STEEM Blockchain challenges and their possible developments
Greetings to you all!
At STEEM Blockchain there are some arising challenges with the passage of time that I have observed as well as there are need of many improvements to made in this blockchain sothis is I am going to share with all of you.
• Scalability is one of the most significant challenge this blockchain is facing because I have observed that with the passage of time ratio and number of users is increasing day by day so definitely due to increasing number of active users there is also increasing number of transactions so there is increased in load in our all blockchain which is compromising its efficiency so in this way there is a need to optimize the consensus algorithm and two improve the performance of network.
• User experience is another challange that this blockchain is facing because with the passage of time if new features would be introduced then it would create a more complex interface for new commers. It is essential to simplify the experience of users so that new people and users including investors may get attract towards the blockchain.
• We all know that there are multiple robust security measures STEEM blockchain requires so that blocks in have protection system against hacking attempts of manipulators and for safety of users funds and other Private data like their keys so there are also on going efforts for strengthening of security protocols.
• As with the passage of time users at the platform and at STEEM blockchain are increasing in the same way challanges related to moderation are also increase because it is becoming difficult to handle content and to check high quality content and to prevent scams and spam. There is a need to improvement effective moderation mechanism for maintenance of integrity of platform.
There could also be some of the improvements we can made in STEEM blockchain.
• There is a need to improve scalability and transaction speed for handling increased network activity.
• There is a requirement to enhance experience of users with much user-friendly interface.
• There is a significant need to strengthen security protocols for providing a layer of protection against different threats and hacking attempts.
• There is a need to foster a vibrant and engaged community by encouragement of active participation and collaboration.
• Implementation of effective content moderation mechanisms to maintain high-quality content and discouragement of spam is crucial.
• There's a crucial need of enhancement of decentralization by empowering stakeholders and enable them to proceed a more transparent governance processes.
• There should be some strategic partnerships and collaborations for spreading the ecosystem,for making it much popular and for attracting more users.
• Refining of the reward system for incentivization and fair compensation of content creators and curators is important improvement.
• There's a need of Continuous upgrading of the blockchain's infrastructure for optimizing it's overall performance and efficiency.
So these were some of necessary challanges along with some positive measures of them for STEEM blockchain improvement
https://twitter.com/sahar78147909/status/1779096883975118924?t=31PKVSwdHbmIhA2jYNEe9w&s=19
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Regards,
@theentertainer
A beautiful well designed notes of details about Steem block chain development