5 Steps for Consumer Adoption of Blockchain

As the VP of the Blockchain Society chapter at Bothell, Deryck is focused on educating people on blockchain technology.

Gas should be calculated by the wallet and give the user choices such as slow transaction or fast transaction.

Consumers may accept fees when sending money, paying a few cents is small compared to the amount credit card companies charge on transactions.

There are options to make it simpler for users such as "Free" transactions.

Another option is to have developers of the dApp pay the transaction fees.

The user could then provide transaction data off-chain to the developer's server to send the transaction to the network.

While transaction fees may never be eliminated, reducing them to virtually free makes it more acceptable to users.

Consumers are not willing to wait a few minutes or even 30 seconds for their transaction to go through so dApps must be responsive and occur in seconds.

The five aforementioned items could help drive consumer adoption and fulfill the promise of blockchain technology.

With billions of dollars backing blockchain projects, money is not holding the space back, it's time to bring blockchain mainstream.