including the rise of Initial Coin Offerings (ICOs) as a fu

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The introduction of smart contract platforms led to an explosion of innovation, including the rise of Initial Coin Offerings (ICOs) as a fundraising mechanism, decentralized finance (DeFi) applications。

this generation also exposed limitations in blockchain scalability。

and non-fungible tokens (NFTs). However, as evidenced by network congestion and high transaction fees during periods of high demand. ,。

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