The emergence of Bitcoin in 2009 was the beginning of an era, an undeniable era that many refused to acknowledge. Bitcoin, regarded as the first-generation blockchain, is a cutting-edge technology that was first developed with the sole aim of revolutionizing the industry. It did just that but like many firsts, it has limitations in technological capacity. For one, when Bitcoin launched, it could only do the most basic things: send and receive cryptocurrencies, etc. That was as far as the technical composition could allow. Another limitation of the blockchain is its inability to process a large number of transactions. It is currently able to handle 7 TPS.