Survey: Technical complexity remains a major barrier to the widespread adoption of cryptocurrency

ChainCatcher news, according to Cointelegraph, despite the growing popularity of cryptocurrencies and blockchain, the complexity of the technology may make it difficult for the average user to understand, thereby hindering more people from entering the field.

According to a survey conducted by the Australian cryptocurrency exchange Swyftx in August, 43% of the 2,229 respondents indicated that they had not used the technology because they were unsure how it works. Industry experts generally believe that the sector should focus on simplifying educational resources and user interfaces to attract more average users. In addition to technological complexity, factors such as asset storage security and regulatory uncertainty also pose barriers to widespread adoption.

Experts suggest that the crypto industry should strive to make the technology easier to understand and use while maintaining its innovative essence, such as simplifying complex concepts, providing user-friendly interfaces, and offering comprehensive educational resources.