What is Blockchain Scalability?

Blockchain scalability refers to a blockchain's ability to handle many transactions efficiently. A blockchain's scalability is limited by the number of transactions the network can process in a given amount of time. As the number of users on a blockchain network increases, the network can become congested, leading to slower transaction processing times and higher fees. There are several solutions proposed to improve blockchain scalability, such as: Sharding: This technique involves dividing the blockchain into smaller, more manageable pieces called…