Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Topic started by: waybesuricata on January 01, 2021, 08:33:50 PM
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The gulf between users and those who are designing cryptocurrency service platforms must be bridged before the masses will make the leap.
As Bitcoin’s (BTC) price continues to climb ever higher, more and more people are beginning to educate themselves on how they can enter the cryptocurrency market. However, the realities of cryptocurrency ownership (long complicated addresses, passphrases and security risks) all remain barriers to adoption for new users. Programmers and technologists generally assume a level of understanding and ability with tech innovations that the average person on the street simply is not equipped with.
A survey carried out by our team saw 75% of respondents say they found cryptocurrency transactions stressful and unnecessarily complicated. A majority (55%) said they had had trouble in the past sending cryptocurrency transactions, 18% had lost funds, and 6% had suffered a man-in-the-middle attack. These complexities have real and damaging consequences even among technologically savvy elites; one programmer I know lost tens of thousands of dollars because a QR-code had been corrupted and his savings were lost forever. Highly qualified engineers and developers have lost millions due to misplacing files, losing passphrases or simply miscopying a 34-character address.
Source and continuation of the article: https://cointelegraph.com/news/crypto-transactions-must-be-easier-that-s-it-that-s-the-headline
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Well, that's all true. No matter how we say on the forums that it is very easy to make transactions with cryptocurrency and anyone can do it, however, the results of a survey of people indicate the opposite. Even for computer technicians, working with cryptocurrency presents a certain difficulty. For people to massively use cryptocurrency as a means of payment, its use must be simplified and secured as much as possible. State stablecoins will soon appear in large quantities and I am sure the mechanism of their use will be very simple. It is to these criteria of technical use that the cryptocurrency must be brought.
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I agree that for many, making transfers is a bit of a challenge. But some cryptocurrency wallets have implemented the process of transferring cryptocurrency taking into account these difficulties and tried to make the process as simple as possible with prompts. Therefore, I think that gradually this process will become easier and more secure thanks to the introduction of different systems and tools.