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NFT Term

Scalability

Definition of Scalability from the NFTguild.com glossary.

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Blockchain Scalability refers to a particular blockchain’s ability to change the size and accommodate total network demand. As more users globally embrace cryptocurrency blockchains and NFTs, layer one blockchains must be able to accommodate network traffic and future growth. Blockchain architects address the issue of blockchain scalability in many different ways, including releasing software updates, hard forks, sharding, and various secondary Layer 2 chains and scaling solutions.