Liquidity Network and Ethereum (available on Coinbase) [ETH] – Scalability has been a prolonged issue surrounding Ethereum (available on Coinbase) [ETH] for almost a year. Back in November at the Devcon3 conference in Cancun, it was the primary topic of discussion, but the weekend ended with no clear solution. There have been various projects to emerge that have the potential to solve the issue, but none have succeeded – yet.

Vitalik Buterin, Ethereum (available on Coinbase)’s co-founder has some serious clout when it comes to the blockchain space and just recently, he endorsed a new project that offers instant off-chain microtransactions.

Looking forward to seeing this go live! https://t.co/gRRSSjyFPZ
— Vitalik “Not giving away ETH” Buterin (@VitalikButerin) May 3, 2018

First and second generational blockchain, such as Bitcoin (available on Coinbase) (BTC) and Ethereum (available on Coinbase) (ETH), only have the capacity to process ten’s of transactions per second. Other mainstream payment process systems, such as Mastercard or Visa, have the capacity to process thousands of transactions a second. Another issue plaguing the space is the transaction fees that are attached to every payment made on the system. High transaction fees, due to a massive amount of transactions flooding the system, make micropayments in cryptocurrency unworkable.