How does Kromatika address the scalability issues faced by cryptocurrencies?

3 answers

• Nov 26, 2021 · 3 years ago
  Kromatika addresses scalability issues in cryptocurrencies by implementing a sharding technique. Sharding involves dividing the blockchain network into smaller partitions called shards, each capable of processing transactions independently. This allows for parallel processing and significantly increases the network's capacity to handle more transactions per second. By distributing the workload across multiple shards, Kromatika achieves improved scalability without compromising security or decentralization.
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• Nov 26, 2021 · 3 years ago
  To tackle scalability issues, Kromatika employs a combination of off-chain and on-chain solutions. Off-chain solutions involve conducting transactions outside the main blockchain, reducing the burden on the network. Kromatika utilizes state channels and sidechains to facilitate faster and more efficient transactions. On-chain solutions include implementing optimized consensus algorithms and smart contract execution mechanisms to enhance scalability without sacrificing security.
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• Nov 26, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, addresses scalability challenges by leveraging advanced distributed ledger technology. Through the use of a highly scalable and efficient consensus algorithm, BYDFi ensures fast transaction processing and high throughput. Additionally, BYDFi employs a multi-layered architecture that allows for horizontal scaling, enabling the platform to handle increasing transaction volumes without compromising performance. With its robust infrastructure, BYDFi effectively addresses scalability concerns in the cryptocurrency space.
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