Is There A Blockchain Scaling Problem – And What Is It?

A lot of people lately are talking about a potential blockchain scaling problem. Today, we are reviewing it briefly with all the important things you need to know about it.
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Every blockchain has one very familiar characteristic and that is, of course, decentralization. Why is this important to know? All cryptocurrencies such as Bitcoin, Ethereum or Ripple are very limited: every node that takes part in the network must process every single transaction.

So, when every node processes every transaction, the node keeps a copy of all the information. So, there cannot be more transactions made than a single node that takes part in the network. This also means that if more nodes are added to the network, the blockchain will get weaker. So in order to scale, every blockchain protocol must find out a mechanism to limit the nodes that participate in each transaction and at the same time to try not to lose the network’s trust.

There have been, however, some proposed solutions from both Bitcoin and Ethereum which I think some have already been implemented. I’ll just name a few here:

1. Segwit

2. Proof of Stake

3. Plasma

You can read more about Blockchain technology and more HERE.