STEEM stability issues and solutions

Assalamualaikum

Greetings to you all!
STEEM is a decentralized and social media based blockchain at which there are multiple stability challenges but today I am here not only to explain challenges but also the solutions of them.

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Scalability

Steem is a network or blockchain which may face scalability issues because when number of users and transactions increase then issues like this may raise.

• Simple solution of scalability issue at this blockchain is the implementation of layer to solutions like if there would be the implementation of side change or off change transactions would occur then scalability issues would reduce.

Governance

Governance issues made is at this blockchain and for this reason decision making process slows down and as a result different types of conflicts related to governance increase.

• When I talk about governance issues solution then if more streamlined decentralized governance models would introduced at this blockchain then it would be the source of enhancement of decision making efficiency is and abilities at STEEM.

Centralization

If there are many stakeholders at this blockchain then it would be leads to centralised power due to their influence so there is another major issue like this at STEEM.

• Solution is that if there are large stakeholders suppose them we should increase high participation and distribution of STEEM tokens so that decentralization at the blockchain stay maintained.

Security

We all know that each and every blockchain is highly vulnerable to attacks like 51% attack Sybil attack or other hacking attempts.

• if there would be regular audits and updates and along with this their would be incentivization of network participation then in this way security would remain enhanced at STEEM blockchain.

Economic Stability

We have experienced that cryptocurrency is always unstable because it is volatile that's why due to market volatility there is a lot of impact in valuation of STEEM token which can compromise level of interest and confidence of users.

• Solution of this problem is the design the different mechanism which include burning of token as nowadays we are burning 25% of STEEM token Hy setting 25% to null account.

User Adoption

If market is very competitive then it would become always very challenging to attract new users and investors at the platform and at STEEM blockchain.

• Solution of this problem is that if there would be more introduction of user friendly interfaces and their would be more educational resources and users engagement would be incentivized then adoption by uses may be encouraged in this way.

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Regulatory Compliance

If there would be too much and hear and for evolving the regulatory requirements or needs then it becomes very challenging for blockchain projects.

• Simply there is a solution of making collaboration strong with legal experts and to increase the active engagement with regulators can help in ensuring compliance.

That was all about some of the stability issues at steem blockchain along with some of the easiest solutions with each and every issue and there could also be other issues which can be discussed but for now I have discussed the major one so that it may become easier for everyone to understand these issues.

Have a blessed day