Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

XRP -Price confirms Bullish reversing settings with this demand zone

2025-05-19

Cardano’s ICO era ‘Redemption Scandal’ re -diving – will it drag the Rally of Ada?

2025-05-19

Vitaminai and Blocx partner to stimulate security and productivity by bridging Web2 and Web3

2025-05-19
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Vitaminai and Blocx partner to stimulate security and productivity by bridging Web2 and Web3

    2025-05-19

    Sentismai integrates Kyberswap for seamless EVM -Kettingwaps

    2025-05-19

    Alchemie acquires Solana developer Dexterlab for unknown sum

    2025-05-19

    Interlink and Blazpay Partner to improve the user experience in Web3 with AI

    2025-05-19

    Filmmaker David Goyer bets on blockchain for the next sci-fi franchise

    2025-05-19
  • NFT

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16

    Founder wallet emptied while he leaves

    2025-05-15
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    XRP -Price confirms Bullish reversing settings with this demand zone

    2025-05-19

    Ethereum – price cannot break through – what does it stop?

    2025-05-19

    Dogecoin (Doge) is struggling to support profit while Meme Coin cools Mania

    2025-05-19

    Crypto analyst says that Bitcoin correction comes before the outbreak to the new all-time here is his prediction

    2025-05-19

    XRP – Price is struggling to keep the ground – breakdown or breathing break?

    2025-05-19
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Blockchain»Security issues and high transaction fees are the main barriers to mainstream Web3 adoption: report
Blockchain

Security issues and high transaction fees are the main barriers to mainstream Web3 adoption: report

2024-02-23No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Web3 is ripe for mainstream adoption, but there are still a few challenges that need to be addressed before the next billion users gain access to the next generation internet built on blockchain technology, according to a recent research report from Web3Auth.

As a growing number of people venture into this decentralized space, security concerns, high transaction fees, and usability issues are major obstacles.

The survey, which included more than 3,300 users, developers and decision makers around the world, found that almost half (48%) consider security risks to be the biggest barrier to mainstream adoption. Additionally, 29% of respondents cited high transaction fees as a major deterrent, a view shared by Ethereum co-founder Vitalik Buterin.

Other challenges include the inherent complexity of blockchain technology and private key management. Another 24% cited a lack of user-friendly interfaces, highlighting the need for intuitive design to improve the user experience.

Source: Web3Auth

Research into the role of UX in the adoption of Web3

The research report examined the role of UX in Web3 and how developers are shifting their strategy to engage Web2 users. The report cited examples of the largest NFT marketplace, OpenSea, which now offers the ability to sign up via email and passcode, virtually allowing users who don’t yet have a wallet to buy and sell on the marketplace without the hassle of setting up a cryptocurrency. wallet.

Likewise, popular Web3 gaming projects like SkyMavis’ Axie Infinity and Animoca Brands’ Mocaverse have started implementing email authentication and embedded wallet interfaces, making these decentralized apps feel more familiar to Web2 users.

See also  Ark and 21Shares to Make Spot Bitcoin ETF Reserves Public Via Chainlink Integration

Additionally, 79% of developers surveyed plan to implement mobile-responsive features, recognizing the importance of mobile-first user behavior.

Developing countries are more open to Web3 than developed countries

A large majority of the population, around 92%, is already aware of crypto, although only 24% are familiar with the concept of web3. The report noted:

“Attitudes towards cryptocurrency vary globally, with notable differences between wealthier countries in Europe and Asia, such as Japan and South Korea, and developing countries in Southeast Asia, South America and Africa. Wealthier countries tend to be skeptical of cryptocurrency, often associating it with negative concepts such as scams, money laundering and speculation. As a result, they adopt a cautious and reserved attitude towards its adoption.”

The majority of Web3 users access dApps on Android devices

68% of Web3 users access dApps from Android devices, while most applications are currently designed for computer screens. 79% of developers recognize this gap and plan to implement mobile-responsive features.

