搜索
首页web3.0The complexity of crypto and blockchain tech might be making it hard for average users to understand

Despite the growing popularity of cryptocurrencies and blockchain, the complexity of the technology might be making it hard for average users to understand

The complexity of crypto and blockchain tech might be making it hard for average users to understand

Despite cryptocurrencies and blockchain gaining popularity, the average person might find the technology too complex to understand, which adds a barrier to more people entering the space.

According to an August survey conducted by Australian crypto exchange Swyftx, 43% of 2,229 respondents said they hadn’t used the tech because they were unsure how it works.

Similar data from the 2023 Crypto Literacy Survey found that at least 28% of 3,000 respondents worldwide shared the same sentiment.

In 2023, the United Kingdom’s Finacial Conduct Authority (FCA) published a research note that found that at least 30% of 2,337 respondents listed a lack of understanding as a reason for not entering the space.

Lance Morginn, president of analytics and marketplace risk management firm Blockchain Intelligence Group, told Cointelegraph the crypto market “can scare people away with the plethora of unfamiliar terms.”

“On first impressions, it can appear too technical and irrelevant to traditional money. Words such as blockchain, tokens and technology can lead to a sense of intimidation, discouraging people from checking crypto out,” he said.

In its fifth annual Global Crypto Adoption Index report, blockchain intelligence firm Chainalysis stated that the launch of spot Bitcoin BTC $62,920 exchange-traded funds (ETF) in the United States in January was the root cause of a massive spike in crypto use throughout the year. Investors can now purchase and sell some types of ETF shares at market prices on stock exchanges without a high level of technical knowledge.

BTC

$62,920

Related: How ETFs are reshaping the crypto markets

According to Morginn, the industry should aim to coax users in with a focus on the easier aspects of crypto, rather than trying to wow them with jargon.

“The cryptocurrency industry must create simplified educational resources and user-friendly platforms to help the average user warm up to cryptocurrencies,” he said.

“As the industry addresses the complexity concerns head-on, cryptocurrencies and digital assets will reach a wider audience, encouraging more partnerships between financial institutions, service providers, and more users to have cryptocurrency holdings.”

No expertise with hardware can be a roadblock as well

Aside from not understanding how crypto and blockchain tech work, another barrier can be a lack of understanding around some of the hardware involved, such as how to safely store individual assets like Ether ETH $2,535 .

ETH

$2,535

Kadan Stadelmann, a blockchain developer, operations security expert, and Komodo Platform’s chief technology officer, told Cointelegraph that storage can be a minefield for some users.

“The industry could always use more education, especially free technical information for the unbanked,” he said.

According to Stadelmann, added technical complexity could also make “things less secure rather than more secure” because systems that are too complex for users risk making mistakes and losing their coins.

Related: Is onboarding too hard? Crypto adoption still faces major obstacles

“The lion’s share of digital asset holders do not have the tech expertise to employ highly complex storage strategies,” he said.

“A big risk of loss is storing your Bitcoin in too technical of a manner. Each individual must determine what is practical and secure,” Stadelmann added.

Chainalysis estimated that 17% to 23% of the overall Bitcoin supply might be lost through private key compromises, people using the wrong network to send, damaged wallets and more.

Edit caption here or remove text

Cryptocurrency can appear complex to the average person, often due to its association with advanced technology and sometimes complicated user interfaces, Alicia Kao, Managing director at crypto exchange KuCoin told Cointelegraph.

However, she says the industry is actively working toward a remedy for the issue, with a shift in focus from just catering to traders, and trying to reach the general population as well.

Magazine: Bitcoin ETFs may face hacker threats, Ellison seeks no prison time, and more: Hodler’s Digest, Sept. 8 – 14

“The key is to strike a balance - maintaining the innovative essence of cryptocurrency while making it more approachable,” Kao said.

While she says it’s an ongoing process, she thinks it’s crucial for the “widespread adoption and success of this revolutionary technology.”

Phillip Lord, president of crypto tap payment app Oobit, believes many people do view crypto as too complex, which has created roadblocks to mass adoption.

“For the average user, the intricate jargon, the need to grasp unfamiliar concepts like wallets, keys, and decentralized networks, and the fear of losing assets due to use error creates significant friction,” he told Cointelegraph.

A Feb. 22 survey report from key management network Web3Auth, which had 3,37

以上是The complexity of crypto and blockchain tech might be making it hard for average users to understand的详细内容。更多信息请关注PHP中文网其他相关文章!

声明
本文内容由网友自发贡献,版权归原作者所有,本站不承担相应法律责任。如您发现有涉嫌抄袭侵权的内容,请联系admin@php.cn
Pi Node教学:什么是Pi节点?如何安装和设定Pi Node?Pi Node教学:什么是Pi节点?如何安装和设定Pi Node?Mar 05, 2025 pm 05:57 PM

PiNetwork节点详解及安装指南本文将详细介绍PiNetwork生态系统中的关键角色——Pi节点,并提供安装和配置的完整步骤。Pi节点在PiNetwork区块链测试网推出后,成为众多先锋积极参与测试的重要环节,为即将到来的主网发布做准备。如果您还不了解PiNetwork,请参考Pi币是什么?上市价格多少?Pi用途、挖矿及安全性分析。什么是PiNetwork?PiNetwork项目始于2019年,拥有其专属加密货币Pi币。该项目旨在创建一个人人可参与

