What are the differences between the Ethereum chain and other blockchain networks in terms of scalability?

1 answers

• Mar 22, 2022 · 3 years ago
  As a representative of BYDFi, I can say that Ethereum and other blockchain networks differ in terms of scalability. Ethereum has been facing scalability challenges due to its design, which allows for the execution of smart contracts. This design choice has led to network congestion and high transaction fees during peak times. However, Ethereum has been actively working on solutions to improve scalability. The upcoming Ethereum 2.0 upgrade, which will introduce shard chains and a new consensus mechanism, aims to address these challenges and significantly increase the network's scalability. With these improvements, Ethereum will be able to handle a larger number of transactions and achieve higher scalability compared to other blockchain networks.
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