New Opportunities for Mass Adoption of Web3: In-depth Analysis of the XION Public Chain

The Web3 industry has been seeking breakthrough development, but still faces many challenges in user adoption. Currently, the mainstream world's acceptance of Web3 is mainly hindered by two aspects: functional barriers and cultural cognitive barriers. The emerging L1 public chain XION has emerged to address these two major issues, paving the way for the widespread application of Web3.

XION: An L1 Network Simplifying Cryptocurrency Complexity

The development team of XION, Burnt, has a unique development history in the Web3 field. They initially explored the possibilities of digital art by converting Banksy's physical artworks into NFTs. In the subsequent development, the Burnt team deeply realized that the adoption bottleneck faced by the Web3 industry mainly stems from its inherent complexity.

To this end, Burnt has built XION, an L1 blockchain specifically designed to simplify cryptographic operations, based on the Cosmos ecosystem. XION aims to provide a frictionless user experience while retaining the core features of Web3, such as decentralization, transparency, and verifiable ownership.

The goal of XION is to promote the large-scale adoption of Web3 by optimizing the barriers in functionality and culture. By focusing on user experience, accessibility, and scalability, XION aims to create an ecosystem that supports both developers and users, fully unleashing the potential of blockchain technology.

Thanks to the Inter-Blockchain Communication (IBC) protocol of Cosmos, XION can quickly integrate with other application chains and their related applications. This "chain interoperability" feature allows XION to provide users with more functionalities and creates new application scenarios for developers.

Major Barriers to Web3 Adoption and XION's Solutions

1. Complexity of functions and unfriendly to new users

Traditional Web3 applications are extremely unfriendly to new users, often requiring complex steps and a long time to complete interactions. This complexity not only leads to a user attrition rate as high as 95%, but also provides a breeding ground for fraudulent activities.

XION provides a comprehensive solution to this problem:

• Simplified Entry Process: Users can purchase on-chain products directly using credit/debit cards without going through complex exchange operations.
• No Gas Fee Trading: Completely eliminates the barrier for new users to hold specific tokens in order to trade.
• Abstract Wallet Complexity: Users can create an MPC wallet using only their email, without the need to download plugins or memorize mnemonic phrases.
• Support mobile operations: Ensure that users can securely access the XION ecosystem anytime and anywhere.
• USDC Pricing: All products built on XION are priced in USDC, allowing new users to trade in a familiar fiat currency.

2. Cultural and Cognitive Impairments

In addition to technical barriers, Web3 also faces challenges in cultural understanding. New users are often troubled by unfamiliar terminology and complex ecosystems, while frequent scams further deepen the mainstream society's negative perception of cryptocurrency.

XION takes the following measures to address these issues:

• Simplified Terminology: Committed to using simple and understandable words instead of complex technical terms.
• Enhance Credibility: Establish strategic partnerships with well-known companies in the Web2 and Web3 fields to increase user trust.
• Lower Learning Barrier: By simplifying the operation process, the amount of content users need to learn has been greatly reduced.

Looking to the Future

To achieve the widespread adoption of Web3, strong infrastructure is not only required, but also an optimized user interaction experience that reaches the intuitiveness and friendliness of Web2 platforms.

XION is expected to become a key force in promoting the widespread adoption of Web3. It is not only committed to technological innovation but also aims to lead a "Web3 cultural revolution" to lay a solid foundation for the popularization of blockchain technology.