Local Consensus Scaling refers to a method of enhancing the efficiency and scalability of blockchain networks. It focuses on achieving consensus among a smaller subset of nodes rather than all participants in the network. This allows for faster transaction processing and reduces the computational load on the entire system.In practice, local consensus can be implemented through various mechanisms, such as sidechains or sharding. Sidechains allow transactions to be processed off the main blockchain, while sharding divides the network into smaller pieces, each capable of processing its own transactions. Both approaches aim to streamline operations without sacrificing security or decentralization.This concept is particularly important as blockchain networks grow in size and user participation. By enabling quicker decisions and reducing the time for transactions to be confirmed, Local Consensus Scaling helps maintain high levels of performance amid increasing demand. Ultimately, this can lead to a smoother user experience, encouraging broader adoption and utility of the technology.

UK’s FCA to Allow Retail Investors Limited Access to Crypto ETNs
The UK’s Financial Conduct Authority (FCA) will permit retail investors to access certain crypto asset-backed exchange-traded notes (cETNs) for the