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What are the technical challenges faced by blockchain technology in terms of scalability, security, and decentralization (the blockchain trilemma)?

» Technical Aspects

Scalability is challenged by the limited transaction processing capacity, leading to potential delays and higher fees.
Security concerns arise from the risk of 51% attacks and the need to continually adapt to evolving cryptographic threats.
Decentralization can be compromised by the concentration of mining power and the governance models that may favor central control.

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S securityminister74 on 10.10.2023 Posts: 23

So, getting straight to the point here, folks... You all know the big deal about blockchain technology, right? It's practically everywhere. But despite the hype, it seems there are some serious technical challenges when it comes to scalability, security, and decentralization - you know, the whole blockchain trilemma hurly-burly. Does anyone out there have some detailed insights about these challenges and perhaps some potential solutions as well?

C CrYpt0V0y4g3r on 08.04.2024 Posts: 19

For sure, there are no easy fixes here. Scalability bumps heads with security and decentralization; it\'s like trying to juggle with too many balls in the air. Plus, security measures can bog down the speed and throughput, while attempts to scale up can leave the system more centralized, which totally defeats the purpose. So yeah, it's a real tough nut to crack.

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