jam on the same road on which you are driving, so in that situation, what you will do?

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_Freepik

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Yes definitely, you will change the route and will reach your destinations through another road without any traffic jam. The same thing happens with the network with a lot of scalability issues. As when the people heard about the network's scalability issues and found that network is less scalable, in results, they will validate their transactions on any other network efficiently and smoothly. Due to all these reasons, the scalability is very important for a network.

How scalability can be improved?

Yes indeed, the scalability of blockchain network is creating significant challenges for the people by making the process of validating transactions slow and less seamless. But since the past few years, many techniques has been introduced to improve the scalability of blockchain networks to make it more reliable and faster. So according to me, the following steps or techniques can be helpful to improve the scalability of a blockchain network:

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_Freepik

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1. Layer 2 solutions

• The layer 2 solutions like side chains and state channels can improve the scalability of blockchain network because they validate the transactions off to the main chain which reduces the load on main chain and then, the recorded transactions can be settled again on the main chain without affecting its scalability.

2. Sharding Techniques:

• The sharding techniques also has a great role in maintaining the scalability of blockchain network, because in that technique, the network splits into two parts and each of them record a specific number of transaction which makes the network more efficient and scalable.

3. Consensus Mechanisms:

• The consensus mechanisms like proof of work (Pow), proof of stakeb (PoS) and proof of authority (POA) etc use different types of validators and mechanisms to record the transactions which results in an increase in the scalability.

So friends, that was my entry about that topic and I hope you will enjoy reading it. Now it is a time to say goodbye to everyone and I want to invite my friends @jannat12, @owulama and @entity01 to take a part in this amazing contest.

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Written by @abdullahw2

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