Ethereum is one of the most opted-for Cryptocurrency Exchange Platforms in the world. As amazing as this incredible cryptocurrency can be, there are a lot of underlying challenges stifling in the realm of Ethereum.
Addressing Ethereum Concerns
Constructing an extensively indexed database of Ethereum blockchain is applied using EthereumJ which adopts the JVM to run the EVM and through this analyzes every sanction transaction incidental till date on the network. However, this does not work as effectively as it should.
This mainly occurs as JVM is not as reliable as it should be. With numerous crashes and low-range documentation, EthereumJ indexes need to be reinstated time and time again. Recent news however states that this problem might soon change.
Bits N' More
A major issue that creeps up while working with Ethereum has to be its 256 Bit support and their controlling procedures.
The Ethereum Virtual Machine (EVM) has declared that when someone is looking forward to store these 256 bit numbers in numeric format on a high grade database where you are planning to apply a manipulative command such as queries then it may not necessarily happen.
Quality will always take a hit.
Crypto enthusiasts who have worked on the multi-threaded Ethereum-based indexer are ware that multi-threading leads the system to become slower and data may become redundant.
So if you plan to use the alternative to Bitcoin Core's technology that is Parity owing to its reputable effigy in the Ethereum market for being powerful and super efficient, you should be prepared as Parity is also notorious for posing its own share of system crashes. As for operating an archival Ethereum node, major need of disk I/O shapes up as every single smart contract to have happened in Ethereum environment is stored on the disk. Basically, one should have a sturdy disk that can handle Ethereum nodes and imposes enough IOP availability.
However after much research, the future predictions state that some much needed performance improvements are in store for Ethereum's node software.
Rising Complications in Smart Contracts
When it comes to smart contracts, it is difficult figuring out where did all the big money come from unlike that of UTXO systems like Bitcoin.
And judging from the present nature of the developer tools, smart contract debugging also poses its own share of hindrances leaving the user in a fix understanding where did the transactional failure occur.
Formation of Addresses
For every enterprise that uses money trading through Exchange Ethereum system is required to assign an unique address to every buyer/user - This will help the enterprise understand where all the money needs to be directed.
It is not as easy as it sounds though. Assigning addresses through smart contracts is way more complicated than it sounds or is for the other Blockchains. Smart contracts do not assign addresses when someone is offline; they only do so when the address can go live as an event on the Blockchain. This takes more time and a lot more money.
Smart Contract's Absence of Network-Wide Support
All the existing cryptocurrencies have educated the crypto-frenzied crowd with some insights to the various compatibility competencies in transit. As no one actually cares to scrutinize smart contracts and crosscheck if the payment is being made to their address only, all Ethereum exchanges may get manipulated and result in huge disorder.
Delays in the Network
All delays that have ever taken place in Ethereum were way too sudden leaving some unexpected adverse impacts that no one ever saw coming. The main reason for this is the wallet initialization procedure which is slightly confusing and can bring forth some minor hassles
Suppose a wallet contract is frozen and the person associated with it starts the transactional process then the Ethereum network fails to remove the occurrence as in reality on the network, there is no trace of any contract.
Tackling the Nonce Issue
A nonce is an optimal part of any Ethereum transaction and is only sent from an assigned address only if they are in order. Handling nonces for various wallets is hard especially when the transaction is not broadcasted for some reason or the other.
Currently, there are a couple of tools in the crypto market that overlook the sequence of nonces yet many a times when any transaction is not undertaken, the network will block the transactions to take place in the future.
Although there are a lot of ordeals that come into light while constructing the architecture of Ethereum, there are more than multiple reasons why an enterprise should consider adopting the Ethereum cryptocurrency for all transactions that are sanctioned within the business process.
And why not! Ethereum wins when it comes to owing the bigger advantage being a cryptocurrency that allows all the computing aspects to work over the network.