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Limiting the number of participating nodes

  • Since every node is not allowed to validate every transaction, we somehow need nodes to have a statistical and economic means to ensure that other blocks are secure.
  • There must be some way to guarantee data availability.
  • Transactions need to be processed by different nodes in parallel in order to achieve scalability. However, transitioning state on the blockchain also has several non-parallelizable (serial) parts, so we’re faced with some restrictions on how we can transition state on the blockchain while balancing both parallelizability and utility.

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MORE IDEAS ON THIS

Blockchain rent

Blockchain rent is a solution that aims to reduce the amount of data that is stored on the network in order to help speed up transaction times.

With Ethereum, users pay for computational steps, memory, transaction logs, and permanent storage. While most of these are resour...

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Proof of stake

Similar to Proof-of-work, Proof-of-Stake is a consensus mechanism which underpins security of the blockchain by preventing doubles...

13

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Decentralized storage

The basic premise here is that instead of nodes storing everything on the blockchain, they only store data that is more frequently requested locally and leave other data on the “cloud” via Swarm.

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29 reads

Why isn’t the blockchain scalable?

Why isn’t the blockchain scalable?

Currently, all blockchain consensus protocols (eg. Bitcoin, Ethereum, Ripple, Tendermint) have a challenging limitation: every fully participating node in the network must process every transaction. Recall that blockchains have one inherent critical characteristic — “decentraliza...

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