Blockchain scalability, challenges and solutions

Assalam-U- Alaikum

How are you all steemians? I hope you all steemians will be safe and sound by the grace of Allah Almighty and I'm fine too Alhamdulillah. Today I am here to share my thoughts and knowledge about the blockchain scalability.

Introduction

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It is an important topic in the world of blockchain technology. The blockchain scalability is the capability of the network of the blockchain to control the increasing amount of the transactions effectively and efficiently.Within the increasing popularity of the blockchain it is very important to understand the importance of the blockchain scalability and it will be better for both users and the developers.

The technology of the blockchain has transformed the way we think about the storage of the data and about the transactions.When the more users use the application of the network of the blockchain the restriction of the scalability of the blockchain become apparent.The scalability of the blockchain is very important because it determines that how the blockchain can be maintained and grow without giving up the security of the blockchain.

The scalability of the blockchain is defined as the capability of a system to raise the output within the increasing workload.In the conditions of the blockchain, the scalability is the ability of the network to carry out the more transactions per second within the increasing the numbers of the users and also with the increasing amount of transactions.

The blockchain scalability can serve a large number of the users and increase the volume of the transactions without any delay or without any increasing fees.

Challenges of the blockchain scalability

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One of the main challenges of the scalability of the blockchain is the speed of the transactions.There is a limited number of the transactions of the popular blockchains such as Bitcoin. Within the increasing numbers of the users, the network of the Bitcoin can become crowded and it can cause make the fees of the transactions higher and the transactions can become slower.

The amount of the data which can be added in a single block in the blockchain is called as the block size. The blockchain with the larger size can handle a larger number of the transactions.

The decentralized is one of the central principles of the technology of the blockchain.The achievement of the blockchain scalability need trade offs that can compromise the nature of the decentralization.For example, the increasing size of the blockchain may need the more resources and it can be difficult for the smaller users to participate.

When the number of the users increases in the network of the blockchain, the command for the transactions can cause congestion. This can cause delays in the confirmation of the transactions and the fees of the transactions can be increased.This challenge of the blockchain scalability can affect the overall blockchain technology.

Scalability solutions

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We can process the large number of the transactions by increasing the size of every block.Some kinds of the blockchains utilise the PoW as their mechanisms of the consensus which can be slow.Changing to the more well organised consensus algorithms can Increase the scalability of the blockchain technology.

For the Bitcoin participants the network of the lightning allows the participants to make the channels of the payment that can make the off chain transactions.This will reduce the burden on the blockchain and the transactions can be performed faster.

A method which can split the chains of the block into smaller ones known as the sharding. It can handle each transaction independently.

Thank you all for reading my post.