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Blockchain Scalability: Solutions, Challenges and Future Possibilities

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Proceedings of the 2nd International Conference on Signal and Data Processing (CSDP 2022)

Part of the book series: Lecture Notes in Electrical Engineering ((LNEE,volume 1026))

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Abstract

In recent years, blockchain has received a lot of interest and has also been widely adopted. Yet, blockchain scalability is proving to be a difficult problem. To create a new node in platforms like Bitcoin takes few days of time. This scalability problem has few proposed solutions. The present alternatives to blockchain scalability are divided into two groups in this paper: first layer and second layer techniques. Second layer solutions suggest procedures that are deployed outside of the blockchain, while first layer methods propose adjustments to the blockchain (i.e., altering the blockchain design, such as block size). We concentrate on sharding as a viable first-layer solution to the scalability problem. The thought behind sharding is to split the blockchain network into numerous groups, each processing a different set of transactions. Furthermore, we compare few of the already available sharding-based blockchain solutions and present a performance-based comparative analysis in form of the benefits and drawbacks of the existing solutions.

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Authors and Affiliations

  1. Computer Science Department, Christ (Deemed to Be) University, Bengaluru, India

    Moumita Roy & Monisha Singh

  2. Department of Computer Applications, CMR Institute of Technology, Bengaluru, India

    Moumita Roy

  3. JPMorgan Chase & Co., New York, NY, 10017, USA

    Balasubramanian Radhakrishnan

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  1. Moumita Roy
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  2. Monisha Singh
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  3. Balasubramanian Radhakrishnan
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Correspondence to Moumita Roy .

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Editors and Affiliations

  1. DIAT, Pune, India

    K. P. Ray

  2. Electrical and Computer Engineering, NC State University, Raleigh, NC, USA

    Arati Dixit

  3. School of Electrical & Electronics Engineering, VIT Bhopal University, Bhopal, India

    Debashis Adhikari

  4. School of Electrical & Electronics Engineering, VIT Bhopal University, Bhopal, India

    Ribu Mathew

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Roy, M., Singh, M., Radhakrishnan, B. (2023). Blockchain Scalability: Solutions, Challenges and Future Possibilities. In: Ray, K.P., Dixit, A., Adhikari, D., Mathew, R. (eds) Proceedings of the 2nd International Conference on Signal and Data Processing. CSDP 2022. Lecture Notes in Electrical Engineering, vol 1026. Springer, Singapore. https://doi.org/10.1007/978-981-99-1410-4_12

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  • DOI: https://doi.org/10.1007/978-981-99-1410-4_12

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  • Publisher Name: Springer, Singapore

  • Print ISBN: 978-981-99-1409-8

  • Online ISBN: 978-981-99-1410-4

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