Blockchain 101

Limitations of Blockchains

The Scaling Problem

While blockchains are a very intriguing technology, they still have their limitations. As blockchains are a relatively new technology, there is a lot of uncertainty surrounding them. Regulators have yet to clarify the status of cryptocurrencies and are just learning about blockchain technology. Additionally, blockchains have not reached a sufficient level of scalability. Scalability describes the ability for a network to meet increased, real-world demand by being able to process transactions at a fast enough pace as to not create a backlog.

There are many projects working to solve the scalability issue, and many are examining different approaches to address the technological limitations of a blockchain. Centralized services such as Visa can process thousands of transactions a second. It is currently very difficult for a decentralized network to achieve this type of efficiency.

You’ve completed our Blockchain 101 course! You now have learned about blockchains, decentralization, and the applications offered by the technology. Continue to our courses page to see what else we have to offer!