There is a need for a psychological shift in crypto design to achieve true democratization.
Opinion by: Cheng Wang, chief financial officer of Overclock Labs
There is a significantly important barrier to mainstream adoption often being overlooked: a lack of clarity of use and self-imposed complexity problems. Clinging to jargon and technical obfuscation leads to missed opportunities to onboard the next billion users, even as the technology matures and offers real-world applications that deliver on the early promise and vision for crypto.
This is a sticky paradox: As decentralization and financial inclusion are promoted, technical barriers centralize participation to a small group of tech-savvy users and institutional players. Decentralized finance (DeFi) protocols, despite their potential to change finance, remain largely inaccessible to mainstream users who struggle to understand their interfaces and technical prerequisites.
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