Posts

Showing posts with the label disadvantages of Blockchain

Featured Post

How to Compare Text in Python

Image
Python like other programming languages supports comparison operators. These primarily use to test the condition in the program. Here's a list of operators that you can use in python programs. Comparison operators List of operators < <= > >= == != Is is not How to use comparison operators Here, I have assigned 23 to a and 11 to b. Then, I did apply all the comparison operators. The output is self-explanatory, and If you are in doubt while programming, remember to visit this page. Examples a = 23 b = 11 print("Is a greater than b?", a > b)           #greater than print("Is a less than b?", a < b)              #less than print("Is a greater or equal to b?", a >= b)   #greater or equal print("Is a less or equal to b?", a <= b)      #less or equal print("Is a equal to b (option 1)?", a == b)         #test for equality print("Is a equal to b (option 2)?", a is b)         #test for equality print("I

4 Must read Blockchain Disadvantages for Consumers

Image
Here are the disadvantages of Blockchain. Below, you will find the list of these. Blockchain Disadvantages Lack of privacy Loss of personal responsibility Loss of jobs Reintermediation 1. Lack of Privacy Public blockchains do not hide any of their data. Instead, everyone can read the complete history of transactions. This level of transparency is frightening for those who want to protect their privacy. These concerns are understandable when considering the level at which personal data are already collected and utilized by large corporations or intelligence agencies. 2. Loss of Responsibility Loss of personal responsibility is often considered a consequence of disintermediation. Intermediaries not only bring different parties of a contract together but may also provide guarantees. They offer reconciliation in cases when transactions do not work out as intended, and they are also obliged to take responsibility for their actions. The shift from trust in people and human organizations to