Common Challenges That Could Affect A Developer’s Use Of Blockchain Technology
Some years ago, when the term “blockchain” was introduced, it sounded more or less a vague concept to most people. But today, the story is very different as virtually everyone is talking about it particularly with the popularization of cryptocurrencies like Bitcoin which emerged in 2009 and suddenly rose to prominence in 2019. However, it is amazing that amid the cryptocurrency boom, blockchain’s revolutionary applications are still very much unnoticed even to this very moment.
Despite being seen (historically) as the catalyst responsible for the emergence of Bitcoin and the entire cryptocurrency market, the blockchain technology is yet to receive the right recognition that it deserves. Unarguably, the truly revolutionary applications of this technology are yet to be felt. This is where the role of developers comes in. On a global scale, the adoption of this technology can be highly relevant when it comes to solving real-world problems.
Unfortunately, this has not been made possible due to certain constraints (challenges). Compared to the time when the internet was initially invented, many tech experts and big organizations came to its rescue to make it bigger, better, and faster. But this is not the case with the blockchain industry. Not many people are willing to support it. Only very few hands are involved with blockchain development which is currently faced with a range of problems such as storage, privacy, governance, scalability issues, etc.
Just so you know, these problems do not only affect the industry alone but virtually every other sector looking to adopt blockchain technology as a catalyst for development. As a matter of fact, app developers will find it difficult to develop fast and efficient applications if a scalable blockchain platform isn’t made available. And when blockchains can’t scale, there wouldn’t be any mass adoption.
Obviously, it is wrong to state at this very point that today’s blockchain platforms are free from vulnerabilities, weaknesses, and deficiencies. Currently, many of these blockchain solutions suffer from certain limitations that are restraining usability and adoption.
For this technology to meet its true promise, it will be necessary for developers to overcome these limitations and focus on creating a viable ecosystem. Now, let’s take a more analytical look at some of the most commonly persisting challenges that could affect how mobile app developers adopt blockchain technology.
As earlier stated, it is difficult to talk about blockchain development without considering how the tech is being affected by a range of scalability issues. This is one of blockchain’s biggest problems that need to be addressed first hand. The lack of scalability is an inherent problem of the technology that continues to restrict its growth as it can adversely affect the speed of the application currently in use.
As a matter of fact, no one is interested in making use of applications that are relatively slower than what they are used to. To this end, developers shouldn’t expect mass adoption of blockchain-based apps just for the sake of decentralization. With these problems on the ground, developers will find it difficult to make headway in their quest to provide credible blockchain solutions.
No doubt, the distributed ledger technology (DLT) has proven to be very fascinating and innovative in recent times particularly through the creation of conventional blockchains like Bitcoin — a wholly decentralized system where a high level of trust is required to perform certain financial actions without having to trust anyone. Nevertheless, it is quite sad to know that these amazing blockchain solutions have also had their limits which mostly have to do with scalability. They typically limit the number of transactions that can be processed within a given timeframe.
Obviously, these technologies were never designed to accommodate too many transactions. The nature of their protocol and blockchain design was not meant for this. Now, the recently increased adoption of cryptocurrencies has led to a prevailing scaling crisis thereby constraining in transactional throughput. As a result of these problems, there have been several cases of community splits, forks and a significant increase in transactional fees.
Inadequate Programming Ecosystem
As part of blockchain solutions, a new era of computational law has been introduced which allow for the technology to back and agree on contracts in a universally unbiased manner. Based on smart contacts, a unique form of programming ecosystem has been established. This is obviously a welcoming development. However, there is a big challenge for this.
The new environment has been faced with some sort of security pitfalls and design limits that will greatly affect any developers’ intention to adopt the technology. No doubt, integrating blockchain development into app development will certainly be flawed based on these emerging problems. It remains very difficult to build complex applications on the current base programming ecosystem offered by the technology.
No one knew — not even the providers of these blockchain solutions — that the highly revered decentralized system will face governance challenges until it happened to cryptocurrencies. Basically, these technologies lack central party and as such the blockchain protocol lacked a veritable stance to function without governance mechanisms.
In a bid to keep blockchain development on the right path, a balance needs to be struck between distributed and centralized control. Developers need to work toward preserving distributed control by providing steady inbuilt governance embedded into the blockchain structure.
Blockchain technology has been met with several usability issues due to the lack of feature-rich tools for third-party developers. As a result of this, the technology has been unable to gain a significant presence on mobile platforms which have led to the lack of widespread usage and a number of smart contract flaws. Also, system security has not been left out which has also been negatively impacted.
Until robust tools are created and developers learn to do away with hacky third-party tools, the issue of the usability will continue to prevail in the industry. Also, there is a need for adequate frameworks to be -created so as to enable third-party organizations to step up to the challenge of providing more centralized solutions for improved multi-platform availability.
Melissa Crooks is Content Writer who writes for Hyperlink InfoSystem, a mobile app development company in New York, USA and India that holds the best team of skilled and expert app developers. She is a versatile tech writer and loves exploring the latest technology trends, entrepreneur and startup column. She also writes for top app development companies.