Before we dive into its limitations, let’s revisit the basics. Blockchain is like a digital ledger, a chain of blocks containing information. Each block stores a list of transactions, and once added, it cannot be altered, making it secure and tamper-proof. Blockchain operates in a decentralized manner, meaning there’s no central authority overseeing it. This transparency and security are the core strengths of blockchain.

The Limitations of Blockchain Technology
1. Scalability Challenges
Imagine a blockchain network as a highway. Initially, it’s smooth sailing with just a few cars (transactions). However, as more vehicles join the road, traffic congestion occurs. Similarly, blockchain networks face scalability issues when the number of transactions increases significantly.

By Jaspermiller

Blockchain technology has been hailed as a game-changer, disrupting industries, enhancing security, and redefining how we handle digital transactions.

Leave a Reply