New Fluence Labs Survey Reveals Users’ Lack of Understanding is the Biggest DApp Developer Challenge
Fluence, a decentralized data aggregator on January 29, 2019, released its “DApp Survey Results 2019“which shows that the biggest challenge for DApp developers that could retard the adoption rate of these blockchain-based apps is the lack of understanding on the part of the end users.
Ethereum is the King of DApps
According to Fluence, the term DApp (decentralized application) can be attributed to anything that uses a smart contract and is focused on the end user.
Some of these DApps are based on the Ethereum blockchain (87%), EOS (19%), and Tron (8%). Therefore, the team outlined that during their research, 1624 DApp projects were discovered.
However, only 900 of such projects have provided their social media accounts and among these, only 160 project developers underwent the team's survey. Based on the details of the survey, three-quarters of developers stated that new user onboarding was their biggest challenge and it could retard the adoption rate of these applications.
The respondents attributed this to the user's lack of understanding of certain procedures required to use cryptocurrencies.
Respondents Say DApps are Hard to Use
For instance, some of the Fluence respondents outlined that some people found it challenging to create wallets, sign into accounts, set up gas prices, and withdraw their coins from cryptoasset wallets and as such, these were some of the obstacles that prevented people from using DApps.
Specifically, DApps developers were quick to note that the complex nature of setting up an EOS wallet was also an obstacle.
Moreover, concepts like RAM and CPU usage time were advanced for less tech-savvy people to grasp with ease, said the report.
According to one of the respondents:
“If even creating the wallet is too much hassle for developers, how can we expect less tech-savvy users to adopt crypto with the current awful UX?”
What's more, surveyees also noted that they found it difficult to explain these terms to end users given that there are many fraudulent wallets out there, and a user could also permanently lose their funds if the password or private key is lost.
Furthermore, Fluence's survey revealed that a number of users do not understand cryptocurrency as a whole. An instance that was cited, is the surprise of some users that there is no “Restore my password” option when it comes to virtual currencies.
In line with that, some people are unable to differentiate between ERC20 tokens, cryptocurrency, and non-fungible tokens.
Asides the limited understanding of these end users, those surveyed also pointed out that the retrieval of data from blockchain can sometimes be a challenge given that real-time performance is often required.