Security and interoperability, the challenges ahead of Web3 mass adoption
Analysts forecast a market size of $81.5 billion for Web3 by 2030, but the growth comes with obstacles along the way. By 2030, Web3 is expected to reach a market size of $81.5 billion, according to Emergen Research, but the industry still has challenges to overcome, including security and interoperability, said players interviewed by Cointelegraph.Interoperability, in short, provides communication between blockchains, aiming to offer a similar experience to users as Web2, hiding infrastructure complexity away and ensuring they don't have to know what solution is powering the mobile app....
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User experience (UX) design affects nearly every waking moment of our lives. It’s not just digital either. Have you ever thought about the UX of doors? Perhaps a brief refresher of what UX is, will help. A useful definition of UX is as follows: ”A person’s perception and responses that result from the use or anticipated use of a product, system or service” (from The International Organization for Standardization). The following opinion editorial was written by Bitcoin.com’s head of product experience Alex Knight. Back to doors. We’ve all experienced a door that didn’t open the way it....
Samsung’s Knox Matrix uses blockchain technology backing to increase security for all personal smart devices of a user connected to the network. Tech giant Samsung announced it will utilize blockchain technology to upgrade security protocols for all of its smart devices.Knox Matrix is its new blockchain-based security solution for “cross-device experiences.” This means the security layer covers all Samsung devices, from smartphones to home appliances, within the network.Samsung says Knox Matrix will work as an individual's “own private blockchain system,” with all of one’s interconnected....
Trust Wallet CEO says the current bear market could provide an opportunity for the Web3 industry to address consumer concerns before the next bull market. Widespread adoption of Web3 mayeventually become a reality but Trust Wallet CEO Eowyn Chen foresees three main barriers standing in the way of mass adoption.During the Australian Crypto Convention on Sept. 18, Chen outlined how security, ease of use, identity, and privacy were all vital aspects to address for growth in the Web3 industry. Chen is the CEO of Trust Wallet, a major multi-chain, non-custodial crypto wallet acquired by Binance....
The protocol promises to eliminate complexities seen with existing interoperability solutions and requires no bridges or oracles to integrate. Layer-1 blockchain platform Wire Network announced the launch of its blockchain interoperability protocol called Universal Polymorphic Address Protocol (UPAP).In the Web3 ecosystem, which is comparatively nascent to the larger crypto market, the primary interaction occurs over digital goods and NFTs. However, the growing number of Web3 platforms lack interoperability which could be a huge roadblock to a seamless Web3 experience. Wire Network aims to....
The Lens Protocol and Laguna Games launched a new gaming ID, which connects users across multiple games. Nonfungible token (NFT) gaming is getting a facelift. A new collaboration between Laguna Games, a Web3 research and development entertainment developer, and Lens Protocol allows players to connect across multiple gaming experiences.These new decentralized gaming IDs will allow players to connect their profiles across Crypto Unicorn’s web and mobile NFT gaming platforms.The Lens integration is a binder that takes profiles on its network and connects them with the avatar system behind....