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FollowingUnderstanding Monolithic blockchain
Monolithic blockchain is the first-generation blockchain system that integrates all basic functions into a single layer of the blockchain structure. These functions include transaction execution, consensus mechanisms and data availability. Bitcoin is a typical example of a monolithic blockchain.
In a single blockchain, all transaction data is stored on the blockchain itself, allowing every node on the network to access transaction history. This ensures data availability and integrity. Transaction execution involves processing and verification, and transactions are verified on-chain. For example, Bitcoin uses a Proof-of-Work (PoW) consensus method, where miners compete to solve challenging mathematical problems.
However, the design of a monolithic blockchain has limitations, especially in terms of versatility and scalability. These challenges have spurred the development of a new generation of blockchain systems called modular blockchain.
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The emergence of modular blockchain
Modular blockchain is a response to the limitations of a single blockchain. They divide the system into smaller parts that can be exchanged or replaced, allowing blockchain to focus on a few functions rather than trying to do everything. This resulted in a system that was designed to be more extensible and customizable.
Functions that a modular blockchain can focus on include transaction execution, dispute resolution and bridging (optional), order transactions, and ensuring data availability. For example, rollup is a modular blockchain that is dedicated to execution, offloading work to other specialized modular blockchains.
Comparing monolithic blockchains and modular blockchains
The main difference between monolithic blockchains and modular blockchains is their scalability and multifunctional approach. Although a single blockchain is fully functional, it faces scalability limitations due to its design. They use a single database to store all transactions on their network, which can cause problems as the network grows.
On the other hand, modular blockchain aims to overcome these limitations by dividing the system into smaller dedicated parts. This allows for extensibility and customization because each component can be optimized for its specific functionality. This approach also allows for versatility because different parts can be replaced or updated independently of each other.
The future of blockchain scalability
The development of modular blockchain represents a step forward in the pursuit of blockchain scalability. By dividing the system into smaller dedicated parts, modular blockchain aims to achieve scalability and versatility.
However, it is worth noting that both monolithic blockchains and modular blockchains have their advantages and disadvantages, and the choice between the two will depend on the specific needs and goals of the user or organization. As the blockchain industry continues to develop, we can look forward to seeing further innovation in monolithic and modular blockchain systems.
