Solidity's Security Woes
Solidity, still in beta, has vulnerabilities that have led to significant financial losses. These security issues have undermined investor and user confidence and highlight the need for more robust development and testing before widespread adoption.
EVM Limitations
The Ethereum Virtual Machine (EVM) is limited by a lack of developers skilled in EVM-compatible languages such as Solidity. This limits the diversity and potential for innovation within the blockchain development community.
Scalability Constraints
Layer 1 smart contracts on blockchains such as Ethereum are constrained by block size limits. This restriction reduces the scalability potential of the applications, impacting their efficiency and transaction processing speed.
Validator Centralization
The validation structure of common EVM chains tends to centralize control in entities capable of operating large data centers, undermining the decentralized spirit of blockchain technology.
