Smart contracts hold the potential to revolutionize industries. However, building efficient and scalable solutions requires more than coding. Below, we have rounded up a few advanced technologies one should follow while smart contract development -
Gas optimization: Prioritize the smart contract design and data structure that minimize the transaction fees. Batching and aggregation: Group transactions together for significant performance gains, especially in high-volume scenarios. Layer 2 solutions: Explore layer 2 scaling options like optimistic rollups and sidechains for faster transactions and lower fee benefits. Leveraging libraries and frameworks: Utilize pre-built components to save time and ensure security. Off-chain computation: Move less critical computations off-chain as it reduces on-chain costs and workload.
Embracing the above-listed advanced techniques while smart contract development will help you come up with a truly scalable and impactful solution.