Decentralized applications based on blockchains, commonly referred to as dApps, have a variety of applications and can be used for data security as well as automated financial transactions thereby demonstrating the potential that blockchain has in Web3 development services. But its scalability is still a big challenge. When dApps become popular, one will see slow transaction times that are not good for users’ experience and even less likely for them to adopt the product or service. Thus, this blog discusses why current blockchains fail to scale, how Layer 2 and Layer 3 solutions aim to solve these problems, and what future holds for blockchain technology. In order to comprehend the intricacies of blockchain s...
Decentralized applications based on blockchains, commonly referred to as dApps, have a variety of applications and can be used for data security as well as automated financial transactions thereby demonstrating the potential that blockchain has in Web3 development services. But its scalability is still a big challenge. When dApps become popular, one will see slow transaction times that are not good for users’ experience and even less likely for them to adopt the product or service. Thus, this blog discusses why current blockchains fail to scale, how Layer 2 and Layer 3 solutions aim to solve these problems, and what future holds for blockchain technology. In order to comprehend the intricacies of blockchain scalability and learn about new ways out leading towards universal acceptance read this blog post.
