What Scalability Of Blockchain....#001

source

Today am very excited and will be talking about one key feature of blockchain technology, infact it's a very important feature that's scalability.

Scalability is one feature that has eluded most sophisticated blockchain network like the bitcoin and ethereum blockchain but very necessary for smooth running of the blockchain and wide acceptability, that begs the question, what is scalability as it refers to blockchain network?

---

---

What's Scalability

---

---

When we mention scalability in blockchain network it simply involves how efficiently blockchain network can handle transactions and at what speed and the number of transactions it's able to handle in a limited time.

A blockchain able to handle thousands of transactions efficiently in mere seconds it looked as by all as a scalable blockchain network and indeed this is one important feature that helps or make it possible for the great masses to adopt the use of a blockchain as scalability is appreciated by all.

---

---

Ways To Improve Blockchain Scalability

---

---

Sharding: Sharding in blockchain is the process of spliting blockchain network into small pieces with one sole goal which is being able to process transactions in parallel in a blockchain.

Layer 2 Solutions: This is another way to improve scalability on a blockchain and this is done by constructing another layer ontop of the main chain to enable it handle off-chain transactions and ease network congestion on the blockchain.

Consensus Mechanism Optimization: Changing the algorithm on which a network functions is another way to improve scalability as it could help improve transaction.

Off-Chain Transactions: This is also another good approach and involves recording only the final output on the main blockchain while the rest of the transactions are being done off-chain which will enhance speed and also help to eliminate or at the very least reduce congestion on the network.

Parallel Processing: This is a very good for scalability on a block chain network, as optimization for parallel processing helps increase transaction speed.

---

---

Conclusion

Scalability is all about transaction speed and processing many transactions and this is a feature that attracts many people to a blockchain hence it's necessity, needed by every blockchain no wonder all are working to adopt or adjust their network to be scalable, next we will see some scalable blockchain network.

---

---