CHALLENGES IN BLOCK CHAIN TECHNOLOGY
Dr. Sunil Kumar
Assistant Professor - Department of Electrical Engineering Kalinga University, New Raipur
We know that for any transaction third party involvement is required. In case of Block chain, transaction is possible without third party involvement.
There is lot of challenges in block technology such as privacy, scalability, interoperability, block size, transaction fees, software testing, security, algorithm etc.
To maintain privacy in transaction is difficult task so that other should not access data. There are also lot of protocols that can use to maintain network standard. Data should be handling with high accuracy so that there must be trustable. With the increase of nodes scalability is difficult, which result these problem arises such as cost and capacity ,networking and throughput .
Thus we have to deal challenges in Block chain technology as per the need and requirement.
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