Despite a third of crypto usage taking place in gaming (1.2 million daily active wallets), a survey from the Game Developer Conference reported that more than 75% of game developers are not interested in blockchain.

Commenting on the report, Zhen Yu Yong, CEO of Web3Auth, emphasized the need for accessibility:

“When you build a city, the first step is to widen roads and build more highways. Likewise, I believe that once we make Web3 accessible and connect it to our existing digital lives, the floodgates of Web3 traffic will open to a mass audience. ”

Source link

See also  Blockchain companies are creating AI chatbots to help developers
Adoption barriers Fees high Issues main Mainstream report Security Transaction Web3
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Vitaminai and Blocx partner to stimulate security and productivity by bridging Web2 and Web3

2025-05-19

Trump administration to beat bank rules designed to prevent collapse in 2008 style: report

2025-05-19

Sentismai integrates Kyberswap for seamless EVM -Kettingwaps

2025-05-19

Alchemie acquires Solana developer Dexterlab for unknown sum

2025-05-19
Add A Comment

Comments are closed.

Top Posts

Immutable zkEVM opens doors to all developers with permissionless deployment

2024-10-20

Nigeria is ending years of restrictions on crypto transactions

2023-12-23

Bitcoin Trades at a Discount in Korea, Destroying Historic ‘Kimchi Premium’

2024-10-17
Editors Picks

Bitcoin Whale addresses hit a 15-month high

2024-01-20

Assessing the short -term prospects of Bitcoin, since Fed maintains the interest rates

2025-01-30

Bitcoin Price Surges Higher, But $43K Is Key to More Benefits

2023-12-15

Is an Ethereum Spot ETF Still Possible?

2024-05-09
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

XRP -Price confirms Bullish reversing settings with this demand zone

Cardano’s ICO era ‘Redemption Scandal’ re -diving – will it drag the Rally of Ada?

Vitaminai and Blocx partner to stimulate security and productivity by bridging Web2 and Web3

