Blockchain technology has come a long way since the early days of Bitcoin dark web transactions. We now have specific blockchains for almost every single purpose and industry, and some of the world’s brightest innovators are entering the field. With all of this innovation, though, we’ve yet to see cryptocurrency hold a significant role in the day-to-day life of most people.
The reason? Poor usability. Blockchain technology brings an unmatched level of security and fund ownership. But because the space is still in its salad days, this usually comes at the expense of easy-to-use products. And, for most people, that trade-off isn’t worth it.
Let’s look at some of the biggest usability issues the industry is currently facing and how we may be able to solve them.
Keys, Seeds, and Even More Keys
There are a lot of complex strings you need to store in order to keep your cryptocurrency safe and sound. You’ve got:
public keys to receive funds and look up balances,
private keys to access funds and make transactions, and
recovery seeds as a form of back-up.
Oftentimes, you need your private key or recovery seed just to access your wallet. If you’re used to the classic username and password format of traditional online banking, these new criteria can be intimidating.
More details:
https://coincentral.com/solving-blockchains-biggest-usability-issues/by Steven Buchko
