SharePoint framework webpart - ERR_SSL_PROTOCOL_ERROR

I was unable to view a newly created sharepoint framework webpart in Chrome browser and the error shown was

This site can’t provide a secure connection
localhost sent an invalid response.
Try running Windows Network Diagnostics.
ERR_SSL_PROTOCOL_ERROR

The only solution I could find for this problem was to change protocol of the local website from https to http.

Specifially, open serve.json file under config directory and set https = false, and initialPage = http://localhost:5432/workbench

{

  "$schema": "https://developer.microsoft.com/json-schemas/core-build/serve.schema.json",

  "port": 4321,

  "https": false,

  "initialPage": "http://localhost:5432/workbench",

  "api": {

    "port": 5432,

    "entryPath": "node_modules/@microsoft/sp-webpart-workbench/lib/api/"

  }

}

If you know of any other way to fix this error without changing protocol, please do let me know.

More information can be found on this blog https://github.com/SharePoint/sp-dev-docs/issues/2343