Old daemon and wallet version 0.18.2
What limits the scalability of blockchain?
Consensus protocols have a critical needs for validation of transaction in existing public blockchain(Ethereum, Neo, Ripple, Bitcoin etc.): each transaction has been validated while participating every node on the network, and the transactions are stored in the ledger, and each node must maintain the copies. These needs are what imparts, blockchains to their key characteristic-“decentralized”
In a decentralized system, then number os transactions which increase network and to process and stores which also increases. The data in each transaction should be travel more before storing and validating by every node on the network when the nodes on the network increases. This makes the blockchain scalability reduces the network size increases. Public blockchain consensus protocol, compelled to pick the decentralized over high transaction throughput.
Moreover, approximately 900+ dapps are built on the ethereum network. Transaction throughput about 15 transactions per second. Ethereum has a powerful capability to handle the current transaction volume and capacity to manage the future expected transaction volume. Finally, the blockchain network is barely scalable than others, blockchain technology slowly enter the gaming industry to show the effect of the latest technology.
j_scheibel last edited by | Tip j_scheibel
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