What is scalability in blockchain?

Asked 4 years ago

I don't understand how blockchains could be scalable?

Arnav Hodges

Wednesday, March 23, 2022

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Scalability is the limited capacity of a blockchain to process large amounts of transactions within a short time. It is driven by the fact that network records/blocks are restricted in size and frequency. For instance, the on-chain transaction speed of the Bitcoin blockchain is limited by the average block mining span of 10 minutes and block size of 1 megabyte. These two factors restrain the network’s transaction processing capacity. 

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