Cryptocurrency growth has exploded in recent times. Ethereum Blockchain has already reached 1 million transactions per day. The rapid surge in transaction volume has often led to instances of network congestion and slow transaction times. The rise of ICOs and games such as Cryptokitties have added to the network congestion issues.
Scalability is an intrinsic challenge with blockchain networks. All nodes on a blockchain network are required to process every transaction. Though it makes a blockchain network extremely secure, the same feature also slows down transaction processing and impacts scalability.
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