Scalability: Blockchain networks can struggle with processing a high volume of transactions quickly and efficiently, especially in public blockchains.

Energy Consumption: Proof of Work (PoW) blockchains can be energy-intensive, raising environmental concerns.

Storage Size: The blockchain ledger continuously grows, demanding substantial storage capacity.

Privacy Challenges: While transactions are pseudonymous, blockchain data is public and can compromise user privacy.

Regulatory Complexities: Compliance with evolving regulations poses challenges for blockchain development companies.

Immutable Transactions: Mistakes or fraudulent transactions are challenging to reverse due to blockchain's immutability.

Interoperability Issues: Different blockchains may not seamlessly communicate, hindering data sharing.

User Experience: Wallet management and private key security can be complex for non-technical users.

Costs and Fees: Transaction fees can be unpredictable and high, impacting both users and blockchain development companies.

Legal and Governance Challenges: Disputes and governance decisions require evolving legal frameworks and resolution mechanisms.

Blockchain development companies like Blocktech Brew are actively working to address these limitations and leverage blockchain's potential in innovative ways. https://blocktechbrew.com/blockchain-development-company/

What Is The Major Limitation Of Blockchain Technology

Hey, I am Jasper Miller, an experienced blockchain app Development Associate with Blocktech Brew having 5 years of experience in blockchain development services. Creating Cryptocurrency, automated generative NFTs with a minting website, NFT Marketplace, and wallet is my core expertise when it comes to the web3 and the blockchain world. Working with Blocktech Brew, a renowned blockchain development company in UAE I have been rewarded as the top-performing blockchain applications developer in UAE. Leading a team of experienced blockchain developers who are well-versed in the latest technology I have helped in creating 100+ secure and reliable blockchain application that meets enterprise requirements.