Ledger's Ian Rogers focuses on the importance of users safeguarding their private keys. The industry grapples with the dichotomy between achieving self-custody and compromising on security for widespread adoption. In navigating this delicate balance between usability and security, Ian advocates for a trajectory toward genuine online sovereignty, making the case that, "without decentralization, we cannot have security."
WalletConnect’s Derek Rein highlights the pressing need to fortify the crypto ecosystem against scams and enhance overall user security, suggesting key innovations like scam list adoption, message, and transaction simulation, session key implementation, and streamlined account management."Today, setting up crypto accounts requires safely storing seed phrases and account recovery is complex. Going forward, I think setting these profiles up will be easy and fun."
Lifting the fog
Aside from helping paint a more vivid picture of current crypto consumers and their habits, this report also unearths the evolving nature of crypto engagement itself based on consumer expectations. As web3 builders, we believe this perspective has been lacking for too long and that’s why we wanted to make consumer insights more widespread by launching The WalletConnect Pulse.
We are thrilled to see enthusiasm and optimism within the crypto community again, and hope to help bridge the gap between potential and adoption through data and a better understanding of who we are building for.
Still yet to read the full report? Download it for free here.