Cross-chain interoperability is key to seamless Web3 UX

8 Min Read
8 Min Read

Disclosure: The opinions and opinions expressed here belong to the authors solely and do not represent the views or opinions of the crypto.news editorial.

Web3 Revolution has promised a decentralized utopia where users control assets and data in an open, borderless digital economy. Instead, they built a maze of isolated networks. Each requires its own wallet, gas token, and operating rules. This industry-wide fragmentation can hinder innovation and prevent new users from adopting technology. Interoperability between chains is not just a technical improvement. This is the foundational layer of the mainstream future of Web3.

You might like it too: Builder warning: L2S leaks value, L1 app is smarter bet | Opinion

With multiple networks and a diverse need for wallets and tokens, the current fragmentation of Web3 is hindering adoption and contradicting the promise of a frictionless value exchange. However, recent initiatives such as Ethereum’s ERC-7930 and ERC-7828 standards, as well as the vision of “metablockchain,” proposed by the co-founder of Solana (SOL), promise a step towards ecosystem unification.

These and other advancements are committed to reducing complexity and costs, paving the way for a more seamless and interconnected user experience for newly improved Web3 generation.

Web3 is currently fragmented

The current multi-chain ecosystem is a usability nightmare. Users need to manage multiple wallets, remember different seed phrases, and navigate inconsistent interfaces to interact with basic services.

Defi enthusiasts may hold Bitcoin (BTC) in their hardware wallet. Trade Ethereum (ETH) tokens in MetaMasks and Cardano (ADA) assets via race wallets may stake. Each step requires manual bridging, fee calculations, and security review. This fragmented experience is not just an inconvenience. This is a systematic obstacle that contradicts the promise of a frictionless value exchange in blockchain.

See also  stabilityworldai integrates karatdao into Web3's distributed identity

The problem goes beyond individual workflows as wallets, distributed applications (DAPPS), and block spacecraft follow conflicting practices. Ethereum uses hexadecimal addresses, Bitcoin uses Base58, and the new blockchain adopts its own format. This inconsistency creates what Galaxy researchers call “asset fragmentation.” Here, the same tokens across the chain become inappropriate and confused users, diluting liquidity.

Without standardization, web3 would remain like the Tower of Babel. There, inter-chain communication is more similar to translation than transaction.

Transaction Fees: Silent Killer in UX

Cross-chain transactions impose hidden taxes through cumulative transaction fees. Users pay for transactions in the source chain, execution in the destination chain, and relay services. Using this structure can result in costs exceeding the value of the assets transferred if the user is not paying attention.

ERC-20 token swaps at Ethereum can incur more than $10 charges during busy spikes, but bridging between layer 2 networks adds more complexity. These costs are not just financial, but cognitive. New users will need to learn the dynamics of each chain’s committee, from Ethereum gas auctions to Solana’s fixed fees, and create a sharp learning curve to block recruitment.

Layer 2 solutions such as Arbitrum (ARB) and Optimism (OP) provide partial mitigation by reducing commissions by up to 95%, as stated by Solana co-founder Anatoly Yokovenko. For example, users who bridge USDC (USDC) from Arbitrum to Polygon will need to navigate a unique rollup architecture, completion times, and liquidity pool. This is a process of exchanging currency at borders rather than enjoying a seamless experience. True interoperability requires that you not only optimize these complexities, but you also abstract them.

See also  BNB chain monthly party volume records a record high of 33.29B: Are you pushing it?

Towards a frictionless cross-chain UX

The ultimate goal is not cross-chain transactions, but chain-independent transactions. Users need to access Defi pools, NFT markets and DAOS via integrated interfaces that abstract the underlying network. Imagine a wallet that automatically selects the cheapest chain for swaps, routes transactions on the best bridge, and consolidates transaction fees into a single Stablecoin payment.

This level of functionality requires new innovations such as Defai to fully demonstrate its potential. If interchain transactions are more integrated, the AI ​​agent could already be handling most transactions in distributed finance. But there’s still a long way to go to reach this point.

Moreover, true interoperability requires deeper integration. Smart contracts must run cross-chain without custom wrappers, while distributed identity (DID) and other DAPPs must be implanted without friction between ecosystems. Interoperability development should focus on this path and create a super wallet that will promote the use of Web3 as a whole.

Calling for joint innovation with safety as a pillar that cannot be negotiated

Interoperability should never undermine security. Cross-chain bridges remained the main target of the attack, with over $2 billion stolen in 2023 alone. Centralized validators and opaque code plague many solutions and betray the spirit of decentralized blockchains. The answer lies in new encryption tools such as zero knowledge proofs that validate cross-chain events without the need for trustworthy intermediaries.

The industry must adopt high security standards and ensure that interoperability protocols meet the underlying chain’s security guarantees. This requires formation of more collaborative initiatives, such as the decentralized trust of the Linux Foundation, led by Dr. Weijia Zhang, a pioneer in blockchain interoperability standards, and the EEA DLT interoperability specifications.

See also  One cross-chain cryptographic investigation involves over 10 blockchains, discovering an oval shape

Resolving the Web3 UX crisis requires collaboration across the ecosystem. Developers should prioritize interoperability of the base protocol, not as an afterthought. Standards agencies need to accelerate their initiatives, but users need to request interoperability from wallet and DAPP providers. Destroy the walls between chains or blame users for the future of digital border control and cognitive overload.

Interoperability between blockchains is a great unified person

The possibilities of blockchains rely on interconnects, as well as TCP/IP unified computer networks on the Internet. Interoperability protocols can weave isolated Web3 chains into a cohesive digital economy. For example, there is a technical blueprint from the ERC-7930 address format and the “metablockchain.” What is lacking is collective will.

As an industry, we must stop building isolated kingdoms and start laying railways between them. Only then can Web3 transcend its niche and deliver on the promise of an open, user-centric internet with a user-friendly experience. The choice is clear: interoperability or stagnation.

read more: Web3 is sovereign obsessed with convenience, but ignores convenience | Opinion

Temujin Louie

Temujin Louie Wanchain CEO is the longest-running blockchain interoperability solution. His blockchain journey began in 2012 as a graduate student in London’s economics and political science, where he studied the impact of Bitcoin on the power structure of his incumbent. Temujin is a subject expert in blockchain interoperability. He is committed to unifying all blockchains and promoting mainstream adoption of Web3 through universal interoperability standards.

Share This Article
Leave a comment