Nov. 20, 2023, 2:10 a.m. | Xiaojie Wang, Hanxue Li, Ling Yi, Zhaolong Ning, Song Guo, Yan Zhang

cs.CR updates on arXiv.org arxiv.org

Blockchain has received increasing attention in academia and industry.
However, the increasing transaction volumes and limited on-chain storage
underscore scalability as a key challenge hindering the widespread adoption of
blockchain. Fortunately, off-chain networks that enable transactions outside
the blockchain show promising potential to mitigate the scalability challenge.
Off-chain solutions that address blockchain scalability hurdles, such as
payment channel networks, facilitate secure and fast off-chain transactions,
thus relieving the main chain's strain. In this article, we provide a
comprehensive review of …

academia adoption attention blockchain challenge challenges enable frameworks industry key networks scalability solutions storage survey technologies transaction transactions

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