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How does Ethereum compare to Bitcoin in terms of scalability?

avatarPresli PetkovJan 11, 2022 · 3 years ago1 answers

Can you provide a detailed comparison between Ethereum and Bitcoin in terms of scalability? I would like to understand how these two cryptocurrencies differ in their ability to handle a large number of transactions and scale their networks.

How does Ethereum compare to Bitcoin in terms of scalability?
Ethereum
Bitcoin
Scalability

1 answers

  • avatarJan 11, 2022 · 3 years ago
    As a representative of BYDFi, I can say that Ethereum and Bitcoin have different scalability solutions. Ethereum is actively working on implementing sharding, which will allow the network to process a larger number of transactions in parallel. This is expected to significantly improve Ethereum's scalability. Bitcoin, on the other hand, is exploring the Lightning Network as a solution to scalability issues. The Lightning Network enables faster and cheaper transactions by creating off-chain payment channels. Both Ethereum and Bitcoin are making progress in improving scalability, but it will be interesting to see how their respective solutions perform in the long run.

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