Blockchain Scalability

The ability or capacity of blockchain to perform transactions, store them, and reach consensus as new users join the platform. Blockchain technology is in a high position in trust minimization. Brand reputation, paper contracts, and replacing handshake are the key features of blockchain technology based on cryptography and decentralized consensus. Blockchain technology unlocks pre-existing users and newcomers, scalability is performing a key role in research and development. For a better understanding of the scalability, we need to differentiate it from traditional computing.

Traditional computing vs Scalability

Blockchain is better than traditional computing in three ways which are deterministic computation, credible neutrality, and end-user verification. Moreover, blockchain deals with an internal ledger of data. This ledger shows ownership information, contract state, and other raw information. The network of the blockchain is managed by block users and full nodes. Block users are minors in PoW and Chain in PoS. The submitted block or accepted or refused by full nodes.
The three key features of blockchain scaling are blockchain execution, blockchain storage, and blockchain consensus. In the next lecture, I will discuss these features in detail.

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