Blockchain Scalability Considerations: A Balanced Perspective on High TPS Consequences
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In a recent statement, Schwartz highlighted the severe drawbacks of running a layer-1 blockchain at high TPS levels. This warning serves as a stark reminder that increased transaction processing speed can come with significant consequences.
The Ripple CTO emphasized that higher TPS might lead to higher costs for bandwidth, storage, and computing power for all participants. As a result, this increase in costs could cause fewer people to find it worthwhile to run a node, ultimately reducing the overall node count.
A decrease in the number of nodes would mean more users rely on others’ nodes, which would negatively impact decentralization – a core principle of blockchain technology. This is a crucial consideration for those advocating for scalability and the potential benefits that come with increased TPS.
In light of this, it’s essential to weigh the pros and cons when discussing blockchain scalability.
Source: u.today
