What is Blockchain Sharding & How Does It Work?
This digital era is all about scalability, and with blockchain and cryptocurrency gaining traction, there are more concerns about their scalability. Most of the well-known crypto projects have scalability issues in terms of the time and cost required to complete a transaction. The efficiency of a project is strongly influenced by its scalability. Users will always choose the network with the lowest cost and fastest speed for performing a particular transaction. For example, an NFT transfer on the Ethereum network will cost up to $6, whereas an NFT transfer on the Polygon will just cost $0.00055. Scalability has evolved as a major concern for blockchain networks desiring to stay relevant in the highly competitive crypto market. As a result, the developer community is working on Sharding, a database partitioning technique used to improve the blockchain’s scalability and capacity. It enables blockchains to execute more transactions per second. Let’s have a de...