Could various layers of a blockchain help solve the blockchain trilemma? We delve deeper into the various layers of blockchain technology.
The blockchain network serves as the back-end technology for these applications, and they communicate with it via APIs. Smart contracts, underlying rules and chaincode are all part of the execution layer.
Sharding is a scaling solution for the burden on the layer one blockchain problem. Simply said, sharding divides the task of validating and authenticating transactions into smaller, easier-to-manage chunks. As a result, the workload can be distributed over the network to use more nodes' computing capability. Because the network processes these shards in parallel, several transactions can be processed both sequentially and simultaneously.
Instead, it's a network-adjacent resource that's protected via a multi-signature or smart contract mechanism. The ultimate "state" of the "channel" and all its inherent transitions are posted to the underlying blockchain when a transaction or batch of transactions is completed on a state channel. Bitcoin Lightning and Ethereum's Raiden Network. In the trilemma tradeoff, state channels give up some decentralization in exchange for increased scalability.
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