A Study Of Scalable Solutions For Smart Contracts Performance

The emergence of blockchain technology has ushered in a transformative era of decentralized and trustless systems, challenging conventional centralized models reliant on intermediaries. At the core of this revolution lies the concept of smart contracts, self-executing agreements encoded on a blockchain, automating contractual processes without intermediaries. Smart contracts offer numerous advantages, including automation, cost reduction, transparency, and enhanced security. However, their widespread adoption faces challenges, with a paramount one being the limitation of scalability within blockchain networks. This paper studies existing scalable solution of blockchain, compares the existing techniques and discusses the best scalable solution depending on the requirement of the system. It assesses existing research, case studies and unlocking the full potential of smart contracts in the realm of blockchain technology.