While Bitcoin remains king in market dominance and popularity, the slightly lesser-known “altcoin” Ethereum has proven to be a force to reckon with. Ethereum has far broader applications than just a store of value and unit of exchange. It is considered a “world computer” on which several decentralized applications (DApps) can be built.
But as Ethereum gains in popularity, many of its shortcomings are rising to the surface. The most concerning of which is its scalability. Transaction fees — or “gas fees” as they’re called on the blockchain — are notoriously high during congested periods due to all of the DApps using up resources.Read more