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One thing to say, blockchain also has several limitations:
1. Some consensus mechanisms (such as Proof of Work, PoW) require a lot of computing resources and consume a lot of power.
2. Relatively complex. For ordinary users, there may be a certain threshold for understanding and using blockchain technology.
Regulatory & Compliance:
3. Due to the anonymity and globalization of blockchain, regulators face challenges, and how to implement compliance without compromising privacy still needs to be explored.
Blockchain is a technology that subverts the traditional way of data storage and transmission, and it provides new solutions for finance, supply chain, healthcare and other fields through decentralization, immutability and transparency.
While blockchain technology still has limitations, there is no doubt that its potential and impact is changing our future.
The above is the basic concept of Web3 - blockchain. 0 reply
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