What are the key challenges in blockchain scalability?
An example of an AI chatbot conversation about the future of blockchain scalability.
What are the key challenges in blockchain scalability?
The main challenges include transaction speed, network congestion, and the trade-off between decentralization and scalability.
How do layer 2 solutions help with scalability?
Layer 2 solutions, like Lightning Network, process transactions off-chain, reducing congestion and increasing speed.
What are some promising technologies for improving scalability?
Technologies like sharding, sidechains, and rollups are being explored to enhance blockchain scalability.
Can you explain sharding in simple terms?
Sharding is a method of splitting a blockchain into smaller, manageable pieces called shards, allowing parallel processing.
What impact will scalability have on blockchain adoption?
Improved scalability can lead to faster transactions and lower fees, making blockchain more appealing for mainstream use.
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