Streamlining Blockchain Technology And Crypto Transactions For Enhanced Efficiency
In 2024, blockchain technology experienced significant growth, with the global market projected to reach $20 billion, up from just over $315 million in 2015. Bitcoin transactions approached 500,000 per day, highlighting increased adoption. However, scalability remains a critical challenge, as enhancing transaction throughput often requires trade-offs with decentralization and security. To address these issues, innovative solutions such as Layer 2 protocols and sharding are being developed to improve efficiency and support mainstream adoption.