Why Is Ethereum Scaling Needed


Scalability has always been a big question in the blockchain world, especially for public blockchains like Ethereum. While Ethereum does run much faster than other proof-of-work blockchains such as Bitcoin (BTC), Litecoin etc. its complete transactions per second (TPS) remains very slow at around 7-15. The longer time to complete the transaction & paying for each basic function is very expensive and make the user experience poor. So, in order to be ready for enterprise-class applications, the Ethereum network needs to enhance its transaction processing speed on an extra-large scale and this can be accomplished by Ethereum layer 2 scaling solutions.


Ethereum Scaling Solutions

Generally, when it comes to scaling Ethereum or blockchains, there are 2 major ways available to deal with the scalability issue - scaling the base layer itself (Layer 1) or scaling the network by offloading some of the work to the different layer – Layer 2.

Scaling Solutions

    On-chain scaling - Improves the base layer blockchain

  •     Sharding - Sharding is a multi-phase upgrade to enhances Ethereum’s scalability and capacity. It will reduce network congestion & improves the transactions per second by creating new chains, known as “shards chains”, which will spread the network's load across 64 new chains.

    Off-chains Scaling - A layered approach with multiple protocols working together

  •     Layer 2 Scaling – It handles transactions off the Ethereum Mainnet (layer 1) while captivating the advantage of the robust decentralized security model of Mainnet Ethereum which upsurge the processing capacity of a blockchain and as a result release congestion on the network.
    •    Rollups – Rollups execute transactions outside layer 1 & generates a cryptographic proof called SNARK to which is posted to the layer 1 where consensus is reached. As transaction data is contained in the base layer’s blocks, this allows rollups to be intact by native Ethereum security. There are 2types of rollups – ZK Roll Ups & Optimistic Roll Ups
    •    Plasma - A plasma chain is an isolated blockchain that is anchored to the primary Ethereum chain, & uses fraud proofs to arbitrate disputes. It allows the creation of unlimited Child Chains by using Smart Contracts & Merkle trees. Offloading transactions into child chains from the main chains allows fast & cheap transactions.
    •    Sidechain - A sidechain is an independent Ethereum Virtual Machine (EVM)-compatible blockchain that runs in parallel to the Ethereum base layer. These are compatible with Ethereum via two-way bridges, and run under their own consensus models, and block parameters.
    •    Channels - Channels are one of the first substantially evinced scaling solutions. They employ multisig contracts to allow participants to transact speedily & freely off-chain, then settle finality with Mainnet. This reduces network congestion, fees, & delays. The two types of channels: state channels and payment channels.

A detailed evaluation of these solution options indicates a high probability of success if the right combination of options is selected.

Benefits of Ethereum Layer 2 Scaling for Your Business


An enormous rise has been seen in users & engagement with decentralized finance (DeFi) platforms. Correspondingly, the network activity on the world’s major smart contract-enabled blockchain has perceived a massive uptick. To ensure that Ethereum can keep up with the ever-rising user demand, the Ethereum Foundation is applying varied novel scaling solutions. Following are the benefits that can be achieved by using Layer-2 scaling solution.


Layer 2 Scaling Projects we specialize in


Multiple projects provide implementations of layer 2 solutions that you can integrate into your dapps:

Our Solutions

Full Stack DAPP Development Using Polygon

We develop secure and privacy-preserving Decentralized App using polygon technology to improve scalability.

NFT Marketplace on Ethereum using Polygon

We develop superior NFT Marketplace on Ethereum using polygon technology to improve scalability & cost-efficiency.

Decentralised Crypto Exchange Using Polygon

We develop a decentralized cryptocurrency exchange application using Polygon blockchain.

Defi Platform Development Using Polygon

We develop innovative and scalable DeFi solutions to advance your financial system operations.

