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With the worldwide adoption of cryptocurrencies, a lot of pressure has built up over major blockchain networks. Blockchains such as Bitcoin and Ethereum have started recording a tremendous amount of transaction movements through their blockchain networks.
As a result, these major blockchains have started facing scalability issues. The term “scalability” means the number of transactions a network can handle in a single second. If a blockchain network has low scalability compared to its traffic, it would face issues such as transaction latency, disruptions, and high transaction fees.
According to a crypto-blockchain guru, Ido Fishman, Bitcoin, and Ethereum blockchains have been plagued by such problems. Therefore, there was a huge need for blockchain networks that could address these issues and fix the problem for good.
Fortunately, the crypto-blockchain sector was introduced with blockchains that have fixed this dilemma, and their numbers are many. While there are many blockchain networks offering high scalabilities, Ido Fishman has listed a few that are considered to be the best for the same purpose. Mentioned below are the blockchains with their scalabilities.
The Solana blockchain has addressed the scalability issue well with its huge capability. The development team behind the creation of the Solana blockchain claim that it has the ability to process 50,000 transactions per second (TPS). Each transaction on the Solana blockchain is processed at a fee worth $0.00025.
Although the Stellar blockchain is not as good as Solana its TPS capability is also very remarkable. According to information, the Stellar Blockchain is capable of processing 3,000 transactions per second. The average fee for a transaction taking place through the Stellar blockchain is worth 0.00001 XLM.
The Avalanche blockchain has earned its reputation as one of the top-performing and adopted blockchains in the entire crypto-blockchain sector. It is capable of processing up to 4,500 transactions per second through its protocol.
When the Cardano blockchain was introduced, it was only capable of processing 250 transactions per second. This issue was later addressed with the integration of the Hydra upgrade. Since the integration, the blockchain is now capable of processing up to 1,000,000 transactions per second. If you do not want to miss out on the latest news and guidelines for the blockchain world by Ido Fishman, then keep coming back for more.
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