Five major challenges in the blockchain industry
Blockchain technology has demonstrated tremendous potential when it comes to streamlining conventional validation processes that require scalability and transparency. However, the technology faces a myriad of blockchain adoption challenges, which is the focus of the discussion in this article.
Key challenges for blockchain adoption
The following sections consist of a breakdown of some challenges of blockchain adoption.
Security issues
Organizations in all industry sectors will face a complicated and potentially contentious array of difficulties, as well as new dependencies, as the blockchain ecosystem matures and additional use-cases arise.
There are numerous problems with blockchain and security issues are among them. So, what are the weaknesses of blockchain in terms of security?
51% attacks
Blockchain technology designs, for example, differ in architecture. Some are more secure than others. Decentralized blockchains are, for example, more susceptible to 51% attacks than centralized ones. This has caused a few problems for crypto enthusiasts who prefer to keep their assets on decentralized chains. Read More...
