What are the potential drawbacks of adopting EIP 2981 in the digital currency market?

3 answers

• Nov 28, 2021 · 3 years ago
  One potential drawback of adopting EIP 2981 in the digital currency market is the increased complexity it may introduce to the ecosystem. With the introduction of new features and functionalities, there is a higher chance of bugs and vulnerabilities. This could potentially lead to security breaches and loss of funds for users. It would require thorough testing and auditing to ensure the stability and security of the system. Another drawback is the potential impact on network scalability. EIP 2981 introduces changes to the fee structure, which may result in increased transaction costs. This could lead to congestion on the network and slower transaction processing times. It may also deter smaller participants from engaging in transactions due to higher fees, potentially centralizing the network. Additionally, the adoption of EIP 2981 may create challenges for decentralized applications (dApps) and smart contracts. The changes in the fee structure could affect the economic models and incentives of dApps, potentially disrupting their functionality. Smart contracts that rely on specific fee structures may need to be updated, which could introduce additional costs and complexities. Overall, while EIP 2981 aims to improve the digital currency market, it is important to carefully consider and address these potential drawbacks to ensure a smooth transition and minimize any negative impact.
  1406703
• Nov 28, 2021 · 3 years ago
  Adopting EIP 2981 in the digital currency market could potentially lead to increased complexity and security risks. The introduction of new features and changes to the fee structure may introduce bugs and vulnerabilities, putting users' funds at risk. Thorough testing and auditing would be necessary to mitigate these risks. Another potential drawback is the impact on network scalability. Changes in the fee structure may result in higher transaction costs, leading to network congestion and slower transaction processing times. This could hinder the scalability of the digital currency market and discourage smaller participants from participating. Furthermore, the adoption of EIP 2981 may have implications for decentralized applications (dApps) and smart contracts. The changes in the fee structure could disrupt the economic models and incentives of dApps, requiring updates and potentially introducing additional costs. It is important to carefully evaluate and address these potential drawbacks to ensure a successful implementation of EIP 2981 in the digital currency market.
  1088363
• Nov 28, 2021 · 3 years ago
  As an expert in the digital currency market, I believe that the potential drawbacks of adopting EIP 2981 should not be overlooked. While the proposal aims to bring improvements, it is crucial to consider the potential negative consequences. One potential drawback is the increased complexity that may arise from implementing EIP 2981. The introduction of new features and changes to the fee structure could introduce bugs and vulnerabilities, posing security risks to users. Thorough testing and auditing would be necessary to ensure the stability and security of the system. Another drawback is the potential impact on network scalability. Changes in the fee structure may result in higher transaction costs, potentially leading to network congestion and slower transaction processing times. This could hinder the scalability of the digital currency market and discourage smaller participants from engaging in transactions. Furthermore, the adoption of EIP 2981 may pose challenges for decentralized applications (dApps) and smart contracts. The changes in the fee structure could disrupt the economic models and incentives of dApps, requiring updates and potentially introducing additional costs. To mitigate these potential drawbacks, careful planning, testing, and community collaboration are essential. It is important to address these concerns to ensure a smooth transition and minimize any negative impact on the digital currency market.
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