processes seven transactions per second. You will find that the ledger
has crossed 100’s of GBs if you try to set up the bitcoin miner on your
system. It leads to storage problems for multiple nodes who want to
become part of the network as it is not efficient in data storage.
Whenever the data is updated, the nodes need to replicate it, making it
clear that there needs to be a better way to handle this. With more
transactions and nodes added to the blockchain, its size grows to make
the whole network slowdown, which is not ideal for commercial
blockchains where speed and security are the concerns. With the help
of other blockchain solutions, the performance issues are being
improved, and even Bitcoin, with the help of lightning networks, is
trying to solve the performance issues. Many experts believe that due
to the technology’s architecture, blockchain will not be able to catch
the competition though the blockchain proj ects have taken steps to
boost transaction speeds. A big barrier to blockchain adoption is the
slow transaction speed.
A number of transactions per second: A comparison of the
transaction speed of Bitcoin and Visa shows a huge difference
between them. Currently, 4.6 transactions per second are done by
Bitcoin when compared; Visa can do a whooping 1,7 00 transactions
per second, meaning that in a day, it can do 15 0 million transactions
per second.
Limited programming ecosystem: A continuous decision-making
process is software development mainly relying on the software
engineer’s
experience and intuition. Based on the proj ect
requirements, one of the decisions to be taken in the early stages of the
process is to select the best programming language fitting the
ecosystem. A challenging decision-making process is led to by a
significant number of criteria such as developer availability and
consistent documentation in addition to the number of available
options in the market. A decision model is required to analyze the
selection problem using systematic identification and evaluation of
potential alternatives for a development proj ect as the selection of
programming language ecosystem depends on the application to be
developed and its environment. In the context of software analysis, the
term programming ecosystem is “a collection of software projects
which are developed and co-evolve in the same environment”. The