16 - Understanding the Scalability Issue of Blockchain
Scalability has always been a problem for decentralized networks. Ever since the early days of Bitcoin, people in the blockchain space have been grappling with the question of how to scale decentralized networks to handle more and more users.
The Unstoppable Podcast · Diana Chen, Matthew Gould
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Show Notes
In this episode of the Unstoppable Podcast, Matthew Gould outlines the problems surrounding blockchain scaling and introduces an overview of the history of solutions. How do we improve the way we build on the blockchain so our networks can handle more activity and more transactions while supporting a wider range of activities?
Matthew explains the difference between Ethereum and Bitcoin in this context and covers some common concepts like smart contracts and gas prices. He also talks about some of the advantages Ethereum has over Bitcoin when it comes to things like building apps and software functionality.
We also discuss some of the key challenges involved in building and scaling on the blockchain, why they exist, and some of the different types of solutions we can employ now and in the future.
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