As one of the entrepreneurs in the NFT and blockchain industry, I feel that there are three things that are hindering the expansion of the blockchain technology and its applications.
Jargons
There are so many new terminologies that I have to learn. Sometimes the meaning was straightforwad, but for some it took quite a lot of time and effort to understand what it is. For people in general, even the basic concept of blockchain itself could be hard to understand let alone words such as airdrop, altcoin, PoW, PoS, block, ledger, concensus mechanism, DAO, DApp, EIP, ERC, etc., etc., etc.
In addition, some of them do not even have a clear definition. For example, what exatcly does “decentralized” in Decentralized Apps? Does it have to store all or part of its data in the blockchain? Do token owners have to own part of the DApp or a voting right in its operation? Or as long as there is at least one thing related with the blockchain technology, can it be called DApp? Those jargons make new comers even more difficult to understand this new concept.
Complexity
This is similar to the problem of jargon, but a bit different in that most of the apps are complex at least for newbies. Most of us have the experience of beingn in panic because they thought they lost their asset. This is largely due to the complexity of using almost any apps related to blockchain. Simple as it might sound for those who are already in this industry, creating a metamask, understanding gas fee or adding a network to metamask all add to complexity.
Short-term perspective
So many projects implicitly or explicitly claim that their project will skyrocket within a few months or even weeks. However, good things take time. Not all good things take time but mostly they do. Whether you are an entrepreneur or not, we all need to keep in mind that a short-sighted decisions are dangerous.
Final Comment
I do not mean to criticize those who are devoting their life to innovate the world with the blockchian technology. I just wanted to point out some of our tasks that need to solved to expand blockchain technology in a somewhat grunting way. But the real purpose was to remind ourselves of our past when we were newbies. Some of the problems might be solved just as the time goes by, but we all need to cooperate while we compete to grow together.
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