Stellar was developed in 2014 as an efficient peer-to-peer decentralized payment network and, thus far, it has become one of the dominant protocols in this niche. Despite its strategic growth and integrations across the board, the need to scale remains one of the dynamic challenges for the protocol, as much as it is for most Layer 1 blockchain networks.
Per the reference update from the Stellar protocol, the scalability push hinges on a proposed change to transaction submission.Blockchain scalability: Need to get it right Despite the revolutionary ideology of most blockchain protocols, the push toward scalability remains a crucial bane for most around, including Ethereum and Cardano .
Over the years, both protocols have made significant efforts to enhance scalability on their respective chains and has thus led to the emergence of Layer 2 scaling solutions like, which will work in an offline mode to boost the transactions per second such as has never been recorded in the industry. Getting scalability right is a prerequisite for blockchain systems to beat traditional financial service providers in the long term.
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