The drawbacks of cryptocurrency

The difficulties of scaling the Blockchain network outweigh the cryptocurrency's rise in popularity. The Blockchain nodes' capacity to validate transactions in a matter of seconds is significantly impacted by the increasing number of individual nodes and the consequent increase in the number of transactions.

When compared to the transactions handled per second by centralized systems, this is a significant setback. Despite the fact that newer blockchain technologies have attempted to address this issue, which persists to this day, solutions have been developed in recent years.

The architecture of Blockchain technology failed to recognize conditions of incorrect data usage, such as an incorrect wallet address or incorrect transaction amount. Because minor oversights or errors can alter a wallet address, this issue has resulted in significant losses for numerous on-chain users.

Investors have yet to devise a solution to the problem of fluctuating prices for cryptocurrency assets. As a result, a wager is placed on the crypto assets' value stability. Ideally, the price stability of crypto assets has been significantly impacted by centralized agency pressure to regulate the crypto ecosystem.

Additionally, the overall valuation of an asset is influenced by the ratio of demand to supply. This, in turn, influences the market movement of these assets because there are numerous cryptocurrencies with less genuine projects.

Fraudsters take advantage of the fact that cryptocurrencies only stop at public addresses to their advantage, reducing the impact of security agents' searches on fraudulent transactions.