The current systems have given the world an ability to achieve more than just making a crypto transaction on a blockchain. Although each system provides its unique features, they face issues in many aspects of the real-world scenarios. In this part of the paper, we will highlight the most critical failures of the current systems.
Resource is consumed by the system to carry out a certain operation on the blockchain. Under peak requests, the problem that arises is whether the system can behave consistently or will it grow over time depending on the availability of resources on the network. These concerns are merely not hypothetical but very practical if the network that is introduced is to solve these problems.
There is a huge concern regarding the fact that during peak requests is the system autonomous enough to decide to distribute resources. A system like this needs to be capable enough to make autonomous decisions in securing, improving and inter-linking the other systems. It is a statement of great advancement for the system to self-govern.
Interoperability was discovered recently and it solves the problem of blockchains working in silos. The current system’s concern is whether it will communicate with other systems or not. The idea of trading transactions from one blockchain to another is a huge milestone to achieve. With the present applications upgrading it is necessary for the system to align itself with the growth in the industry streamlined with interoperability.
Blockchain became popular because one of its crucial features is a decentralized system. Users from around the globe are connected to various blockchains, giving them a right to equal representation. It is a matter of great responsibility that the current system proposed is fair in allowing regular computers to participate in the network to reach decentralization. The system is also under analyses to present itself fair in matters of the distribution of rewards.The present..........