Dash Core CEO: Cryptocurrency Facing a "Usability Crisis"
Julia Magas | Jan 23, 2021 09:57AM ET
Ryan Taylor, CEO of Dash Core Group, the main development group behind the Dash (survey in 2018, which revealed that a large number of users of cryptocurrencies were not fully certain that their transactions would be successful. Around 25% of those surveyed were certain that their transactions would be successful upon actuation. Another 17% experienced heightened levels of anxiety and stress in the course of transaction processing. The survey had also uncovered that 30% of users had sent digital currencies to other users for the purpose of making purchases within a period of a month. At the same time, 27% of users did not send any cryptocurrencies throughout a period of one year.
The Dash cryptocurrency is determined to increase levels of adoption by removing the aforementioned difficulties associated with cryptocurrency operations. Dash intends to address the issue by offering its users a smooth user experience that would include contact lists, avatar images, user names and other functions that would be extended to the cryptocurrency ecosystem at large. Mark Mason, Public Relations Manager for Dash, noted:
"In order for cryptocurrency adoption to go mainstream, we need to say bye to long scary cryptographic addresses, and say hello to usernames, profile pics and contact lists. Providing a pleasant user experience is the key requirement to achieve mass adoption. Dash is ready to go mainstream by making blockchain payments easy with decentralized usernames."
DashPay is expected to be the first decentralized application to be launched on Dash Platform supporting transactions via usernames. It allows users to conduct social payments among themselves with user name searches across networks along with profile images, extended personal bio descriptions and payment histories. The functions are offered in a decentralized format without third-party involvement to ensure user privacy and data confidentiality. The application is slated for public release on the Dash mainnet in the first half of 2021.
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