Scaling blockchain systems: The real challenge

By Sander Gerz

Elevator Pitch

Let’s look at the various options for scaling blockchains and their potential of breaking the adoption barrier.

Description

Distributed ledgers, or blockchains, have the potential to disrupt and improve many industries and centralized systems. However, the primary reason for holding back on blockchains is the speed of processing. While centralized systems can process thousands of transactions per second, Ethereum handles about 15. To improve scalability, we need to consider and measure this attribute against security en decentralization. A large number of scaling solutions are currently in the works. We’ll look at the various solutions and their potential to break the adoption barrier.