Navigating the world of cryptocurrency is still a challenge, even after two years in the space. Every transaction requires a long, human-unreadable address, a gas fee set up on your own, and slow transaction speeds. When a transaction gets stuck, only the more experienced users know how to cancel it. Bridging one coin or token to another chain is often confusing. Approving MetaMask prompts without a thorough understanding of what they mean could lead to approving malicious smart contracts. Revoking smart contracts is another concept few people are aware of. Cold, hot, and paper wallets can be difficult to understand, and many people default to custodial wallets for their ease of use, even though self-custody is much safer. Knowing the difference between a coin and a token is another challenge, and with tokens often existing on multiple chains (such as USDT on ETH, TRON, and BSC), sending funds to friends and family can be complicated. On top of all that, cryptocurrency ticker names are often confusingly similar.
It’s no wonder that, with all of these challenges, cryptocurrency hasn’t seen mass adoption yet. After all, the internet was difficult to understand once too, but now even grandmas can surf the web. If crypto developers can make the technology easier to use, maybe even grandpas will be able to use it.