Limitations of Blockchain technology that address the most problematic problem

Blockchain Technology is an efficient data management technology that ensures the security, integrity and anonymity of data in transactions. Integrity is sustained without having to bring the influence of a third-party central authority.

Future directions for the application of blockchain technology derive from current research for its application in different market segments. The importance of addressing technical limitations in a way to overcome them to ensure improved applications is becoming increasingly relevant.

There are many limitations in terms of security and privacy, and most of these problems must have a concrete search for practical solutions. Transactions in the blockchain network can be disturbed due to lack of privacy of the nodes. And the confirmation that the transactions do not take place automatically, consume a lot of electricity and computing power.

The process of studying systematic mapping is used to identify scientific databases that will ultimately help identify possible areas of research and relevant questions that will be needed for future research.

Several challenges have already been identified. In the financial application of blockchain technology for cryptocurrency transactions, the number of users is already increasing and there is a constant demand for the exchange of legal currencies with cryptocurrencies in the various cryptocurrency exchanges.

It is necessary to increase the Bitcoin network throughput by increasing transactions per second, to facilitate the increase in the number of operations that will occur when the frequency of encryption will increase when the currency becomes mainstream.

In the current scenario, in the atypical Bitcoin transaction, it takes 10 minutes to complete the transaction. To guarantee the security of the transaction, it is necessary to spend a lot of time to avoid the cost of the double expense problem. This should be made possible in a few seconds facilitating the formation of blocks faster than the current speed. It should be done on par with a Visa Transaction.

With a block created every 10 minutes, there is a limitation to the number of transactions that can be performed every minute. The cut it and the bandwidth problem should be solved by facilitating the improvement of research in this area. Bitcoin mining leads to wasting a lot of energy. Proof of Work and Proof of Stake systems should be integrated efficiently to achieve a sustainable mining solution.

When the chains of blocks are divided by administration, a new set of problems arises. This is because the smaller knots are easy to attack. IS essential evaluate the challenges and questions that should be addressed and formulated before giving priority to the most problematic issue.