Bitcoin Blockchain Problem: Key Issues and Solutions

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The Bitcoin blockchain faces several problems that can impact its efficiency and scalability. One major issue is the high energy consumption required for mining, which raises environmental concerns. Another problem is the limited transaction throughput, leading to delays and higher fees during peak usage. Additionally, the blockchain\“s size continues to grow, making it harder for average users to run full nodes and participate in the network. To address these challenges, solutions like the Lightning Network for off-chain transactions and improvements in consensus algorithms are being developed. These efforts aim to enhance Bitcoin\“s performance while maintaining its security and decentralization.