A New Starting Point for the Mass Adoption of Web3: The Vision and Innovation of the XION Public Chain

For a long time, the potential of Web3 has received much attention, but progress in user adoption has been slow. Currently, the mainstream world faces two major challenges in adopting Web3: functional barriers and cultural barriers. The emerging Layer 1 public chain XION was created to address these two issues. This article will delve into XION's vision and how it aims to drive large-scale adoption of Web3.

XION: An L1 network focused on simplifying the complexity of cryptocurrency.

The developer of XION, Burnt, has a unique experience in the Web3 field. In March 2021, they burned Banksy's artwork "Morons (White)" and transformed it into an NFT, aiming to explore the transfer of physical art value to digital assets. In the following year, Burnt focused on developing no-code products for creators, such as Burnt Finance and early NFT standards.

In this process, Burnt realized that NFTs and the entire Web3 industry are difficult to achieve mass adoption due to their complexity. "Keeping ordinary users at bay while making industry insiders feel superior" clearly should not be the endpoint of Web3.

Therefore, Burnt has built XION based on Cosmos, which is an L1 blockchain focused on simplifying the complexities of cryptocurrency. XION aims to provide a seamless user experience while retaining the core features of Web3—decentralization, transparency, and verifiable ownership, among others.

XION's goal is to promote the mass adoption of Web3 by optimizing its functional and cultural barriers. By focusing on user experience, accessibility, and scalability, XION is committed to creating an ecosystem that supports developers and users, thereby unlocking the full potential of blockchain technology.

In addition, the Inter-Blockchain Communication (IBC) protocol of Cosmos allows XION to quickly integrate with other application chains and their related applications. For example, XION can connect to the Secret network for private user states, connect to the Injective chain and Osmosis chain for DeFi functionalities, or access fiat assets and non-Cosmos ecosystem assets through the Axelar chain and Noble. This "chain interconnection" capability provides XION with more functionalities and creates new application scenarios for developers on its platform.

Challenges Facing Web3 and XION's Solutions

Barrier 1: Complex and Unfriendly Features

For new users, using Web3 applications for the first time may require up to 15 complex steps, taking several days. From selecting a wallet to obtaining funds for transactions, this process leads to a user attrition rate of up to 95%. With the emergence of new L1 blockchains, this issue has become even more severe, while also providing opportunities for scammers.

XION's solution:

1. Simplified Entry Process: Users can directly use credit/debit cards to purchase on-chain products, covering approximately 6 billion cardholders and providing a purchasing experience similar to Web2 e-commerce.

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

3. Abstract Wallet Complexity: New users can create an MPC wallet using just their email, without the need to download plugins or remember mnemonic phrases. At the same time, crypto-native users can still interact with XION using their preferred wallets.

4. Mobile Support: Ensure that users can securely access the XION ecosystem anytime and anywhere.

5. USDC Pricing: As the first blockchain to use USDC as its primary trading currency, XION allows new users to price goods in a familiar fiat currency format.

Barrier 2: Cultural and Terminology Barrier

For new users, the Web3 world is filled with unfamiliar terminology, complex ecosystems, and confusing user experiences. Moreover, the mainstream perception of cryptocurrencies has been affected by negative behaviors and scam news.

XION's Solution:

1. Simplified Terminology: Committed to simplifying or completely abstracting complex technical terms, using words that are easier to understand.

2. Enhance Credibility: Establish trust by collaborating with well-known companies in the Web2 and Web3 sectors, such as Animoca, Circle Ventures, Checkout.com, Stytch, and Stripe.

3. Reduce User Education Requirements: The infrastructure design of XION eliminates most complexities, significantly lowering the learning costs required for users to interact with the application.

Conclusion

To achieve large-scale adoption of Web3, it is necessary to create not only robust and practical infrastructure but also an intuitive and user-friendly layer of interaction experience. XION is expected to be a key force in driving the large-scale adoption of Web3, as it is committed not only to technological advancement but also to laying the foundation for cultural change in Web3. By addressing the functional and cultural barriers currently faced by Web3, XION is opening the doors of Web3 to a broader user base.