But in order for blockchain to become mainstream in a financial and/or nonfinancial sense, it has to be scalable. In other words, it has to be built in such a way that a large number of transactions can be handled per second without compromising the effectiveness or security of the network .
Read moreWhat is scalability problem in blockchain?
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.
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