How do you increase scalability in blockchain?

Asked 2 years ago

I've been spending a lot of time researching the scalability trilemma and scalability in blockchain. I'm wanting to understand the factors that affect scalability. How does one increase scalability in blockchain? What are the factors that affect this?

Defi Decentralization Decentralized finance Scalability

Carl Holt

Saturday, May 28, 2022

There are four factors that affect blockchain scalability: limitations, gas fees, block size, and response time. These issues can be solved through:
Better consensus mechanism – though Proof-of-Work (PoW) consensus mechanism provides reliable security, it is significantly slow. On the other hand, the Proof-of-Stake (PoS) mechanism reaches consensus via choosing validators in line with their network stakes. 
Sharding - this is the breaking down of large transactions into smaller data sets known as shards. The blockchain then processes the shards concurrently, facilitating sequential work on several transactions. 
Nested blockchain – this is a decentralized blockchain infrastructure connected to the primary blockchain to help it process transactions. Generally, it facilitates the implementation of transactions through a unified network of secondary chains. 