One of the most significant challenges with blockchain is security

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40 billion. Japan, the Middle East, and Africa are also on the investment map, but they lag behind, reflecting broad global interest in blockchain technology. Major Challenges in the Blockchain Industry Blockchain's journey from niche tech wonder to mainstream industrial powerhouse has been fraught with challenges. Below, we look at the five major hurdles the blockchain industry must overcome. in order to fully realize its disruptive potential.

Security Vulnerabilities . Despite their basic security measures, some blockchain topologies can be more vulnerable than others, particularly to 51% attacks, in which individuals or organizations seize control of the majority of the canada whatsapp numbers mining power and thus control the network.



This can lead to problems with double spending and transaction reversals. Additionally, the rise of decentralized finance (DeFi) platforms has led to smart contracts being used to launch flash lending attacks, which use temporary loans to manipulate currency prices for profit. Another issue is that centralized blockchains contain coding flaws that allow attackers to access keys and steal assets directly from wallets.