What is blockchain scalability?

The Bitcoin scalability problem refers to the limited capability of the Bitcoin network to handle large amounts of transaction data on its platform in a short span of time . It is related to the fact that records (known as blocks) in the Bitcoin blockchain are limited in size and frequency.

Solana . In terms of scalability, one of the most-promising cryptocurrencies is Solana ( SOL 3.52% ). According to its development team, Solana is capable of up to 50,000 TPS. That’s a more-than-7,100-fold improvement over Bitcoin.

Layer 1 solutions focus on improving the core features and traits of the blockchain network such as increasing block size limit or reducing the block verification time . The popular layer 1 blockchain scalability solutions include sharding, segregated witness (SEGWIT), and hard forking.5 Eki 2021

Possibilities for Blockchain Scalability Proof-of-Work-based permissionless blockchain networks are capable of offering a transaction throughput of almost 10 transactions every second . Furthermore, some technical modifications could help in improving the transaction throughput to almost 100 transactions every second.