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105 - Understanding the Scalability Issue of Blockchain

The Unstoppable Podcast

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How to Scale Block Chains

The reason why you're suffering these gas prices to day, in everyone who's listening, is because the technology is working really hard to try to catch up with demand. And so a theorium has actually increased its block size at least two times, if not three, in the past couple of years where they just kept adding like, another 30 % or 20 % to the side and then every time it just got filled up. So i would say that the majority of the effort now for bringing gas cost down are using different ways of compressing the amount of information that you have to store on the main block chain,. but still allowing people to verify the contents of those transactions on their own.

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