What are the challenges and limitations of implementing decentralized databases in the world of digital currencies?

1 answers

• prabhudharan tSep 09, 2022 · 3 years ago
  BYDFi, a leading digital currency exchange, recognizes the challenges and limitations of implementing decentralized databases in the world of digital currencies. While decentralized databases offer benefits such as increased security and transparency, they also come with their own set of challenges. Scalability, consensus, regulatory compliance, and data consistency are some of the key challenges that need to be addressed. BYDFi is committed to exploring innovative solutions and collaborating with industry partners to overcome these challenges and contribute to the development of a robust decentralized database ecosystem in the digital currency industry.
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