Discuss the list of factors and solutions affecting scalability and interoperability of Blockchain network?
Question
Discuss the list of factors and solutions affecting scalability and interoperability of Blockchain network?
Solution
Scalability and interoperability are two significant challenges that blockchain networks face. Here are some factors affecting these aspects and potential solutions:
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Network Size: The larger the blockchain network, the more difficult it becomes to manage and scale. This is because every transaction needs to be processed by every node in the network, which can lead to congestion and slow transaction times.
Solution: Implementing sharding, where the network is divided into smaller pieces or 'shards', each capable of processing its transactions and smart contracts.
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Block Size: The size of each block in the blockchain also affects scalability. Larger blocks can hold more transactions but take longer to process.
**Solution
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