Please allow ads on our site
Kindly log in to use this feature. We’ll take you to the login page automatically.
LoginWhat are the best criticisms of blockchain technology?
General Tech Technology & Software 3 years ago
User submissions are the sole responsibility of contributors, with TuteeHUB disclaiming liability for accuracy, copyrights, or consequences of use; content is for informational purposes only and not professional advice.
Answers (2)
manpreet 3 years ago
Decentralized technology is inherently more inefficient than centralized tech. In Bitcoin this expresses e.g. in the difficulties to implement Scalability and the Proof of Works energy consumption.
The other most prevalent criticism I've read is that there is no central instance in Bitcoin to dampen value swings. The predetermined rate of money creation does not leave any option of steering the money supply. While this is something many Bitcoin advocates like about the project, citing the patchy performance of central banking in the past, the resulting volatility is frequently listed as the most important design flaw of Bitcoin.
No matter what stage you're at in your education or career, TuteeHUB will help you reach the next level that you're aiming for. Simply,Choose a subject/topic and get started in self-paced practice sessions to improve your knowledge and scores.
Similar Forum
Explore Other Libraries
Online Exams
Question Bank
Career News
Feeds
Full Forms
Dictionary
Interview Question
Gigs
Quotes
Lyrics
Videos
Courses
Blogs
Tutorials
Forum
Educators
Corporates
Tools
Please allow ads on our site
Kindly log in to use this feature. We’ll take you to the login page automatically.
Login
manpreet![Tuteehub forum best answer]()
Best Answer
3 years ago
What are the best criticisms of blockchain technology? Specifically, what are the top flaws of the blockchain as it's currently implemented by Bitcoin?