11 Most Promising Blockchain Scalability Solutions in 2023 (with Examples)
*scalability problems require scalability solutions*
Blockchain faces a scalability problem due to limited transaction throughput, slow confirmation times, and resource-intensive consensus mechanisms. As user bases grow, demand for transactions increases, causing congestion and hindering the widespread adoption of blockchain technology.
Solving scalability is crucial for enhancing user experience, supporting real-world applications, and ensuring the competitiveness of blockchain networks in a rapidly expanding industry.
Here, I’ll explore the main blockchain scalability solutions available in 2023, dividing them into on-chain and off-chain solutions.
5 On-Chain Scalability Solutions
On-chain scalability solutions, also known as ‘first-layer scalability solutions,’ refer to scalability improvements made directly on the blockchain’s base layer, and include methods like:
- Sharding
- Consensus algorithm optimization
- Forking
- Dynamic block size
- State rent
