Unfortunately, there is no technology with no issues. A widespread problem related to Blockchain networks is that users face the Scalability Trilemma.
Blockchain has become highly valued in the crypto world because it delivers cost savings with new effective technologies. Thanks to its mechanisms, it increases trust, security, transparency, and the traceability of data shared across a network. The Scalability Trilemma, also called the Blockchain Problem, was first detailed by Vitalik Buterin, the Ethereum founder. The trilemma is the belief that decentralized platforms can only accomplish two out of the following three goals at a time: security, scalability, and decentralization.
For every problem, a solution is needed; in our case, EVM-compatible blockchains are trying to solve scalability, decentralization, and security. Meanwhile, quite a few projects appeared with the goal of solving the trilemma using gasless blockchain technology.
Understanding the Blockchain Scalability Trilemma
The blockchain Scalability Trilemma implies three elements: Security, Scalability, and Decentralization. The trilemma means blockchains usually need to sacrifice one of these three fundamental elements because they cannot function together.
Security
Security refers to the cryptography that secures all blockchain transactions. Each block essentially contains a unique private key that can be verified using a public key. If transaction-related data changes, the unique block key becomes invalid. Then, the block is removed from the chain.
Scalability
The scalability of a blockchain network guides the platform’s ability to support increasing transaction loads while increasing the number of nodes in the network.
Decentralization
Then, decentralization means the transfer of control and decision-making from a centralized entity (individual, organization, or group thereof) to a distributed network.
Why can’t they work together?
The issue emerges mainly when the number of nodes and transactions increases. When decentralizing blockchain, the main problem is related to its size. Each time a blockchain passes through a node to be processed, the chain expands as each participant is required to validate and store the chain, making scalability a significant factor. Then, the scalability in security is the ability of a computer application or product to continue to function well when it is changed in size or volume to meet a user’s need.
To have both security and scalability, you have to give up decentralization and use either one organization to be in control or a small number of nodes. Then, to have scalability and decentralization, you have to drop security and enter transactions with a superficial check. And last but not least, to have security and decentralization, you have to give up scalability and put in fewer carefully verified transactions.
Blockchain and the Fees Problem
Many cryptocurrency enthusiasts frequently wonder if all blockchain fees are that necessary. And that’s the case for both new and experienced users.
That’s because, in general, all blockchain transactions require the payment of a transaction fee. Starting with simple transactions and continuing with creating a non-fungible token (NFT) or creating and executing a smart contract, they generally require Gas fees (in Ethereum) to be successfully completed and added to the blockchain.
The problem with traditional Blockchains is that industries or companies do not want to pay for gas, or their consumers pay for it just to perform these transactions. And no matter how small it may be, the cost of these transactions on an industry/company-wide scale can add up.
After this occurred, more and more users decided to turn to gasless blockchain technologies. These technologies introduce revolutionary changes in traditional blockchains compatible with traditional EVMs. On top of that, they also help solve the Scalability Trilemma, which we will discuss below.
Solving the Scalability Trilemma
The Scalability Trilemma refers to a widely held belief that decentralized networks can only provide two of the three benefits at any given time concerning decentralization, security, and Scalability.
To make a blockchain scalable, Layer 1 solutions are used to improve the fundamental properties and attributes of the blockchain network, such as increasing the block size limit or cutting the block verification time.
Most blockchains try to boast a perfect solution to the Scalability Trilemma. However, they usually have flaws in at least one of these, if not all three sectors. Some platforms aim to solve the trilemma by minimizing defects using a gasless Blockchain. It is done by prioritizing Scalability to focus further on Decentralization and Security.
On the market appeared many projects providing solutions for Scalability and the gas problem. A great example of such a solution is Redlight Chain, a Layer 1 EVM-compatible Blockchain. Redlight Chain aims to solve the Blockchain Trilemma of Scalability, Decentralization, and Security by optimizing its gasless blockchain and functionalities.
Ending Note
With a gasless blockchain, making transactions without gas is pretty straightforward. The main idea is that users do not pay the transaction fees themselves.
Of course, the more a project solves two things at once, the better. Scalability Trilemma and Gasless blockchain are two essential issues in the Crypto world that you should remember, whether you are a startup investor or an expert.
Learn to choose the projects and platforms you work with carefully and consider the amount of pollution caused by gas transactions.