We Create Blockchain Solutions For

Blockchain Solutions for Fintech                   +

Financial transactions
. Macro & micropayments
. Multi-currency eWallets
. Cryptocurrency fundraising
. Global transactions
. Clearance & settlement systems

Trading solutions
. Portfolio tracking system
. Digital asset trading
. Automated & semi-automated trading
. Trading platforms & crowdfunding

Security assessment
. KYC and fraud prevention tools
. Digital signatures and incorruptible IDs
. Transaction validation and approval

Blockchain Solutions for eLearning               +

eLearning program management
. Decentralized MOOC platforms
. Open-source knowledge libraries and networks
. Verification of elearning program credibility
. Anti-plagiarism and copyright protection
. P2P eLearning Platform

Student management
. Student record management
. Management of student’s IDs & academic credentials
. Attendance validation
. Learning progress tracking

Knowledge assessment and certification
. Digital certificate issue and delivery verification
. Smart Certificates
. Acquired knowledge validation
. Digital badges & skill portfolios
. Authenticating & Securing Certification

Blockchain Solution for eCommerce             +

Payments
. Cryptocurrency transactions
. Digital wallets
. Payment processing
. Crowdsales and auctions
. Automated invoice reconciliation

Marketplaces
. Token-based transaction
. P2P marketplaces
. Direct sales

Supply chain management
. Shipment tracking
. Provenance tracking
. Inventory management
. Product traceability
. Goods authenticity checks

B2C transactions
. Customer data protection
. Direct B2C interactions
. Loyalty schemes

Blockchain Solutions for Healthcare             +

PHI management
. Health record management
. PHI storage & sharing
. Patient consent recording
. Protected access to clinical test

Healthcare payments
. Claim management
. Medical Billing Solution
. Clinical trial and research results management

Care delivery workflows
. Blockchain-based IoMT
. Drug traceability
. Improved healthcare interoperability
. Drive patient engagement

Real Estate Blockchain Solution                   +

Real Estate
. Token Issuance
. Investment Management
. KYC & Compliance

Other Solutions                                             +

Other Solutions
. Shipping and Logistics Industry Blockchain Applications
. Solar Community Blockchain Applications
. Blockchain-based Smart Certificates
. Blockchain-based Accounts and Audit Processes
. All types of Blockchain-based Innovative Platform Development

CASE STUDY

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Insurance Management System

Insurance Management System to be used by Insurance companies to conducting business operations and managing various types of Insurance Policies.

TECHNOLOGIES USED

Net MVC 5 | MS SQL Server | HTML5/CCS3 | Bootstrap JavaScript

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Online Food Ordering and Delivery System

91 restaurant app is an online food ordering and delivery app enhance the online food ordering experience. It helps restaurants and cafes receive orders from application to grow repeat orders and revenue.

TECHNOLOGIES USED

Java SQLite database, firebase crashlytics, firebase push notification, Google direction api, React JS, Redux, Node JS Micro Services

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Online Learning Management System

Consillium Academy is a South Africa based Educational Institute which focuses on conducting online courses in the emerging technologies domain which include Blockchain and Machine Learning apart programming languages.

TECHNOLOGIES USED

React JS, Node JS Micro Services, Mongo DB, Docker, Bootstrap,Visual Studio Code, React Developers Tool, MongoDB Compass Community, Postman

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Frequently Asked Question

What is Ethereum scaling?

As the number of individuals using Ethereum has grown up, the blockchain has reached certain capacity restrictions. This has driven up the cost of using the network, creating the need for "scaling solutions." There are many scaling solutions available currently in the blockchain ecosystem. Several approaches, on Layer 1 (On-chain) and Layer 2 (Off-Chain) are being experimented with, to accomplish the end goal of faster & inexpensive transactions at scale.

What Blockchain Development Process do you follow?

For developing any blockchain application, our team of blockchain developers follows a suitable strategy & implements the plan for effectual outcomes. We transform your ideas into practical applications that are reliable & scalable. Following the development process we follow:
1. Blockchain consulting
2. User experience & technical design creation
3. Enterprise blockchain application development
4. Deployment
5. Migration and upgrades
6. Maintenance

Can I choose Blockchain Development Team according to my requirements?

TYes, you can choose the Blockchain development team as per your preferences & your business requirements. We will provide you with the resumes of the potential team members for your blockchain project. Then, you can select that candidate if he/she satisfies your needs.

Is there any hidden charges that you put on your clients?

No! We discuss all your project requirements and quote you the price in the first place. After that, we follow to that given quotation and there are no hidden charges for our clients.

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