Exploring Blockchain Scalability: Techniques and Emerging Technologies
Year: 2024
Type: article
Abstract: Blockchain systems have attracted considerable interest because of their applicability in numerous fields, but the system-level scalability is a major constraint restricting the use of blockchain technology. In this paper, the author examines the scalability solutions available in the modern world by examining the layers of the blockchain architecture, which are the Layer-0, Layer-1, and Layer-2. Other solutions like sharding, block compression, and privacy-preserving computation were suggested and still, there are no effective solutions that could solve all present issues with blockchain system scalability. Based on the findings of this paper, several open issues and directions for further research have been described which are as follows: The dissemination protocol should be further optimized, more efficient leader election algorithms should be developed, several incentive and punishment schemes should be more enhanced, and more robust quantitative models for evaluating the efficiency of blockchain should be established. Thus, the findings underlined that only the combination of advancements at several levels is possible to create a large-scale, secure, and decentralized blockchain environment.
Author: Naithani, Khushi
Institution: National Post Graduate College
Language: English
Subfield: Information Systems
Field: Computer Science
Domain: Physical Sciences
Open Access status: hybrid
OpenAlex ID: W6930491858
FWCI:
Cites:
Cited by:
Related to: