Blockchain in itself is beneficial for people and organizations using it. Here’s what you can expect when you add scalability further into the mix.

1. Data structures

Blockchains are already built on many enterprise networks and structures. With scalable blockchain, this expands even further, where each transaction runs on blocks and nodes. By improving the performance of elements such as throughput, finality, and confirmation time, scalable blockchains provide highly capable platforms for innumerable transactions.

2. Processing power

The more scalable a blockchain is, the more opportunities it can cater to a wider community. The performance of the blockchain won’t decrease as use cases and acceptance increase, creating a continuous cycle of growth.

Blockchain networks that scale to compete with legacy, centralized platforms have incredibly superior network settlement times and usability.

3. Autonomy

With scalable blockchain, businesses can perform their tasks and processes quickly because they have immediate access to and control over data. As such, data sharing among business organizations, employees, customers, suppliers, etc., is more straightforward.

4. Immutability

Data in a scalable blockchain is tamper-resistant because of the economic based Proof-of-Work consensus algorithm used. Any alteration of a previous transaction would make a block no longer validate, and as long as more blocks are built on top of it, the cost to rewrite a transaction exponentially grows with each block built on top of the last. In addition, shared replication, reverting prohibited alterations or deletions, routine database backups, and cryptographic signatures of all transactions, blocks, and votes are some methods used to accomplish this.

5. Transparency and auditability

Every confirmed transaction in the blockchain is timestamped and kept on the block. As a result, other nodes on the network can quickly confirm and follow the previous transaction. For instance, every transaction in Bitcoin is linked to the one before it via a hashed connection, demonstrating the auditability of the saved data.

6. Security

Better data security is an end goal of most, if not all, businesses. A globally scalable blockchain means it is secure, encouraging more entities to use it because of the reduced risk of fraud and unauthorized transactions.

Scalability is the Future of Blockchain Technology

The growth and mass usage of blockchain calls for its scalability. This scalability is crucial to how businesses and industries innovate their products and services to ensure fast transactions, data security, and transactional costs for technology users.

#bitcoin #scalability

Hedera Hashgraph is a distributed ledger technology (DLT) platform that uses a consensus algorithm called the Hashgraph to achieve fast, secure, and fair transactions.

The Hashgraph algorithm was created by Dr. Leemon Baird and his team, and it is based on a directed acyclic graph (DAG) data structure that allows for high throughput and low latency.

The Hedera network is designed to support decentralized applications (dApps) and enterprise-grade solutions, such as supply chain tracking, identity management, and payment processing.

It offers several features, including smart contract support, tokenization, and file storage, and it has its own cryptocurrency called HBAR.

Hedera Hashgraph is governed by a council made up of a diverse group of organizations, including Google, IBM, and LG, which helps to ensure the platform's stability and scalability.

Additionally, the platform is built to be energy-efficient, with a low carbon footprint compared to other DLTs like Bitcoin and Ethereum.

Overall, Hedera Hashgraph aims to provide a fast, secure, and scalable alternative to traditional DLT platforms and has gained traction in industries such as finance, healthcare, and supply chain management.

#Binance #hedera #hashgraph #blockchain #scalability

Introduction

In the dynamic landscape of blockchain technology, #Sei emerges as a paradigm-shifting solution, presenting a specialized Layer 1 blockchain meticulously engineered for digital asset exchange. Powered by an innovative consensus mechanism and groundbreaking technical advancements, Sei proudly distinguishes itself as the industry's fastest blockchain. This article delves into Sei's overarching vision, its strategic approach to address exchange scalability, and the array of cutting-edge features it offers, rendering it an optimal choice for seamless trading across diverse sectors.

Sei's Vision: Empowering Global Trading Efficiency

At its core, Sei envisions a pioneering role as the global superhighway for trading activities, seamlessly connecting diverse digital asset ecosystems encompassing gaming, social assets, and #NFT platforms. Embracing this overarching vision, Sei aspires to become the go-to blockchain platform, facilitating efficient asset exchange across renowned networks such as Steam, Amazon, Nasdaq, Sandbox, OpenSea, and Uniswap.

Addressing the Exchange Scalability Conundrum

The quintessential use case of blockchains lies in their ability to facilitate digital asset exchange. However, incumbent Layer 1 blockchains grapple with a central challenge - exchange #scalability . To surmount this obstacle, Sei adopts a strategic approach, positioning itself as the first-ever Layer 1 blockchain expressly tailored to optimize trading functionalities. Methodically optimizing each layer of the stack, Sei aims to surmount the challenges faced by traditional exchanges, ushering in a new era of streamlined and efficient asset exchange.

Key Features of Sei

Unrivaled Speed to Finality: Sei stands apart from its peers with its unparalleled speed to finality, boasting a lower bound of 300 milliseconds. Such expeditious transaction confirmations pave the way for lightning-fast trades, effectively mitigating transaction bottlenecks.

Twin-Turbo Consensus: Propelled by its twin-turbo consensus mechanism, Sei exhibits unrivaled performance, offering industry-leading transaction throughput. This innovative protocol empowers the platform to execute an elevated volume of trades in significantly reduced timeframes.

Market-Based Parallelization: A distinct advantage of Sei is its market-based parallelization feature. By capitalizing on this cutting-edge technology, Sei seamlessly processes multiple trades concurrently, amplifying scalability and expediting transaction processing.

Native Matching Engine: Sei's native matching engine equips exchange teams with the essential tools to offer a fluid and efficient order matching experience. This crucial feature enhances the overall trading ecosystem and elevates user satisfaction.

Frontrunning Protection: In a bid to ensure equitable trading conditions, Sei implements robust frontrunning protection measures, effectively combatting malicious frontrunning that has been pervasive in other blockchain ecosystems. This safeguard bolsters the platform's security and fosters a trustworthy trading environment.

Conclusion

Sei emerges as a vanguard of blockchain innovation, epitomizing a specialized and high-performance solution tailored to meet the demands of digital asset exchange across diverse sectors. Equipped with a strategic vision to revolutionize the landscape of trading activities, Sei sets forth to reshape the future of decentralized exchanges. As the crypto landscape continues to thrive and the appetite for on-chain trading soars, Sei's role as a trailblazing and performance-driven blockchain stands resolute, poised to shape the trajectory of digital asset exchange in the decentralized era.

#Binance

#crypto2023

#zksync #zkEVM #Ethereum #ETH #scalability

Scaling Ethereum is not just about improving transaction throughput, costs, or user experience; it's about scaling freedom, trustless, barrierless, and permissionless economic cooperation. And the zkSync team is doing just that by enabling more freedom through its technology. zkSync Era Mainnet opens the gates to the world’s first zkEVM Mainnet, in a permissionless manner for everyone to use. The technology has undergone robust testing, multiple tier-1 security audits, public contests, and bug bounties. Developers, projects, and users can build on and bridge funds to experience the power of zkEVM.

Scaling blockchains is difficult, but zkSync has made it possible through succinct zero-knowledge (ZK) proofs. The technology is capable of enforcing the integrity of arbitrarily large computations, verifiable by anyone with no more than the power of a smartphone. In December 2020, zkSync launched zkSync Lite, a simple ZK-rollup for payments that has been live on Mainnet. Two years later, zkEVM was introduced, and the vision of scaling Ethereum's smart contracts without compromising on security, decentralization, cost, or performance was realized.

Security is a top priority for zkSync, and the team has spent over a year and millions of dollars testing and auditing all components of zkSync Era. The system has undergone seven independent security audits, three internal audits, two public security contests, and an open-ended bug bounty program. The zkSync Era code is also open-sourced. Before the Mainnet launch, zkSync Era was tested on a testnet since February 2022 and on Mainnet since October 2022. The system will remain in Alpha while the team monitors the system with increased usage and TVL.

The zkSync team is continuously monitoring the system for vulnerabilities and running additional security audits and bug bounties. A security council will be created once the system matures to allow for emergency protocol upgrades via the zkSync Security Council. While security improvements will never end, the team believes the time to launch is now. Delaying the launch would jeopardize user assets, but more importantly, undermine people's trust.

In conclusion, zkSync Era Mainnet is a forward-looking technology designed to empower builders to tap into features that will enable cheap privacy, uncapped growth, and complex use cases. The system is future-proof, not backward-looking, and will enable users to experience the power of zkEVM. The team at zkSync is committed to scaling freedom and creating a trustless, barrierless, and permissionless economic cooperation.

Let's imagine you have a lot of gadgets like phones, tablets, and laptops that you can't fit into your backpack. To solve this problem, you could divide your gadgets into smaller groups and store them in different bags or cases.

This way, you can easily find the gadget you want to use without having to search through all of them. #Sharding works in a similar way when you have a lot of data that you need to store on multiple servers. You divide the data into smaller parts called "shards" and store them on different servers.

This helps to make it easier and faster to access the data you need, as you only need to search through a smaller amount o

f data. For example, in a social media app like Instagram, instead of storing all the user information on one server, it can be divided into different shards, with each server handling a specific set of users' #Data .This helps to keep the app running smoothly, even as the number of users and amount of data increases.

Sharding is primarily used in distributed computing and database systems, particularly in #blockchain technology. In blockchain, sharding is used to improve scalability and performance while ensuring the security and consistency of the data across the network.

It allows the network to process more transactions per second and handle more users without compromising the integrity of the blockchain.

However, sharding can also be used in other distributed systems such as cloud computing and data storage systems, to improve their efficiency and #scalability #CoinGabbar

#AZERO #layer1 #scalability #Decentralization

Blockchain technology has been around for over a decade, and it has revolutionized the way we store and transfer value over the internet. However, traditional blockchain protocols have always faced a significant challenge known as the blockchain trilemma. This problem is about finding a balance between security, scalability, and decentralization. Many blockchain platforms have tried to solve this issue, but few have been able to achieve this feat until now. Enter Aleph Zero, a Layer 1 blockchain platform that aims to solve the blockchain trilemma.

Aleph Zero uses a Directed Acyclic Graph (DAG) architecture as an intermediary data structure, resulting in a rapid time to finality. This makes it faster and more scalable than traditional blockchain protocols. By adopting the DAG structure, Aleph Zero's transactions can be processed asynchronously, enabling thousands of transactions per second, a feat that traditional blockchain platforms cannot achieve.

To ensure security, Aleph Zero uses a novel, peer-reviewed consensus protocol called AlephBFT. It's also leaderless and Byzantine Fault Tolerant, which means it can tolerate up to 33% of malicious committee members without an effect on the validation process. With this consensus mechanism, Aleph Zero achieves a high level of security without sacrificing decentralization.

Aleph Zero is not stopping there. In 2023, it will introduce Liminal, a software-based privacy layer based on zero-knowledge proofs and secure multi-party computation. This will add another layer of privacy to the platform, ensuring that users' transactions remain confidential.

If you are interested in purchasing Aleph Zero's $AZERO coin, you can check out centralized exchanges like MEXC Global, KuCoin, Huobi Global, or Gate.io. The $AZERO coin is used to pay for transaction fees, secure the network, and incentivize node operators.

Aleph Zero's team is comprised of experts from diverse scientific and business backgrounds who share the goal of building secure, decentralized systems that are ready for the metaverse and Web 3.0 transition. With a team like this, Aleph Zero is well-positioned to achieve its goals and take blockchain technology to the next level.