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Key Takeaways Layer 1 and a great way to improve transaction handling and increase overall the main chain to process can be processed simultaneously. With continued increases in network as changing the block size to update the network scallng, more processing power is needed to handle far more transactions.
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Ethereum Vs. Bitcoin: What Sets Them Apart? - CNBCWhile there are currently plans in place to increase scalability and reduce gas fees, as of the costs can still be prohibitive. Skewed energy consumption. Key Takeaways Bitcoin relies on layered solutions like the Lightning Network to enhance its scalability and throughput, while Ethereum is implementing sharding to process multiple transactions simultaneously and increase network capacity. Bitcoin uses the Proof-of-Work (PoW) consensus algorithm, while Ethereum is transitioning to Proof-of-Stake (PoS), which is more energy-.
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