Crypto Academy Week 15 - Homework Post for [@alphafx] Scalability and Improvements Made and Still to be made

The excellent task of professor @alphafx tells us this week about the scalability of the Binance Smart chain, TRON blockhain and BTC platforms, asking us what improvements can be made to improve it.

Scalability is nothing more than the capabilities that a system may have for better performance on its platform, thus achieving operations and movements at higher speed per seconds. The improvements and growth that a platform may have also depend a lot on the scalability that they may have, guaranteeing better performance and quality in the system.

_{image of my property edited in canva}

• Make a transaction on Binance Smart Chain and Tron blockchain (you can use any token)

To make a transaction from Tron blockhain, what I did was go to my TRINLinkPro wallet:

As you can see, I have an active balance of 27,782 TRX, to send my TRX to another address, what I have to do is the following:

• Click on where it says "Send"

• In the first box to fill in I will place the address where we are going to send them (in this case I will send them to Binance)

• In the second box to fill in we will cook the amount of TRX that we want to send, in this case I sent them all.

• We will click on where it says "send" to finish

• It will come out to confirm our operation, we will review it well, and we continue.

• It will ask us for the key to our TRONLinkPro wallet.

And the TRX will automatically be sent to Binance, without any commission.

To carry out an operation from Binance, what we have to do is the following:

• We enter the main page

• We are going to click on where it says "wallet".

• In the SPOT section we will get a small search engine, in which we will place the currency that we are going to send, in this case I used TRX again

• We are going to click where it says "Withdraw"

And the following will appear:

• Where it says "Address" we are going to copy the link of the address where we are going to send it, in this case I am going to send them back to my TRONLinPro wallet, so I copied the address from it.

• I placed how many TRX I wanted to send, and as you can see they will take 1 TRX in commission.

• I clicked on "Withdraw"

And my TRXs were sent which were 26.782087.

It took a few minutes to complete the phases to finish the confirmation process and voila.

• Shows the time required to verify each transaction (original screenshots must be included)

When performing each operation on each platform, I could notice how both have a time difference, one took longer than the other, in this case when performing my operation on TRON blockchain:

• You may notice that I performed the operation at 15:19: 27 seconds.

• I went to Binance, in the notification area to check what time my transaction had arrived:

• I could notice that it arrived at 15:20: 44 seconds

• From what he deduced that it took about 1 minute to get to the Binance platform.

When placing my trade on the Binance Smart chain platform, I could notice the following:

• My operation was performed at 15:51:33 seconds

• When checking my wallet in TRONLinkPro I could notice that my TRX arrived at 15:53:33 seconds

From what he deduced that it took about 2 minutes to get from Binance to my wallet on TRON.

• Compare the scalability and speed of the two with BTC

With facts and screenshots we have been able to notice the differences in speed of each of the platforms when carrying out our operations.

TRON blockhain is the fastest in speed and scalability, with only 1 minute of time it took to reach the Binance platform, and if we analyze its structure, TRON is faster in transaction speed and scalability than Binance and BTC . Thanks to its fully decentralized system, it allows us to carry out multiple transactions per second, becoming more scalable than other platforms with greater dominance in the market, this is also due to its great liquidity support, charging very low costs in its transactions in commissions.

We could see how when I made my operation to Binance, it did not charge us absolutely nothing in commission.

In second place is the Binance Smart chain platform, the speed with which the transaction was completed was of a greater delay than that of TRON blockchain, so it leaves it second in scalability and speed, this is also due to which is a fully centralized system. And if we can notice their expenses in commissions, it is higher than that of TRON.

In third place we have BITCOIN, despite being the most dominant currency in the market, it is one of the first to be developed, so its scalability and speed is not the fastest compared to other current projects, such as It is TRON blockchain, this is because its chain of blocks contains a limited capacity to store, achieving that the speed in its transactions is not instantaneous, if not of approximately 10 minutes.

That is why we can compare and analyze that the largest platform to obtain better scalability and speed is TRON blockchain, coming in first place, along with a lower cost in commissions when making payments. Then we have Binance smart chain with its centralized system that takes a little longer to execute operations, with a higher cost is commissions (compared to TRON). And finally, we have Bitcoin in third place, with very little scalability when carrying out its operations and slower speed, due to its short capacity in its blockchain.

• What do you think can be done to improve the scalability of these three (BTC, Tron, Binance Smart Chain)?

I consider that one of the factors to improve scalability in the platforms for better use and performance would be the decentralized system, however there are other factors to deal with such as:

• To achieve better scalability in a system, it is essential to have more space in the block chain, which is what stores the information (this is what happens with Bitcoin), and a possible solution for that would be to distribute part of information stored in the blocks, in a separate compartment, thus achieving a greater amount of space, managing to perform operations on a larger scale per second, and faster.

• Off-chain solutions are protocols that reduce the information in the main block chain, ensuring that the blocks are not saturated with so much information, in order to obtain greater processing speed.

• Another possible solution would be the implementation of another blockchain apart that accumulates part of the main information, such as the "SIDECHAINS", this does not affect the information of the main blockchain at all, much less our funds, since they can move in both directions.

• Payment channels are efficient alternatives to improve scalability in systems, since the transaction information will not be reflected in the main block chain, which results in not overloading the initial block information.

These would be possible solutions for scalability improvements in systems that present this type of failure.

Conclusion

To conclude with my task of professor @alphafx, we were able to notice and understand how scalability affects each of the previous platforms, and how important it is for the use and operation of each one.

We could notice how TRON blockhain being one of the projects with the shortest time and evolution in the market, it is one of the best with greater scalability and speed, and we could see how Binance Smart chain and BTC being large projects with enough time, do not present these qualities compared to TRON.

However, both platforms present their advantages and benefits in the cryptoactive market, we only have to investigate and analyze very well which is the best for our use when carrying out this type of operation.

(all screenshots are my property)