Despite its potential, there are some limitations of Web 3.0 that need to be addressed as it is still in its infancy, and some of them are:
Scalability
It is one of the primary limitations. The huge volume of transactions required to run a massively scaled decentralised application is too much for the blockchain technology now being employed in web 3.0. This may result in sluggish transaction times, expensive fees, and clogged networks. Researchers are researching novel scaling methods including sharding, off-chain transactions, and layer 2 scaling solutions to overcome this constraint.
Interoperability
It is another limitation. Since separate blockchain networks can’t currently connect with one another, decentralised applications that require access to data or assets on several chains may run into difficulties. Researchers are working on remedies including cross-chain communication protocols and atomic swaps to overcome this constraint.
User experience
Decentralised applications can be intricate and challenging for the typical user to utilise. Researchers are working on remedies like streamlined wallets and user-friendly interfaces to overcome this constraint.
Absence of laws
It is another limitation, which can make it difficult for companies and people to adopt or invest in web 3.0 technology. Web 3.0’s decentralised structure promotes greater freedom and autonomy but also brings new legal and regulatory difficulties.
Lack of standardisation
Web 3.0 is also limited by a lack of standardisation, as many protocols, platforms, and tools are being created independently, making it challenging for developers to create applications that operate seamlessly across several networks. Another limitation is the absence of adoption, education, and awareness.
Even though Web3.0 is still in its infancy, it is crucial to educate and increase awareness among people, companies, and governments about its advantages and limitations.
Web 3.0 has numerous potential advantages, including increased security, privacy, and autonomy, but it also includes drawbacks that must be resolved. These limitations will be removed as this field’s research and development progresses, making web 3.0 more widely usable, scalable, and accessible.