Home Blockchain The necessity of blockchain networks backed by individuals

The necessity of blockchain networks backed by individuals

by Abigail Bautista

Blockchain technology has revolutionized many industries by offering new possibilities in terms of user governance and digital interaction. With each iteration, blockchain evolves and adds new use cases, making it more functional. However, there are still significant barriers that prevent newcomers from becoming active participants in blockchain networks.

One major challenge is the technical requirements to run a node and become a validator in a blockchain network. This requires substantial technical know-how and expensive hardware investments, making it difficult for many individuals to participate. Additionally, running a full node often requires hosting the entire blockchain on a computer, which demands massive amounts of storage and top-notch internet connectivity.

Another challenge is the lack of user-friendly interfaces for blockchain applications. Most applications in the blockchain space are designed for utility rather than for users. This lack of simplicity raises the entry barrier for average users, further limiting the adoption of blockchain technology.

However, there is hope. Technological advancements have allowed for the development of better utilization of blockchain nodes. One example is Ethanos, which optimizes the full node by including only active accounts in the verification process. This downsizes the node, enabling it to be run on average computers or even smartphones. Over Protocol, a layer-1 blockchain network, utilizes this approach to provide lightweight and user-friendly full nodes.

Simplifying nodes is only part of the solution. The user interfaces for blockchain applications also need to be simplified. Crypto exchanges can serve as a model for designing user-friendly interfaces, as they attract more customers with accessible and clean screens. By designing node client applications with easy-to-use graphic user interfaces (GUIs), the blockchain ecosystem can drive the adoption of networks by individual users.

A user-centric blockchain ecosystem requires two key elements: lightweight full nodes that can be run on personal devices, and user-friendly interfaces that lower entry barriers. When advanced knowledge of operating systems and expensive hardware are no longer required, more individuals can feel empowered to run nodes and become validators. This increased participation will contribute to the decentralization of networks and drive the growth of the blockchain ecosystem.

In conclusion, the blockchain ecosystem needs to prioritize lowering the barriers for newcomers to participate. By creating lightweight nodes and designing user-friendly interfaces, blockchain technology can become more inclusive and drive further adoption. The advancements in technology and community feedback present opportunities for a more user-centric approach that will benefit the entire blockchain industry.

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