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What are the key challenges and opportunities in the adoption of Web3 technologies for mainstream users?
1. User Experience (UX) Complexity – Many Web3 applications require knowledge of crypto wallets, private keys, and gas fees, making them difficult for non-technical users. 2. Scalability and Speed – Blockchains like Ethereum struggle with transaction speed and high fees, although solutions like Layer 2 networks are improving this. 3. Regulatory Uncertainty – Governments worldwide are still figuring out how to regulate Web3, which creates uncertainty for businesses and users. 4. Security and Fraud Risks – Decentralized systems are vulnerable to hacks, scams, and lost private keys, leading to irreversible losses. 5. Interoperability – Many blockchains operate in silos, making it difficult for different Web3 applications to communicate with each other.
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