What is a potential downside of blockchain technology?

Blockchain technology has several disadvantages that need to be addressed.

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One of the major drawbacks is scalability. Blockchain networks are harder to scale compared to traditional databases. This is because blockchain requires all nodes in the network to validate and store every transaction, which can lead to bottlenecks as the network grows.

Another challenge is integration. Blockchain technology is still relatively new and can be difficult to integrate with existing systems and processes. This can be a barrier to adoption for businesses and organizations that rely on legacy systems.

High energy consumption is another issue with blockchain technology. The process of mining new blocks and validating transactions requires a significant amount of computational power, which in turn consumes a lot of energy. This can be environmentally unsustainable, especially as the use of blockchain technology continues to grow.