What's blockchain scalability.....#004

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Good day to you all and welcome to the ongoing discussion or series about blockchain scalability.

In my previous post on this we have talked about what blockchain scalability is and ways we can improve scalability of blockchain network.

We also discussed about the importance of scalability to blockchain network.

And on my most recent post on this topic we talk extensively on, if scalability is the only need of a blockchain of which we highlighted other needs of the blockchain to function efficiently.

Today I will like us to dive into another interesting aspect of this topic, that is the dangers a blockchain will face when it's not scalable.

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What happens When A Blockchain Is Not Scalable

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If a blockchain is not Scalable then processing transactions becomes more of a struggle for that blockchain, now below are of the challenges the blockchain faces;

1) Transaction Congestion: When a blockchain is not scalable network becomes congested or experience bottleneck which means there will be delays or traffic in every transaction which needs processing.

Lack of scalability in a blockchain also means that before a transaction is confirmed by users on the blockchain that will have to wait a longer time than necessary and this makes the blockchain to loss it's efficiency.

2) High Transaction Fees: When there is transaction bottleneck on the blockchain due to its not being scalable it could lead to competition among users who want their transactions to be prioritized.

They often go as far as offering a higher transaction fee just to ensure their transaction are given attention to first which often spurs high cost of transaction in the blockchain hence serving as a deterrent for people who want to use the blockchain.

3) Limited Adoption and Growth: Businesses and enterprises will likely want to build or adopt a scalable blockchain than one that isn't because they want their transactions to be delivered efficiently.

We can therefore see that when a blockchain is not scalable it this serve as a hindrance to that chain adoption and will do little to attract new users in to the blockchain hindering it's growth in the process.

4) Centralization Pressure: Sometimes because of the congestions and disadvantages of having a chain that's not scalable some may want to counter this by trying to centralize a few of the blockchain components.

When this happens the blockchain is thereby in an effort to improve scalability contradict the decentralization of the blockchain which puts the blockchain in more security risk as it means power will now be in control of a few.

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Conclusion

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Indeed it's not easy to have a blockchain which is not scalable there are many dis-merit which we will can see and many others too which we will see in further discussions, so indeed it's important for blockchain to solve it's scalability issue.