A scalable solution is a system or protocol designed to handle a growing amount of work or demand efficiently without significant degradation in performance. In blockchain, this refers to the ability to process a higher volume of transactions or support more users as the network expands. Achieving scalability is crucial for mainstream adoption and practical utility of decentralized applications. It addresses the limitations of early blockchain designs.
Context
The pursuit of scalable solutions is a dominant theme in blockchain development, with numerous layer-1 and layer-2 protocols competing to offer superior transaction throughput and lower costs. News frequently covers advancements in sharding, rollups, and other scaling technologies as critical steps toward wider cryptocurrency adoption. The effectiveness of these solutions directly impacts the user experience and economic viability of decentralized networks.
Cryptographers developed a Distributed Verifiable Random Function with proofs of constant size, eliminating bilinear pairings for faster, pairing-free verification.
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