What challenges do EVM-based blockchains face in scaling and transaction speed?

3 answers

• Raghavendra jayateerthMay 14, 2024 · a year ago
  One of the main challenges that EVM-based blockchains face in scaling and transaction speed is the limited throughput of the Ethereum Virtual Machine (EVM). The EVM is the runtime environment for smart contracts on the Ethereum network, and it has a limited capacity to process transactions. This can result in network congestion and slower transaction speeds, especially during periods of high demand. To address this challenge, developers are exploring various scaling solutions, such as layer 2 solutions like sidechains and state channels, as well as sharding, which involves dividing the network into smaller pieces called shards to increase its capacity. These solutions aim to improve the scalability and transaction speed of EVM-based blockchains.
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• Samantha HerdJun 30, 2023 · 2 years ago
  Scaling and transaction speed are major challenges for EVM-based blockchains. The EVM's design and consensus mechanism make it difficult to achieve high throughput and fast transaction confirmation times. As a result, EVM-based blockchains like Ethereum often experience network congestion and high transaction fees during periods of high demand. To overcome these challenges, developers are exploring various solutions, including layer 2 scaling solutions like Optimistic Rollups and zk-rollups, as well as the upcoming Ethereum 2.0 upgrade, which will introduce a new consensus mechanism called proof-of-stake and shard the network to improve scalability. These efforts aim to enhance the scalability and transaction speed of EVM-based blockchains and make them more suitable for mass adoption.
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• Pratik DebSep 07, 2022 · 3 years ago
  When it comes to scaling and transaction speed, EVM-based blockchains face several challenges. The Ethereum Virtual Machine (EVM) has a limited capacity to process transactions, which can result in network congestion and slower transaction speeds. Additionally, the current consensus mechanism used by EVM-based blockchains, known as proof-of-work, is energy-intensive and can lead to longer block confirmation times. To address these challenges, developers are exploring alternative consensus mechanisms like proof-of-stake, which is more energy-efficient, and layer 2 scaling solutions like state channels and sidechains. These solutions aim to improve the scalability and transaction speed of EVM-based blockchains and enable them to handle a larger number of transactions per second.
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