Blockchain technology offers tremendous benefits – decentralization, high levels of security, immutable record-keeping and trustless interactions. It has enabled a  cryptocurrency ecosystem to develop and has underpinned consistent technological innovation and bloom. However, one of the main problems with many blockchain networks is their scalability. Scalability is part of the Blockchain Trilemma: the balancing act […]

Scalability is a significant obstacle that restricts the widespread adoption of cryptocurrencies. If scaled properly, a blockchain network can handle millions to billions of transactions per second (TPS), bitcoin’s blockchain can only process an average of 7 transactions per second. This is not enough to make Bitcoin a suitable tool for handling the millions of […]