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The Consumer Crypto Stack
Oct 6, 2023
The consumer crypto stack enables 100x UX improvement in crypto apps. Topics discussed include passkeys, smart contract wallets, L2 solutions, and gasless interaction design. The challenges of self-custody and creating user-friendly experiences are explored. The capabilities and advantages of smart contract wallets, as well as Layer 2 solutions, are discussed. The use of on-chain actions and passkeys in WarpCast is also explored.
22:41
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Quick takeaways
- Consumer crypto apps should be application-first, seamlessly integrating wallets into the app itself, to improve user experience.
- Smart contract wallets, using the account abstraction model, offer improved user experience by providing modular authentication and transaction bundling.
Deep dives
The Consumer Crypto Stack: Unlocking 100x in User Experience
The consumer crypto stack aims to improve user experience by addressing several key challenges. First, the need for users to download separate wallets for each dApp they want to use is a major drawback. Consumer crypto apps should be application-first, seamlessly integrating wallets into the app itself. Additionally, the high cognitive overhead of understanding concepts like gas fees and token wrapping needs to be reduced. Mobile-first design is also critical, as most internet users are on mobile devices. One-click transactions and delaying KYC requirements further enhance the user experience. Lowering the cost of transactions is essential, with Layer 2 solutions offering cheaper alternatives. To achieve consumer-friendly crypto apps, it's crucial to maintain self-custody, prioritize application-centric design, and preserve the values of decentralization and trustless execution.
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Discover
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