One of the biggest problems associated with the crypto ecosystem is low adoption. Despite quite a tremendous growth rate since its inception, just about 300 million people out of a global population of over 7 billion are crypto regulars.
And, hence comes the all-important question. Which of the two main driving forces, Usability or accessibility, will speed up crypto adoption? By understanding each better, their strengths and weaknesses can be properly established. Only then can a better crypto adoption drive plan be drafted and implemented, quite possibly leaning more on one over the other.
Understanding the Usability of Crypto Projects
Usability refers to how easy it is to use a particular project or service. In essence, it explains how easy it is to onboard, use, and log out of the project. Usability is what brings convenience and efficiency to a project. It is quite different from use cases, which focus more on application. When talking about usability, the following subjects come to mind.
Onboarding
Creating an understandable onboarding process is probably the first step to ensuring many people join your project. If blockchain networks have complex onboarding systems, the usage will be low.
Unfortunately, the situation with the blockchain ecosystem currently makes the onboarding processes quite hard. Many projects have lengthy onboarding processes filled with heavy crypto jargon. However, to ensure even the most illiterate persons have freedom using crypto, developers must make creating accounts seamless, simple, and fast for anyone.
Platforms must have user-friendly interfaces which make purchasing, selling, and exchanging crypto assets easy. The industry needs to make it so easy that people across different economic systems like fiat get incentivized to join the industry.
Everyday Transactions
Streamlining everyday transactions comes in second as one of the features to discuss under usability. Blockchain projects should ensure they design their systems to perfection, so investors find them easy to use.
Simplifying the UI is a vital part of streamlining everyday transactions. The Exodus wallet developers are a good case point, creating an interface that is very navigable, more so for beginners.
Storage
Cryptocurrencies are stored in tools popularly known…
