Ethereum is gradually moving towards the rollup-centric roadmap. One of the EIPs, which will help in scaling Ethereum is EIP-4844, popularly known as “Proto-Danksharding.”
The blockchain trilemma suggests that blockchain cannot achieve scalability, security, and decentralization simultaneously. However, the layer-2 scaling solutions have come to challenge the thought system. It allows the mainchain to take care of security while maintaining scalable networks in its additional layers.
Arbitrum serves as a Layer 2 cryptocurrency platform. By implication, the security and protection of the Arbitrum interface and network come from Ethereum itself.
Similar to other network and software upgrades, Ethereum concerns birthed the various hard forks. It ranges from security, centralization, fees, scalability, and other Eth 1.0 limitations. Read more in this article.
THORChain is a decentralized cross-chain liquidity protocol that allows its users to trade digital assets from one blockchain to another in a frictionless, secured and decentralized manner.
Ethereum plasma technology is a second-layer scaling solution for growth. The Plasma technology enables child chains to be designed to meet specific use cases; especially those not currently feasible on the Ethereum blockchain. All decentralized applications that require users to pay huge transaction fees are best suited for Ethereum Plasma.
Optimistic Rollups (ORUs) are layer 2 solution technology helps to scale Ethereum smart contract and Dapps. Optimistic Rollups can scale the Ethereum protocol up to 100 to 2000 transactions per second (TPS). The major advantage it has over other scaling solutions is that it enables Turing-complete smart contracts on layer 2 using Optimistic Virtual Machine (OVM). Thus reducing user transaction cost.
The astonishingly Bull Run of Bitcoin in 2017 made Blockchain enthusiasts start looking into Blockchain scalability. Due to the popularity […]
What is supply chain management? The supply chain management is a process of managing a chain or network of activities, […]
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