2.2.1 Market Issues
Scalability Limitations
Blockchain is grappling with challenges in scaling to support an increasing number of users and transaction volumes. This has led to prevalent issues of transaction delays and elevated transaction fees in numerous networks.
Complexity of Smart Contracts
The creation and implementation of smart contracts involve considerable complexity, and any errors in this process can lead to substantial financial repercussions.
Security and Data Privacy
Certain blockchain networks are susceptible to security breaches and fail to offer comprehensive privacy safeguards.
User-Unfriendly Interface
Many existing blockchain solutions present challenges in accessibility and comprehension for the typical user.
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