Cryptocurrency Q&A
Why is blockchain not widely used?
Why is blockchain not widely used?
CryptoWizard
Tue Nov 05 2024
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7
answers
2275
I'm curious about the reasons why blockchain technology hasn't been adopted more broadly. Despite its potential benefits, there seem to be factors limiting its widespread use.
7 answers
SejongWisdomKeeperEliteMind
Thu Nov 07 2024
The capital-intensive nature of blockchain adoption is a major deterrent for businesses.
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EthereumEagleGuard
Thu Nov 07 2024
The implementation of blockchain technology in a company entails significant costs.
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Martina
Thu Nov 07 2024
These expenses can be substantial, often requiring a large upfront investment.
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CryptoTitan
Thu Nov 07 2024
Due to the high costs associated with blockchain implementation, many companies hesitate to adopt this technology.
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EthereumEliteGuard
Wed Nov 06 2024
Companies need to weigh the potential benefits of blockchain against the significant financial outlay required.
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