blockchain scalability issues refer to the inability of Blockchain-based cryptocurrencies like Bitcoin to handle large numbers of transactions in a short time. For instance, bitcoin currently handles 7 transactions per second and Ethereum 20 transactions per second. However, it is nothing compared to the transactions handled by traditional payment methods such as VISA is 2000 and for PayPal is 200. As the popularity of blockchain is increasing, the number of transactions is also growing. Cryptocurrencies need to work on these scalability issues to keep up in the market.
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