Why is scalability important in blockchain?
Asked 10 months ago
I'm struggling to understand the relevance of scalability to blockchain. Why is scalability important in blockchain?
Tuesday, May 31, 2022
Scalability is the capacity of a blockchain to handle large transaction throughput. Whether a user wants to join a blockchain network, use decentralized applications in a prime-time rush, or break out from a centralized walled garden, the experience should be excellent to return or invite friends to try it. Therefore, scalability is an essential ingredient for a network’s future growth.
The rising number of applications and the adoption of blockchain technology should not weaken the performance of a completely scalable network. When a network scales beyond its baseline needs, it becomes cost-effective to run. Besides, scalability enables blockchains to compete effectively with traditional, centralized ledgers.
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