🤔What's holding Web3 back from mass adoption?
At the Bitcoin Renaissance event hosted by @babylonlabs_io during #KBW2024 in Korea, Prof. Yu Feng (@captain8299), co-founder & CEO of @nubit_org, discussed Web3's core challenge: the "last-mile problem" where user-friendly blockchain applications are lacking despite advanced infrastructure.
👉His solution is Nubit's Minichain One-stop Solution AKA Nubit's the Matrix, powered by Bitcoin.
💠Web3's Complexity
Web3's mass adoption remains elusive due to overwhelming complexity in choosing the right blockchain, data storage, and solutions like Nubit's Bitcoin-based data layer or Celestia, hindering progress and preventing Web3 from replicating Web2's success.
💠Web2's Success Model
Prof. Yu emphasized WeChat's model, which abstracts backend complexities, allowing developers to focus on application development.
He compared it to Web2's mass adoption, highlighting the seamless integration of system components.
Why can't Web3 an integrated system that simplifies blockchain interactions for developers?🤔
(WeChat DevTools)
💠Nubit's Solution
🔹Unified Wallet: Allows users to manage assets across multiple blockchains using one wallet, with easy login via social media.
🔹Minichains: Custom, app-specific blockchains that cater to individual application needs for performance and security.
🔹Universal Bridge & Nubit DA Layer: Facilitates communication between minichains and ensures data security and efficiency using Bitcoin's infrastructure.
(Nubit's Key Ingredients)
💠Current Progress of Nubit
🔹DeKit: This tool abstracts blockchain complexities, allowing developers familiar with Web2 to build Web3 applications without deep blockchain knowledge.
🔹Nubit offers Minichain-as-a-Service (MaaS), simplifying app deployment for developers.
Testnet achievements include 120,000 transactions and 30,000 daily active users on Telegram-based applications.
(Nubit The Matrix Structure)
💠Vision for Web3
Nubit's architecture aims to create a cohesive ecosystem for Web3 adoption, removing friction and allowing developers to focus on product development and user engagement, paving the way for future decentralized applications.
💠In Short
Nubit is constructing a comprehensive ecosystem to drive Web3 forward, preventing it from becoming merely a speculative space by focusing on real user value and application development.
🔹About Nubit
Using the security of Bitcoin, Nubit is a next-generation consumer network powered by Polychain that seeks to simplify the transition from Web2 to Web3 technologies.
🔗More information about Nubit 👇
📢Introducing Nubit's The Matrix
🎨Nubit Ongoing Mascot Design Contest! 🏀🏆
📢 Exciting Update for Nubit Alpha Testnet Phase 3 Cycle 1 🤩