Advantages and Disadvantages of Blockchain.

Advantages.

1. It is a Decentralized System.

2. The Blockchain is Transparent.

3. The Blockchain is More Secure.

4. Faster and Cost-Effective.

5. It is Immutable.

6. It Can Record Historical and Current Records In One Place.

7. No Downtime.

8. User Empower.

Disadvantages

1. Complexity.

2. Size of Blockchain.

3. Need More Resources.

4. Human Errors.

Conclusion.

--

--

--

Crypto lover.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Elrond — Discover the New Digital World

Learning Crypto #10: Scaling Solutions Part 2

Ethereum: Experimenting with Oracles & Why It Matters

💸 Reward distribution for GTN’s holders October 15, 2021

Hacker Noon Founder Interview: Stephen Tse of Harmony.One

Blockchain: A Catalyst to Profitability in the Supply Chain Industry — Cygnet

Crodo Referral program

Project Spotlight: IOI Game — Thrilling Trade Race Manager experience on Polygon

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Karthik. Kc

Karthik. Kc

Crypto lover.

More from Medium

Ethereum Beacon Chain Suffers Longest Blockchain ‘Reorg’ in Years

KawaiiSwap Integrates Chainlink Keepers and VRF to Unlock New DeFi Functionality

Don’t Confuse Blockchain With Crypto

KUCOIN ARBITRAGE BOTs.