Q&A: What are all the problems present in the current Blockchain.
15 Jul 2022, 11:02
Q&A: What are all the problems present in the current Blockchain?
Current blockchain solutions have one or a combination of the below problems.
Poor performance - Slow transactions and stalling (Bitcoin, Ethereum)
Environmentally damaging due to high energy consumption (Bitcoin, Ethereum)
Poor security - due to the use of pseudo-random numbers for mission-critical processes like the generation of private keys (ALL existing blockchains)
Non-standard technologies - Deployment of Smart contracts and Applications in such blockchains have been poor (Cardano, Tron)
For more details, visit:
RT: