Without a majority consensus, the coding can not be changed, and therefore, can not
address the scalability issues to becoming a widely adopted digital currency.
The ultimate goal is to implement Plasma, which will
address scalability issues.
State channels aim to
address the scalability issues, privacy issues and confirmation delays associated with public blockchains while allowing actors who don't necessarily trust each other to transact.
By design, IOTA's underlying Tangle technology
addresses the scalability issue; using a Directed Acrylic Graph network to achieve instant transactions at no cost, with unlimited scalability.
Not exact matches
Ardor is an evolution of the Nxt software that
addresses issues of blockchain bloat,
scalability and versatility.
It is especially designed to
address the
issues that Bitcoin currently faces — of
scalability, privacy and interoperability.
Addressing issues of interoperability,
scalability, and security within the broader ecosystem, the partnership is aiming to facilitate mass adoption of blockchain technology.
These include technical
issues related to
scalability and interoperability, which will need to be
addressed, and agreement on industry standards and terms of collaboration will be vital.
These solutions will
address critical
issues, such as data privacy on a private blockchain,
scalability for market data applications and critical interoperability across Ethereum and complementary technologies.
Most importantly, however, they are seeking to
address the fundamental
issues that platforms like Ethereum suffer from —
scalability, future updates and social obstacles to adoption.
To
address the growing demand for Ethereum and the high expectations from the global Ethereum community, Buterin explained that he will solely focus on the development of the Ethereum blockchain network and solving
scalability issues to provide a better ecosystem for decentralized applications.
Segregated Witness (SegWit) was an upgrade to the Bitcoin blockchain that is intended to
address Bitcoin's
scalability challenges as well as fix the
issue of transaction malleability.
According to Buterin, his primary
issues would be to
address the platform's
scalability, that is to say, Ethereum's capability to conduct transactions at scale, at optimum speed and efficiency.
It's one of the latest cryptocurrencies that has come up as a «Bitcoin upgrade» and it seeks to
address the Bitcoin shortcomings;
scalability issues, high calculation latency and proof of work consensus which uses almost 27.28 TWh annually.
Furthermore, Bitcoin has
issues regarding
scalability (
scalability refers to adding more users to the network), and all attempts to
address these
issues have been met with resistance and failure.
They have been waiting for the right cryptocurrency to be developed that will solve
issues of processing speed, trust and
scalability which ThinkCoin
addresses.
In essence, they're trying to
address scalability and incentive structure
issues from the start.
These limitations, which are slowly being
addressed by Bitcoin's core development network, include
issues related to
scalability, privacy and general usability.
Although a startup that has lived up to its promise of
addressing scalability and other user
issues, Lightning Network still faces teething problems going forward.
What's more, Ripple seems to be the best positioned to
address the limited transaction and
scalability issues currently dogging the crypto economy.