Is the Future of Blockchain Uncertain?
Blockchain has witnessed an exponential growth in its adoption and application, with blockchain’s worldwide market size slated to reach $67.4 billion till the year 2026 and a CAGR of about 68.4% between 2021 and 2026. From robust customer identification to transparency across various sectors, including healthcare, blockchain is bound to reshape multiple industries and sectors. Organizations are recognizing their ability to boost business with blockchain. According to PwC, blockchain could expand the U.S. economy by an estimated $407 billion till 2030. Though it was blockchain’s emphasis on risk-free transactions that brought attention to it, security also emerges as a primary concern now that organizations are beginning to understand the technology. For instance, in March 2022, gaming-based Ronin Network suffered a financial setback of $600 million in USD and ether (ETH) when a hacker attacked Axie Infinity’s bridge chain. The primary cause of the cryptocurrency