Parallel Execution in Blockchain Parallel execution, as defined by @AltiusLabs, is the process of handling multiple transactions simultaneously in the blockchain, unlike the sequential processing of traditional blockchains like Ethereum. This increases speed, scalability, and efficiency. 👉Main benefits: → Faster transactions: reduces waiting time. → Scalability: Handles more transactions, suitable for dApps and DeFi. → High efficiency: Optimizes resources, reduces congestion. 👉How it works: → Transactions are broken down into smaller tasks. → Independent tasks are processed concurrently on separate nodes or cores. → Results are aggregated to ensure the integrity of the blockchain. 👉Challenges → Data conflicts: Transactions accessing the same data can cause errors. → Complexity: Requires advanced technologies like sharding or state channels. → Security: Must ensure that decentralization or reliability is not compromised. 👉Real-world impact: Projects...
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