Part 6/8:
Regulatory Scrutiny: With cryptocurrency and blockchain technologies still evolving, navigating the regulations surrounding these fields poses an additional hurdle.
Security Risks: While user control over data is empowering, it raises concerns about how that data is managed. It is crucial that the platform implements robust security measures to protect user information.
Fortunately, thanks to the inherent features of blockchain technology, such as encryption and decentralized storage, the risks associated with data breaches can be significantly mitigated.