Elrond uses Adaptive State Sharding to achieve up to 15,000 TPS, enhancing blockchain scalability.
NEAR Protocol's Nightshade technology enables dynamic sharding for seamless scalability and efficient network operation.
Fantom's DAG structure and Lachesis protocol allow near-instant finality, handling thousands of transactions per second.
Scalability is a major hurdle in blockchain technology, often slowing adoption and user experience. But, some altcoins are tackling this issue head-on with innovative solutions that promise to reshape the blockchain landscape.
These three tokens—Elrond, NEAR, and Fantom—are pushing boundaries to solve the scalability problem in unique ways. If you're looking to understand how blockchain can grow without limits, these altcoins deserve your attention.
Elrond: Adaptive State Sharding for Massive Scalability
Elrond (EGLD) stands out with its groundbreaking approach to scalability. It uses Adaptive State Sharding, which divides the network into smaller parts called shards.
Each shard processes a fraction of the transactions, enabling parallel processing. This technique allows Elrond to process up to 15,000 transactions per second (TPS) with low latency and negligible fees.
The network also supports smart contracts and decentralized applications (dApps), making it a robust choice for scalability solutions.
NEAR Protocol: Nightshade Technology for Seamless Growth
NEAR Protocol (NEAR) is designed to handle the demands of a growing decentralized ecosystem. It employs a novel sharding technique known as Nightshade, which dynamically splits the network into shards as demand increases. This ensures that NEAR can scale effortlessly without compromising speed or security. With its focus on developer-friendly tools and efficient network operation, NEAR Protocol is a strong contender in the race to solve blockchain scalability challenges.
Fantom: Directed Acyclic Graph (DAG) for Lightning-Fast Transactions
Fantom (FTM) uses a different approach to scalability by leveraging a Directed Acyclic Graph (DAG) structure. Unlike traditional blockchains, where transactions are grouped into blocks, Fantom's Lachesis protocol processes transactions asynchronously.
This allows for near-instant finality and a massive TPS capability, currently handling thousands of transactions per second. Fantom is also compatible with Ethereum, making it a flexible and scalable solution for various blockchain applications.
Conclusion
Each of these altcoins—Elrond, NEAR, and Fantom—offers a unique approach to overcoming blockchain's scalability issues. As the demand for faster and more efficient networks grows, these projects are at the forefront of innovation, ensuring blockchain technology can scale to meet future demands.
The post 3 Altcoins Offering Unique Solutions for Blockchain Scalability: Elrond, NEAR, FTM appeared first on Crypto News Land.
