A Solution To the Blockchain Scalability Problem – Meet Jax.Network
Being the next step in the evolution of human civilization, blockchain technology still hasn’t been mass-adopted. The biggest obstacle here is a limited transaction processing capacity. Existing blockchains like Bitcoin and Ethereum are only able to do about 7-10 transactions per second. This technological limitation has been called the blockchain scalability trilemma. If it is solved, blockchain technology can facilitate the creation of a decentralized global currency that can be mass adopted and the implementation of decentralized governance systems, immutable data storage systems,....
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Scalability is a significant aspect of every blockchain-based solution. Several blockchain networks today, including the popular Ethereum and Binance Smart Chain, struggle with scalability issues. However, Jax.Network has established sharding as the absolute solution to this age-old problem. Using precise sharding technology allows the Jax.Network blockchain to scale the network as the demand for transactions […]
The new technology, Teechan can provide an easier scalability solution for the Bitcoin blockchain. The Bitcoin scalability debate has been going on for a while now. The developer community is divided between the hard fork and soft fork and both the approaches are being backed by some of the prominent names in the ecosystem. As the community struggles to reach a consensus, a new Bitcoin scalability solution in the form of Teechan has now entered the picture. Teechan is a creation of developers from Imperial College London and Cornell University, led by professor Emin Gun Sirer. Teechan....
It’s all about the Lightning Network in Bitcoin land. This decentralized micropayments system unlocked Bitcoin’s scalability problem and unleashed the possibility of hyperbitcoinization into the world. Not only that, since this Layer 2 solution was created with the Bitcoin ethos in mind, it offers similar security guarantees. It all runs over the Bitcoin blockchain, even […]
PRESS RELEASE. Metria Network, the much-awaited solution for the entire crypto industry will be within reach soon. The chain agnostic decentralized infrastructure is designed to meet the needs of new-age DeFi and NFT applications by overcoming the issues of scalability, interoperability, and fragmentation of liquidity.
Currently under development, the Metria multichain platform is a Polygon-based ecosystem that combines the necessary features and enhancements required to enable seamless transfer of digital assets and liquidity across protocols. While a Polygon native platform,....
Optimism has garnered interest from the most influential figures in the crypto Industry like Vitalik Buterin. Ethereum is plagued with criticisms of its less than optimal scaling capabilities and high gas prices. There have been talks about increasing the scaling capacity of the Ethereum mainnet for a while now. However, the Ethereum ecosystem needs a solution for scaling right now, and if Ethereum is not able to give these new applications a platform with enough scaling capabilities, they can seek alternatives like the BNB Chain or Cardano. Optimism rollout was created to solve exactly....