How does a chain split affect the transaction speed and scalability of a digital currency?

1 answers

• Marco Cavallaro AcciaresiMay 03, 2023 · 2 years ago
  Ah, chain splits, they can be a real headache for digital currencies. When a chain splits, it's like a messy divorce between the blockchain and its users. The transaction speed takes a hit as the network's computing power gets divided between the two chains. It's like having to share your computer's processing power with your ex, not a pleasant experience. And scalability? Forget about it! With multiple chains, it becomes a chaotic mess, like trying to juggle too many balls at once. It's hard to coordinate updates and achieve consensus, which limits the scalability of the currency. So, chain splits are not something digital currencies want to deal with if they want to maintain fast transaction speeds and scalability.
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