Problem Statement

While blockchain technology holds immense promise, several obstacles hinder its full potential:

• Scalability Limitations: Traditional blockchains like Ethereum often face congestion, leading to slow transaction times and high fees. This scalability bottleneck restricts the deployment of large-scale applications and hampers user experience.

• Security Concerns: Despite advancements, blockchain networks remain susceptible to security breaches, smart contract vulnerabilities, and data leaks. Ensuring robust security without compromising performance is a persistent challenge.

• User Accessibility: Complex interfaces and high entry barriers deter non-technical users and developers from engaging with blockchain platforms. Simplifying the onboarding process and enhancing user experience is crucial for mass adoption.

• Interoperability Issues: The fragmented nature of blockchain ecosystems makes cross-chain interactions cumbersome. Seamless interoperability between different blockchains is essential for fostering a unified and versatile decentralized landscape.

• Economic Viability: High operational costs and inefficient resource management undermine the economic sustainability of blockchain projects. Reducing transaction fees and optimizing resource usage are imperative for creating economically viable solutions.