Widespread adoption of Web3 may eventually become a reality, but Trust Wallet CEO Eowyn Chen foresees three main barriers standing in the way of mass adoption.
During the Australian Crypto Convention on Sunday, Chen outlined how security, ease of use, identity and privacy were all vital aspects to address for growth in the Web3 industry.
Chen is the CEO of Trust Wallet, a major multichain noncustodial crypto wallet acquired by Binance two years ago. She was speaking in a keynote presentation that was attended by Cointelegraph reporters on the ground in Queensland, Australia.
On the security front, Chen says protections should be in place to warn users “if a smart contract has potential issues,” such as a connection to a known scammer.
At the moment she explains “people who truly want to get confidence to navigate this smart contract,” have to read the code and check for any red flags before proceeding.
Eventually, she envisions users won’t have to read the code of smart contracts at all, making them more accessible for everyone, stating:
Continue reading: https://cointelegraph.com/news/3-barriers-preventing-web3-mass-adoption-trust-wallet-ceo
During the Australian Crypto Convention on Sunday, Chen outlined how security, ease of use, identity and privacy were all vital aspects to address for growth in the Web3 industry.
Chen is the CEO of Trust Wallet, a major multichain noncustodial crypto wallet acquired by Binance two years ago. She was speaking in a keynote presentation that was attended by Cointelegraph reporters on the ground in Queensland, Australia.
On the security front, Chen says protections should be in place to warn users “if a smart contract has potential issues,” such as a connection to a known scammer.
At the moment she explains “people who truly want to get confidence to navigate this smart contract,” have to read the code and check for any red flags before proceeding.
Eventually, she envisions users won’t have to read the code of smart contracts at all, making them more accessible for everyone, stating:
Continue reading: https://cointelegraph.com/news/3-barriers-preventing-web3-mass-adoption-trust-wallet-ceo
