Blockchain limitations

Various limitations inherent in blockchain technology prevent us from fully engaging with it:

Building and Syncing a Node

Setting up a blockchain node can be extremely time-consuming, taking weeks or even months. The process is frustratingly slow, and it’s hard to predict when it will complete. As the Ethereum and Bitcoin blockchains grow daily, maintaining a stable network becomes increasingly challenging. Balancing blockchain configuration with hardware requirements can be costly and complex. While services like QuikNode and Infura offer nodes as a service, they may not provide all the APIs you need and can be expensive.

Understanding APIs and Transactions

Starting a blockchain application involves navigating a complex array of transactions and APIs. For instance, Ethereum transactions include internal transactions that can be difficult to manage and understand without simplification.

Performance Issues

Monitoring transactions for every address by scanning the blockchain is inefficient. Instead, you need a service that provides real-time notifications for transactions involving specific addresses, which can be achieved through a webhook API.