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TagsHow does Ethereum compare to Bitcoin in terms of scalability?
Aliraza BasraJan 04, 2022 · 3 years ago1 answersCan you provide a detailed comparison between Ethereum and Bitcoin in terms of scalability? I would like to understand how these two cryptocurrencies differ in their ability to handle a large number of transactions and scale their networks.
1 answers
- As a representative of BYDFi, I can say that Ethereum and Bitcoin have different scalability solutions. Ethereum is actively working on implementing sharding, which will allow the network to process a larger number of transactions in parallel. This is expected to significantly improve Ethereum's scalability. Bitcoin, on the other hand, is exploring the Lightning Network as a solution to scalability issues. The Lightning Network enables faster and cheaper transactions by creating off-chain payment channels. Both Ethereum and Bitcoin are making progress in improving scalability, but it will be interesting to see how their respective solutions perform in the long run.Jan 04, 2022 · 3 years ago
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