The article highlights how fees in the Web3 ecosystem create barriers and friction for users, hindering mass adoption. Users are required to hold a native token of a specific blockchain in order to interact onchain. While this may be manageable for seasoned crypto enthusiasts, it poses a challenge for new adopters. The article argues that in order to move beyond the early adopters phase and onboard the early majority, these barriers need to be eliminated. The author suggests a feeless model where developers delegate transaction capabilities to users, eliminating the need for tokens and fees. Various approaches, such as allocating network resources or alternative consensus mechanisms, could be used to achieve this. The ultimate goal is to create a user-friendly ecosystem that is intuitive and seamless like traditional internet applications.
- Content Editor ( blockworks.co )
- 2024-11-26
Unless Web3 changes, the ‘next billion users’ are never coming