why scalability is so important for blockchian? - page 2.

Delilonia1

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Quote from: weidex on August 02, 2019, 09:23:44 AM

hey guys, why do you think scalability is so important for blockchian?

Scalability is highly important in block chain as it's very instrumental when large amount of data needs to be handled and the system has to adapt to the demand of various users. So if a system is not scalable, it becomes really difficult for users and things will get really complicated

rosezionjohn

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Well, it's an important factor for mass adoption. An individual would not want to wait for hours before his/her $10 payment gets processed on the blockchain. Most people now wants convenience and wants things to be done fast.

bigcash2011

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It is simple, without scalability and efficiency of the blockchain network the mass adoption can only remain a dream but if the top networks achieve the much required scalability then mass adoption can be a reality sooner than expected like ethereum is rapidly working on improvements and upgrades to get rid of scalability issues which is the need of the hour and great for its growth too.

JNR

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Quote from: ishirut009 on August 02, 2019, 10:23:48 AM

Quote from: weidex on August 02, 2019, 09:23:44 AM

hey guys, why do you think scalability is so important for blockchian?

scalability is very very important in the blockchain because scalability affects the transaction speed when sending money to other wallet. Scalability also serves as the basis if a coin/token can handle massive adoption.

also with scalability a blockchain can make a lot of transactions per second
thats why scalability is very important on blockchain technology

asriloni

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Quote from: weidex on August 02, 2019, 09:23:44 AM

hey guys, why do you think scalability is so important for blockchian?

It's important caused by the scability of the blockchain will help the adoption to the blockchain itself, imagine if the blockchain has low scalability and then people will get a high txfees and very long time to be approved by the block. The scalability is really important.
it can be used for the different purpose like built or created dapps too. it has so many advantages.

thiscomm

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that's the reason why now the blockchain is so famous that even now there are a lot of people who use bolckchain as a program for most banks there. the blockchain is a scalable will be a clue that the system is clear and secure. because on the blockchain program all the processes of sending or receiving are actually recorded by the server. nothing is missed. they record it using a code that only the sender and recipient can have so that it is unknown to others.

ishirut009

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Quote from: weidex on August 02, 2019, 09:23:44 AM

hey guys, why do you think scalability is so important for blockchian?

scalability is very very important in the blockchain because scalability affects the transaction speed when sending money to other wallet. Scalability also serves as the basis if a coin/token can handle massive adoption.

crwth

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This is from the top of my head only.

The reason why scalability is essential because the more people that use it, the more it could scale to the right capacity towards what it could handle. I think the increasing number of users of a particular cryptocurrency with scalability properties would be beneficial for the users themselves unlike without scalability and just a constant value that could be overloaded or something like that.

That's just my understanding about it.

weidex

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hey guys, why do you think scalability is so important for blockchian?

Topic: why scalability is so important for blockchian? - page 2. (Read 405 times)