Solutions to Scalability: Can Off-Chain Payments Scale Blockchain?

Scalability is one issue that has been troubling blockchain developers and is one of the biggest challenges before it can reach the masses. Below is the daily transaction chart showing transactions since October' 15. image source: etherscan.io The key here is that enough number of nodes must verify the transaction to confirm it as legitimate and to make sure that security isn't compromised, but few enough so as to allow the system to process...

Solutions to Scalability: Sharding Explained!

Cryptocurrencies have changed the ways of transactions whether they be business or personal. Below is a graph which shows the number of ethereum transactions per month over years. Image source: Etherscan.io It is impressive that cryptocurrencies such as Ether have grown so much over years. But the problem is that cryptocurrencies were not designed for such a widespread use. And as the virtual currencies have grown, many problems have surfaced. The most important and...

TrueBit – A scalable verification solution for blockchains

Scalability in blockchain Most popular debate in bitcoin community is that blockchain do not scale properly. It doesn't scale because every full node has to verify every transaction. The scaling doesn't really work well because of fixed block time (time between two blocks creation). If there are more and more transaction (meaning system grows); then every single node has to process more transactions in that fixed time. The transactions in Ethereum are more complicated than...

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