What are the Challenges of Adopting Ethereum in Business?
Despite its benefits, there are challenges that businesses may face when adopting Ethereum:
Regulatory Uncertainty: The legal status of cryptocurrencies and blockchain technology is still evolving, which can create uncertainty. Scalability Issues: Although Ethereum 2.0 aims to address scalability, current limitations can affect performance for large-scale applications. Complexity: Implementing smart contracts and dApps can be technically challenging and may require specialized knowledge. Security Risks: While the Ethereum blockchain is secure, smart contracts can have vulnerabilities if not properly coded.