Data Science PR
Does scaling work well with blockchains,blockchain scalability solutions,blockchain throughput,blockchain scalability challenge,blockchain problems and solutions,can bitcoin scale,bitcoin scalability,how could blockchain technology achieve scale while remaining decentralized,the blockchain scalability problem & the race for visa-like transaction speed,

What are some of the key points to remember about scalability?

It is all about centralization vs. decentralization.

For blockchain platforms, the scalability of a given chain often boils down to the level of decentralization possessed by the network. Highly decentralized ecosystems (such as Bitcoin) are quite slow, whereas networks that are more centralized (like EOS, with its 21 Block Producers) are much faster.

Therefore, having fewer nodes producing blocks generally makes things faster. However, centralization reduces the interesting properties that blockchains innately possess — namely their resistance to censorship, transparency and overall immutability.

Data Science PR

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