Scalability and Interoperability Challenges in Web 3.0 Ecosystems
Abstract: Web 3.0 promises a decentralized and user - empowered internet built on blockchain technology. However, significant challenges in scalability and interoperability threaten to impede its widespread adoption. This paper explores the current state of these challenges and their impact on Web 3.0's development. We examine the limitations of existing blockchain solutions in handling high transaction volumes and discuss the hurdles hindering seamless communication between different blockchain networks. Furthermore, we analyze the importance of addressing these issues to unlock the full potential of Web 3.0, fostering a more secure, transparent, and user - controlled online experience.
Keywords: Web 3.0, Scalability, Interoperability, Blockchain scalability, Blockchain interoperability, Layer - 2 scaling, Sharding, Proof - of - Stake, Byzantine Fault Tolerance (BFT), Cosmos IBC, Polkadot, Rollups, State channels, Plasma chains, Account abstraction, Decentralized applications (dApps), Decentralized finance (DeFi)
How to Cite?: Soham Kulkarni, Varun Kulkarni, "Scalability and Interoperability Challenges in Web 3.0 Ecosystems", Volume 13 Issue 4, April 2024, International Journal of Science and Research (IJSR), Pages: 832-837, https://www.ijsr.net/getabstract.php?paperid=SR24406192524, DOI: https://dx.doi.org/10.21275/SR24406192524