As the world moves towards a multi-chain reality, user-friendly interfaces are becoming standard across all networks, not just Ethereum.
The learning curve in blockchain and related topics is very steep. Yet even those who are familiar with blockchain terminology need help performing basic functions such as storing, trading, and transacting crypto assets, and they use non-financial tokens (NFTs) for any of their intended use cases other than digital collectibles. Thus, the unfortunate truth is that while networks like Ethereum have various benefits across payments, data storage, and decentralized finance (DeFi) use cases, mass adoption still faces challenges as few people know how to interact with blockchain technology.
Lack of adoption does not mean that blockchain and crypto have no future. Instead, people should realize that a consumer-centric experience is needed to prove the usefulness of a new technology like blockchain. Consider the comparison between blockchain and the Internet. When the Internet was first introduced, few understood how its existence could benefit them. It wasn’t until the Internet was widely used that website builder platforms became popular as an easy-to-use solution to help businesses and personal users build their online presence.
Realizing that the biggest barrier to blockchain adoption is usability, MyEtherWallet (MEW) aims to create a free client-side interface to help users interact with the Ethereum blockchain. The resulting easy-to-use, open-source platform now includes an expanded suite of products that allow users to access the various functionalities offered by Ethereum. Together, the platform includes a web platform, mobile app, Chrome extension (Enkrypt), blockchain explorer, and educational resources for both new and experienced users.
After initial success as a gateway to the Ethereum blockchain, MEW has announced the launch of a new Web3 decentralized application (DApp) called MyDotWallet. With MyDotWallet, users will be able to access advanced storage and transfer functionality, among other routines in the Polkadot/DotSama ecosystem.
From the beginning
From the very beginning, MEW has worked in the Ethereum space to make interacting with Ethereum a more intimate and intuitive experience. Since then, MEW has allowed users to manage any token on Ethereum from MEW, interact with any smart contract on Ethereum, or buy Ethereum with a credit card through platform providers. However, as the world moves toward a multi-threaded reality, the open source platform has made it a priority to continue supporting its users through this transition.
MEW has already included a multi-chain wallet extension called Enkrypt to allow users to access the most used DApps on the Ethereum and Polkadot chains, as well as buy cryptocurrencies, exchange tokens and manage their NFTs on both networks.
Kosala Himachandra, CEO and Founder of MEW shares:
“We are excited that MyDotWallet will be a sequel to MEW, embracing the multi-chain future that we started with Enkrypt. It is extremely important for users to be able to explore and interact with different blockchains and the features that make them unique. This cross-pollination of ecosystems will make The industry is stronger as we remove the silo and allow users to explore like never before.”
More about MYDOWALLET here
With this release, users can take advantage of the multi-chain interoperability protocol, which some experts see as a successor to Ethereum, given the number of active developments on the platform.
MEW’s previous suite of products, which includes this DApp and the Enkrypt Web3 wallet, is a testament to the platform’s focus on the emerging multi-chain landscape and commitment to creating secure, unguarded crypto solutions with easy-to-navigate interfaces for beginners.
Going forward, MEW is in a strong position to continue adding new features to support users with mass blockchain adoption.
Materials are provided in partnership with MyDotWallet