I talk to many friends outside the circle about Web3, and their most common complaints are 'It's too expensive, too slow, too complicated!'. This is indeed the biggest pain point in the industry. We discuss the grand narrative of decentralization every day, but users can't even get in the door, and everything is just talk.
But recently I experienced some new generation public chains, like Vanar, and it felt completely different. It felt like suddenly moving from dial-up internet to gigabit fiber. This kind of 'dimensionality reduction blow' in experience could completely change the gameplay of Web3.
🔴 A cross-dimensional experience comparison
1. Cost experience: From 'painful' to 'no sensation'
- Ethereum: $1 - $50+, you have to calculate the cost before every click.
- Mainstream L2: $0.1 - $1, much better, but still noticeable.
- Vanar: $0.0005, fixed price. So cheap that you can completely ignore its existence.
2. Speed experience: From 'waiting all day' to 'instant receipt'
- Ethereum: An average block time of 15 seconds, but you have to wait a few minutes for secure confirmation.
- Visa: An average of 3-5 seconds.
- Vanar: 3 seconds per block, nearly instant confirmation.
🟡 What does 'no sensation' payment mean?
This is by no means just about saving money; it unlocks business models that were previously impossible.
1. Micro-payment economy: In the past, you couldn't tip 0.1 yuan for an article on the chain, because the transaction fees were not enough. Now, you can. Pay 0.05 yuan in royalties for your favorite music, spend 1 yuan on a game item, these high-frequency, small-scale scenarios have been activated.
2. Explosion of high-frequency applications: Playing on-chain games, every attack and skill use is an on-chain interaction, no more worrying about Gas fees. DeFi quantitative strategies can execute every second, and IoT device data can be uploaded to the chain in real-time.
3. Completely say goodbye to 'Gas': Future applications can directly help you pay for Gas through 'account abstraction' technology. You only need to log in with an email or social account, and the experience is no different from a regular app.
🟢 Insights/risks that ordinary people can gain
- Inspiration: Focus on the 'cost inflection point' of infrastructure. The drop in 4G prices led to Douyin and Kuaishou. When the cost of using blockchain approaches zero, the 'Douyin moment' for Web3 may arrive.
- Risk: Cheap is just a prerequisite, it does not guarantee success. No matter how well a highway is built, there must be cars running on it. If no 'killer application' appears on Vanar for a long time, its value cannot be realized.
- Learning perspective: We can shift our focus from hype to application. Experience these new public chains' dApps and see which ones truly solve problems and which ones you find useful. User choice will ultimately determine the success or failure of an ecosystem.