Apart from security and privacy, discussed in Chapter 18, Scalability and Other Challenges, several other hurdles should be addressed before the mainstream adoption of blockchains can be realized. These include regulation, government control, immature technology, integration with existing systems, and implementation costs.
Other challenges
Regulation
Regulation is considered one of the most significant challenges that need to be addressed. The core issue is that blockchains and especially cryptocurrencies are not recognized as a legal currency by any government. Even though in some cases, it has been classified as money in the US and Germany, it is still far from being accepted as a regular currency. Moreover, blockchains...
