III) Scalability and Performance Scalability remains a serious constraint for popular blockchains such as Bitcoin and Ethereum. As the number of transactions increased, networks struggled to maintain performance, leading to canada whatsapp numbers slower transaction times and higher prices, commonly known as 'gas fees'. Efforts to migrate to more efficient protocols, such as Ethereum's transition to Proof of Stake (PoS), as well as approaches like staking, attempt to address these challenges.
Iv) Energy Consumption and Environmental Impact The energy consumption of blockchain networks, especially those using Proof of Work (PoW) protocols, is enormous. The environmental impact of mining operations is a global concern, prompting government action in countries such as China and increasing pressure on the sector to use renewable energy sources and more energy-efficient equipment.
