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  Published Paper Details:

  Paper Title

Building Scalable Blockchains: Strategies, Trade-offs, and Future Directions

  Authors

  Dr. Gopal Pardesi,  Diksha Pardeshi

  Keywords

Blockchain, Scalability, Consensus Algorithms, Sharding, Off-chain Transactions, Sidechains, Layer-2 Protocols.

  Abstract


The potential of blockchain technology to revolutionise several sectors has attracted a lot of interest in recent years. Scalability has, however, become an important issue that prevents the mainstream adoption of blockchain networks as their size and usage continue to increase. This study provides a thorough analysis of the scalability problems in blockchain networks and considers various remedies. We examine the basic limits of the blockchain designs that are currently in use, including those related to consensus techniques, network capacity, and storage needs. We also look into a number of scaling ideas that have been put up in the literature, including layer-2 protocols, sidechains, off-chain transactions, and sharding. Additionally, we go over the compromises made by various solutions and assess how well they work to increase blockchain scalability. This study attempts to give important insights into the scalability issues blockchain networks confront and proposes a path for further study in this field.

  IJCRT's Publication Details

  Unique Identification Number - IJCRT23A5400

  Paper ID - 238554

  Page Number(s) - l786-l797

  Pubished in - Volume 11 | Issue 5 | May 2023

  DOI (Digital Object Identifier) -   

  Publisher Name - IJCRT | www.ijcrt.org | ISSN : 2320-2882

  E-ISSN Number - 2320-2882

  Cite this article

  Dr. Gopal Pardesi,  Diksha Pardeshi,   "Building Scalable Blockchains: Strategies, Trade-offs, and Future Directions", International Journal of Creative Research Thoughts (IJCRT), ISSN:2320-2882, Volume.11, Issue 5, pp.l786-l797, May 2023, Available at :http://www.ijcrt.org/papers/IJCRT23A5400.pdf

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ISSN: 2320-2882
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Journal Starting Year (ESTD) : 2013
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ISSN and 7.97 Impact Factor Details


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ISSN: 2320-2882
Impact Factor: 7.97 and ISSN APPROVED
Journal Starting Year (ESTD) : 2013
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