A New Starting Point for the Large-Scale Adoption of Web3: An In-Depth Analysis of the XION Public Chain

The Web3 industry has always been considered to have enormous potential, but progress in user adoption has been slow. Currently, Web3 faces two major challenges in gaining mainstream acceptance: functional barriers and cultural barriers. The emerging Layer 1 public chain XION has emerged to address these two issues. Let’s delve into XION's vision and how it aims to drive Web3 towards large-scale adoption.

XION: A Layer 1 Network Focused on Simplifying the Complexity of Cryptocurrency

The developer of XION, Burnt, began their Web3 journey in March 2021 with a highly publicized artistic act. They transformed a physical artwork into an NFT with the aim of encouraging more artists to explore the NFT space. In the following year, Burnt focused on developing no-code products and early NFT standards for creators.

In this process, Burnt personally experienced the bottlenecks of NFT development and realized that the Web3 industry is difficult to achieve mass adoption due to its complexity. They believe that excluding ordinary users and making industry insiders feel superior should never be the end point of Web3.

Therefore, Burnt has built XION based on Cosmos technology, which is an L1 blockchain aimed at simplifying the complexities of cryptocurrency. XION is committed to providing 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 its widespread adoption by optimizing the functional and cultural aspects of Web3. By focusing on user experience, accessibility, and scalability, XION aims to create an ecosystem that supports developers and users, fully unleashing the potential of blockchain technology.

Thanks to the Inter-Blockchain Communication (IBC) protocol of Cosmos, XION and its ecosystem and applications can quickly integrate with other application chains and related applications. For example, XION can connect to the Secret Network for private user states, connect to the Injective chain and Osmosis chain to provide DeFi functionality, or link to fiat assets and non-Cosmos ecosystem assets through the Axelar chain and Noble. This "chain interconnectivity" capability allows XION to offer more features to users and create new application scenarios for developers on XION.

Major Obstacles Facing Web3 and XION's Solutions

Barrier One: Complex and Unfriendly Features

For new users of Web3, the initial use of applications may require up to 15 complex steps, taking several days. From selecting the right wallet to obtaining the necessary funds for transactions, this process leads to a user drop-off rate of up to 95%. With the emergence of new L1 blockchains, this issue has become even more serious and has created opportunities for scammers.

XION's solution:

1. Simplified entry process: Users can directly purchase on-chain products using credit/debit cards without going through traditional complex steps.

2. Gas-free transactions: Completely eliminates the barrier for new users to hold specific chain native tokens.

3. Abstract Wallet Complexity: Users only need to create an MPC wallet using their email, without the need to download plugins or remember mnemonic phrases.

4. Mobile Support: Ensure that users can access the XION ecosystem securely and conveniently on any device.

5. Pricing in USDC: All products built on XION are priced in USDC, allowing new users to understand prices in a familiar way.

Barrier 2: Cultural and Terminology Barriers

In addition to functional barriers, Web3 also faces cultural barriers. New users often feel lost when entering this field, confronted with unfamiliar terminology, a complex ecosystem, and a confusing user experience.

XION's Solution:

1. Abstract terms: Simplify or completely remove complex technical jargon, using more easily understandable words.

2. Enhance credibility: Establish user trust by collaborating with well-known companies in the Web2 and Web3 sectors.

3. Reduce user education requirements: By simplifying the infrastructure and user experience, the amount of content users need to learn has been greatly reduced.

Conclusion

To achieve the large-scale adoption of Web3, not only is a strong infrastructure needed, but also a user interaction experience layer that is intuitive and friendly. XION is expected to become a catalyst for the widespread adoption of Web3, driving not only technological advancement but also laying the groundwork for cultural transformation in Web3. By eliminating functional and cultural barriers, XION opens a new path for the future development of Web3.