An analysis into the scalability of Bitcoin and Ethereum
With cryptocurrencies and blockchain based networks being increasingly used for more and more applications, a fundamental issue is now being notice; scalability.
In this paper we conduct what we believe the first long term assessment of the two largest blockchain based networks; Bitcoin and Ethereum.
Using historic data, we model how their growth could be over the next three years and propose a model, a temporal blockchain, to reduce the network size and increase scalability.