Current Limitations

Despite the many benefits of Web3 in its current form, there are still many limitations that need to be addressed in order to allow this ecosystem to fully flourish.

Accessibility

Important features of Web3, such as logging in with Ethereum, are already available to use for free. However, the relative cost of transactions is still too high for many users. Web3 is less likely to be used in poorer developing countries due to high transaction fees. In Ethereum, these challenges are being addressed through network upgrades and layer-2 scaling solutions. The technology is ready, but we need higher levels of implementation at Layer 2 to make Web3 accessible to everyone.

Interaction with the user

The technical barrier to accessing Web3 is currently too high. Users must be aware of security issues, understand complex technical documentation and navigate complex interfaces. In particular, wallet providers are working on solving this problem, but better results are needed for the mass adoption of Web3.

Teaching

Web3 introduces new paradigms that require the study of other mental models than those used in Web2. A similar teaching procedure was necessary when Web1 gained popularity in the late 1990s: World Wide Web proponents used a variety of educational methods to educate the public, from simple metaphors (information traffic, browsers, Internet searches) to television broadcasts. The Web3 network is not complex, but it is different. Therefore, educational initiatives to teach Web2 users about Web3 paradigms are vital to its success.

Centralized infrastructure

The Web3 ecosystem is young and growing rapidly. As a result, it currently depends mostly on centralized infrastructure (GitHub, Twitter, Discord, etc.). Many Web3 companies are rushing to fill these gaps with decentralized alternatives, but building quality and reliable infrastructure takes time.