BloX - Blockchain Based Cryptocurrency Wallet for Web 3.0

Abstract

Web3 (also known as Web 3.0) is an idea for a new iteration of the World Wide Web which incorporates concepts such as decentralization, blockchain technologies, and token-based economics. Web3 enables tokenized economic interactions without intermediaries which means transactions in Web3 that are between two or more parties, does not require a middleman which improves privacy, autonomy and control of data. Cryptocurrencies are a form of token-based economics and is a huge part of web3, thus users need a place to store their cryptocurrencies. Addressing these concerns, this project aims to develop a Web 3.0 ready website where users can send and receive cryptocurrency called BloX. Analysis on respondents shows which factors are important to the usability of a wallet which were then implemented in the prototype system. The system went through a series of testing and passed the user acceptance test from 5 users which confirmed that all of the objectives of the research have been fulfilled.