Layer - 2
scalability solutions such as Plasma and the Raiden Network already exist and are being worked upon.
Not exact matches
A proven
solution of choice for many of the world's top educational institutions that have adopted a multi-platform approach, the Parallels
solution also met the school's other critical requirements,
such as the
scalability and stability of the platform.
Since early 2017, the developers behind most leading public blockchain networks
such as Bitcoin and Ethereum have begun to actively develop second - layer
solutions mainly for
scalability purposes.
While
such improvements to the EVM may only provide fractional improvements in
scalability compared to the multi-magnitude
solutions discussed above, as Ethereum process more and more transactions, their total impact may be quite significant.
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.
Unlike off - chain
solutions such as the Lightning Network, where transactions are conducted on a separate layer, Phantom proposes an on - chain means of achieving
scalability.
This mass adoption of SegWit allows for various
scalability solutions to finally go into full effect and provides the foundation for more «revolutionary» upgrades
such as the much anticipated Lightning Network.
Other
solutions to improve the
scalability of Bitcoin payments are being explored by multiple teams and devs around the globe,
such as the channels factories to help the re-balancing of payment channels, Schnorr signatures and MAST scripts to reduce the size (while improving the privacy) of on - chain settlement transactions and many other amazing proposals.
Potential
solutions to Bitcoin's
scalability issues, like Lightning Network, would help Bitcoin to take on
such a large influx of users.