The growth of decentralized finance may be choking other types of transactions in the Ethereum network. As the DeFi sector is highly reliant on Ethereum, this means a lot for both the blockchain network and the very near future of decentralized finance.
A cryptography technology known as ZK-SNARKs could be used to help scale Ethereum, Vitalik Buterin, the founder of the platform suggested recently on a research forum.
A team of Bitcoin engineers has announced the launch of the Bitcoin Operations Technology Group (Bitcoin Optech) addressing the problem of Bitcoin’s scalability, according to their statement published July 20.
A team of coders from Imperial College London and Cornell University has come up with a brand new solution for bitcoin network scalability, which uses trusted execution environment in the components of secure hardware.
Andrew Poelstra of Blockstream has presented a new Bitcoin network scalability solution dubbed Mimblewimble on the first day of Scaling Bitcoin conference in Milan.