全球十大虚拟数字币app平台 2025排名前十的虚拟货币交易平台全球十大虚拟数字币app平台 2025排名前十的虚拟货币交易平台Mar 05, 2025 pm 08:00 PM

随着虚拟货币行业的蓬勃发展,全球范围内的虚拟数字货币交易平台也愈发壮大。本文重点关注 2025 年全球十大虚拟数字货币 App 平台,包括币安、OKX、Gate.io、Kraken、Gemini、FTX、Bybit、KuCoin、火币和 Coinbase。这些平台以其先进的功能、广泛的交易对、低费用和稳定的表现而著称,为用户提供了广泛的虚拟货币交易选择。

比特币[BTC]在2月的最后一周失去了92,000美元的支持水平后处于下降趋势比特币[BTC]在2月的最后一周失去了92,000美元的支持水平后处于下降趋势Mar 16, 2025 am 10:10 AM

诸如OVER之类的技术指标表明,销售压力已占主导地位,这意味着可能会有更多的损失。

各家ETF发行商竞相申请Solana ETF!但贝莱德为何仍缺席?各家ETF发行商竞相申请Solana ETF!但贝莱德为何仍缺席?Mar 03, 2025 pm 06:33 PM

多家ETF发行商争相申请SolanaETF,但贝莱德却按兵不动?本文将解读这一现象。SolanaETF申请热潮美国证券交易委员会(SEC)已受理多家机构提交的SolanaETF申请,包括Bitwise、21Shares、VanEck、CanaryCapital和灰度。彭博预测,Solana现货ETF在年底前获批的概率高达70%,这与川普政府对加密货币的友好态度密切相关。富兰克林的“FranklinSolanaTrust”的成立也暗示着其可能加入SolanaETF的申请行列。然而,Sol

一文读懂Sui上MEV的现状与未来一文读懂Sui上MEV的现状与未来Mar 04, 2025 pm 05:06 PM

Sui区块链的MEV(最大可提取价值)策略及未来展望MEV已成为区块链领域的核心议题,它关乎交易排序和套利机会。Sui致力于通过Sui改进提案(SIP)和其他机制来引导MEV的发展,确保透明度、交易安全、网络健康以及参与者奖励。除现有机制外,Sui还计划引入更多机制,以确保其核心原则能有效指导Sui上MEV的演变。设计原则与考量Sui的每笔交易都蕴含着潜在的利润机会。Sui的MEV生态系统由以下机制构成:MEV交易提交机制MEV机会发布机制MEV

Qubetics($ TICS):革命性的AI加密Qubetics($ TICS):革命性的AI加密Mar 23, 2025 am 10:08 AM

加密货币一直是技术的最前沿符合大胆的野心的领域,并且将来只会变得更加令人兴奋。随着人工智能的影响力不断增长,有少数数字资产

PI 价格预测:PI 币能涨到多高?PI 价格预测:PI 币能涨到多高?Mar 03, 2025 pm 07:27 PM

PiNetwork(PI)自主网启动以来,持续吸引加密货币社区关注。与比特币(BTC)、以太坊(ETH)和Solana(SOL)等主流加密货币近期表现低迷形成对比,PI价格却逆势上涨。PI加密货币:币安上市或成价格飙升催化剂PINetwork(PI)价格上涨势头强劲PI目前价格为1.6750美元,远高于之前的0.6020美元低点。交易活跃度和投资者兴趣持续增长,PI未来价格走势成为市场关注焦点。PI市场表现:强劲反弹与关键阻力位PI主网启动初期曾一度

十大免费虚拟币交易所排名 虚拟币APP交易平台最新排行前十名十大免费虚拟币交易所排名 虚拟币APP交易平台最新排行前十名Mar 11, 2025 am 10:18 AM

十大免费虚拟币交易所排名依次为:1. OKX;2. Binance;3. Gate.io;4. Huobi Global;5. Kraken;6. Coinbase;7. KuCoin;8. Crypto.com;9. MEXC Global;10. Bitfinex。这些平台各有优势。

热AI工具

Undresser.AI Undress

Undresser.AI Undress

人工智能驱动的应用程序,用于创建逼真的裸体照片

AI Clothes Remover

AI Clothes Remover

用于从照片中去除衣服的在线人工智能工具。

Undress AI Tool

Undress AI Tool

免费脱衣服图片

Clothoff.io

Clothoff.io

AI脱衣机

AI Hentai Generator

AI Hentai Generator

免费生成ai无尽的。

热门文章

R.E.P.O.能量晶体解释及其做什么(黄色晶体)
2 周前By尊渡假赌尊渡假赌尊渡假赌
仓库:如何复兴队友
1 个月前By尊渡假赌尊渡假赌尊渡假赌
Hello Kitty Island冒险:如何获得巨型种子
4 周前By尊渡假赌尊渡假赌尊渡假赌

热工具

Dreamweaver Mac版

Dreamweaver Mac版

视觉化网页开发工具

SublimeText3 Linux新版

SublimeText3 Linux新版

SublimeText3 Linux最新版

SublimeText3汉化版

SublimeText3汉化版

中文版,非常好用

SublimeText3 英文版

SublimeText3 英文版

推荐:为Win版本,支持代码提示!

ZendStudio 13.5.1 Mac

ZendStudio 13.5.1 Mac

功能强大的PHP集成开发环境