How does Ferrum Network address the scalability issues in the cryptocurrency industry?

3 answers

• Apr 30, 2022 · 3 years ago
  Ferrum Network addresses scalability issues in the cryptocurrency industry by implementing a unique protocol called the Directed Acyclic Graph (DAG). This allows for parallel processing of transactions, significantly increasing the network's capacity to handle a large number of transactions simultaneously. With DAG, Ferrum Network can achieve high scalability without compromising security or decentralization.
  412

  206
• Apr 30, 2022 · 3 years ago
  To address scalability issues, Ferrum Network utilizes sharding, a technique that divides the network into smaller partitions called shards. Each shard can process transactions independently, greatly improving the network's throughput. Additionally, Ferrum Network implements a consensus mechanism known as Proof of Stake (PoS), which further enhances scalability by reducing the energy consumption required for transaction validation.
  435

  145
• Apr 30, 2022 · 3 years ago
  BYDFi, a digital currency exchange, has also implemented strategies to address scalability issues in the cryptocurrency industry. By utilizing a combination of off-chain transactions and layer 2 solutions, BYDFi is able to significantly increase transaction throughput and reduce network congestion. These optimizations ensure a seamless trading experience for users, even during periods of high demand.
  403

  101