The easier the protocol is to use, the more users it will attract!
It has arguably never been easier to participate in the crypto ecosystem. After centralized exchange powerhouse Coinbase recently began allowing its users tointo the exchange in the form of crypto, more people are beginning to realize the potential of the industry and participate in this ever-growing ecosystem.
But, crypto is commonly perceived as fundamentally intricate or lacking the proper interfaces, and whether this is right or wrong, this has been the perception for some time. To some people, the premise of digital currencies will always seem far too complicated. More recently, however, there has been an emergence of easier avenues into the crypto space for those keen to learn more.
It’s important to establish just why people should consider getting into crypto. As with the rest of the world’s industries, digitalization is revolutionizing every facet of our lives. To be able to understand it early on will help more people to comprehend the benefits of this technology in the financial world and become accustomed to a future that will likely heavily feature digital currencies.
There are tools that not only help you learn about and purchase crypto but also applications that put those assets to work.is a relatively easy entry point into crypto: a form of high-interest returns on your deposits that were once perceived as an intricate feature within decentralized finance but has matured into a product that almost anyone can comprehend and quickly start earning on their portfolio.
Work needs to be done to keep crypto approachable and issues with accessibility, high gas fees and complex UX’s are preventing new users from reaching their full potential. But, more education is needed to help build the confidence of these new users to be able to use these products with conviction and not worry about losing the money that they may have invested into digital currencies.