Web3 breaks ground with the convenience of a consumer-centric approach | Opinion
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Blockchain technology has delivered many advancements in the modern digital age, yet its actual practical utility is yet to be realized. The enthusiasm of early web3 adopters is both a blessing and a curse: competing for crypto-natives, developers often neglect usability for non-technical consumers. You might also like: Web3 needs to regress before we can progress in 2024 | Opinion From 2016 to 2022, the number of active crypto wallets increased from 5.7 million to 80 million—an impressive 14-fold growth. Daily transaction count, however, shows a much more modest picture—a mere 40% increase during 2017-2021. Academic research shows that 81% of respondents are interested in blockchain but find the effort needed to use it too excessive. According to another study by Pohang University of Science and Technology, an average ...