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$105,752.111.73%
  • ethereumEthereum(ETH)$2,527.056.11%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.391.36%
  • binancecoinBNB(BNB)$649.251.76%
  • solanaSolana(SOL)$167.380.96%
  • usd-coinUSDC(USDC)$1.000.02%
  • dogecoinDogecoin(DOGE)$0.2250551.98%
  • cardanoCardano(ADA)$0.742.40%
  • tronTRON(TRX)$0.265311-0.03%
  • suiSui(SUI)$3.811.74%
  • chainlinkChainlink(LINK)$15.834.84%
  • avalanche-2Avalanche(AVAX)$22.332.33%
  • hyperliquidHyperliquid(HYPE)$26.762.36%
  • stellarStellar(XLM)$0.2865801.16%
  • shiba-inuShiba Inu(SHIB)$0.0000152.18%
  • hedera-hashgraphHedera(HBAR)$0.1927662.06%
  • unus-sed-leoUNUS SED LEO(LEO)$8.70-0.34%
  • bitcoin-cashBitcoin Cash(BCH)$392.53-0.46%
  • the-open-networkToncoin(TON)$3.02-0.91%
  • litecoinLitecoin(LTC)$99.192.41%
  • polkadotPolkadot(DOT)$4.610.90%
  • moneroMonero(XMR)$343.341.20%
  • bitget-tokenBitget Token(BGB)$5.172.29%
  • pepePepe(PEPE)$0.0000133.98%
  • daiDai(DAI)$1.000.01%
  • piPi(PI)$0.731.05%
  • ethena-usdeEthena USDe(USDE)$1.00-0.02%
  • uniswapUniswap(UNI)$5.983.70%
  • aaveAave(AAVE)$240.949.50%
  • bittensorBittensor(TAO)$410.061.25%
  • nearNEAR Protocol(NEAR)$2.763.57%
  • aptosAptos(APT)$5.184.25%
  • okbOKB(OKB)$52.24-1.06%
  • ondo-financeOndo(ONDO)$0.932.91%
  • kaspaKaspa(KAS)$0.107559-0.17%
  • ethereum-classicEthereum Classic(ETC)$18.483.65%
  • internet-computerInternet Computer(ICP)$5.243.32%
  • gatechain-tokenGateToken(GT)$21.45-0.10%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.971.37%
  • crypto-com-chainCronos(CRO)$0.095906-0.62%
  • mantleMantle(MNT)$0.730.08%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2335321.42%
  • vechainVeChain(VET)$0.0280132.26%
  • render-tokenRender(RENDER)$4.583.53%
  • ethenaEthena(ENA)$0.3671480.85%
  • usd1World Liberty Financial USD(USD1)$1.00-0.02%
  • filecoinFilecoin(FIL)$2.883.99%
  • algorandAlgorand(ALGO)$0.2223263.29%
  • arbitrumArbitrum(ARB)$0.3911125.36%
  • bitcoinBitcoin(BTC)$105,752.111.73%
  • ethereumEthereum(ETH)$2,527.056.11%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.391.36%
  • binancecoinBNB(BNB)$649.251.76%
  • solanaSolana(SOL)$167.380.96%
  • usd-coinUSDC(USDC)$1.000.02%
  • dogecoinDogecoin(DOGE)$0.2250551.98%
  • cardanoCardano(ADA)$0.742.40%
  • tronTRON(TRX)$0.265311-0.03%
  • suiSui(SUI)$3.811.74%
  • chainlinkChainlink(LINK)$15.834.84%
  • avalanche-2Avalanche(AVAX)$22.332.33%
  • hyperliquidHyperliquid(HYPE)$26.762.36%
  • stellarStellar(XLM)$0.2865801.16%
  • shiba-inuShiba Inu(SHIB)$0.0000152.18%
  • hedera-hashgraphHedera(HBAR)$0.1927662.06%
  • unus-sed-leoUNUS SED LEO(LEO)$8.70-0.34%
  • bitcoin-cashBitcoin Cash(BCH)$392.53-0.46%
  • the-open-networkToncoin(TON)$3.02-0.91%
  • litecoinLitecoin(LTC)$99.192.41%
  • polkadotPolkadot(DOT)$4.610.90%
  • moneroMonero(XMR)$343.341.20%
  • bitget-tokenBitget Token(BGB)$5.172.29%
  • pepePepe(PEPE)$0.0000133.98%
  • daiDai(DAI)$1.000.01%
  • piPi(PI)$0.731.05%
  • ethena-usdeEthena USDe(USDE)$1.00-0.02%
  • uniswapUniswap(UNI)$5.983.70%
  • aaveAave(AAVE)$240.949.50%
  • bittensorBittensor(TAO)$410.061.25%
  • nearNEAR Protocol(NEAR)$2.763.57%
  • aptosAptos(APT)$5.184.25%
  • okbOKB(OKB)$52.24-1.06%
  • ondo-financeOndo(ONDO)$0.932.91%
  • kaspaKaspa(KAS)$0.107559-0.17%
  • ethereum-classicEthereum Classic(ETC)$18.483.65%
  • internet-computerInternet Computer(ICP)$5.243.32%
  • gatechain-tokenGateToken(GT)$21.45-0.10%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.971.37%
  • crypto-com-chainCronos(CRO)$0.095906-0.62%
  • mantleMantle(MNT)$0.730.08%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2335321.42%
  • vechainVeChain(VET)$0.0280132.26%
  • render-tokenRender(RENDER)$4.583.53%
  • ethenaEthena(ENA)$0.3671480.85%
  • usd1World Liberty Financial USD(USD1)$1.00-0.02%
  • filecoinFilecoin(FIL)$2.883.99%
  • algorandAlgorand(ALGO)$0.2223263.29%
  • arbitrumArbitrum(ARB)$0.3911125.36%