Ethereum (ETH)News

Experts Reveal How Rollups Could Solve Ethereum’s Scalability Problems

Everyone that uses the Ethereum network understands the problems users face every day due to numerous reasons. While people believe that the blockchain has many issues, the most prominent amongst them is the scalability problem. People complain of how slow and time-wasting the platform can be, which has made the network’s creators change from proof-of-work to proof-of-stake.

It’s safe to note that the platform is yet to upgrade the network officially. Experts believe that the rollup situation can be a temporary solution to ease users’ problems with the blockchain. The heavy traffic on the network is not helping matters either, as the gas fee for even low-speed transactions is around $20 and above. This would likely discourage small-scale users from utilizing the network, which led to experts’ advice.

Rollup could serve as a suitable solution

The Ethereum network has always had scalability issues. The bulk of projects on the blockchain is not helping the current issues as it faces over 15 transactions per second, making the transaction fees expensive for retail traders. The problem persists and has made users find suitable alternatives to meet their various needs.

With Ethereum’s problems, other firms have used the opportunity to assure cheaper transaction fees and faster settlements, and one of those companies is Polkadot. The platform charges a very affordable transaction fee for numerous settlements, making it a perfect choice for small-scale investors who want to assure better profit margins.

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With the use number of outflows from the Ethereum network to other blockchains, the platform might lose all the many users it has if it doesn’t resolve the issues as soon as possible. One of the most frequently suggested solutions by experts is the rollup, meaning that the tech rolls up many transactions into one block, reducing the network’s strain.

Experts believe that the rollup technology would assure faster and cheaper settlement with the popularly used network. They also added that the solution would help the blockchain look more attractive to users globally, thereby leading to its growth within a short period.

Rollups don’t support true decentralization

The platform’s creator, Vitalik Buterin, might be considering the option as he told users that the firm would find a powerful scaling solution. The entrepreneur revealed that the solution would help the network settle transactions within a very short time.

An expert, Eric Wall, spoke on the incredible speed given by the rollup solution. While noting that the technology helps achieve faster speed and scalability, Wall added that it could take the network from the true decentralization, which blockchain platform users enjoy.

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The solution would likely help Ethereum achieve better scalability by taking the transactions off the network, reducing the congestion and workload on the blockchain. The solution could have the sidechain telling the main network, i.e., Ethereum, of the processing transactions.

This means that the solution distributes the workload on different networks, including the monitoring of the transactions. This could also mean that some information would be given to the main platform, thereby reducing decentralization.


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Adebayo Owotunse (Nigeria)

Adebayo Owotunse is a versatile writer who has written hundreds of crypto articles for dozens of agencies across the years. He is now also the newest addition to the Tokenhell writers team.

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