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Nimbus - An extension to turn boring addresses into useful info

Nimbus - A skill of a hero in Dota 2 game - Creates a storm cloud anywhere on the map that automatically casts Lightning Bolt on nearby enemies. — Nimbus - A skill of a hero in Dota 2 game - Creates a storm cloud anywhere on the map that automatically casts `Lightning Bolt` on nearby enemies.

Why should you read this?

To have a view on problems in the crypto space

How I build my new product

Blockchain is... too much for mass users

0x8980dbbe60d92b53b08ff95ea1aaaabb7f665bcb

0x1A4b46696b2bB4794Eb3D4c26f1c55F9170fa4C5

0x722dacf8e8420bfc6bc0667b30b3f0bf5e2561679efcf7b886e57b1992302c10

Do you know what the above things are? For those who have some experience with crypto, they might say it is a hex string representing someone's address, maybe a contract address, maybe a transaction hash, or... just a random string starting with 0x. For those who never used any blockchain, they would say... IDK, 😵‍💫 WTF is this? And even if you know exactly it is a user address, a contract address, and the last one is a transaction hash, how can you get exactly what information hide inside it?

And if the more you explore the Blockchain, Consensus, Defi, Parachain, Token, DAO, Gamefi, metaverse,... the more you know that it is hard to swallow.

I love Crypto but it is too complicated

https://www.reddit.com/r/CryptoCurrency/comments/rxxz8y/i_love_crypto_but_it_is_too_complicated/

The mass adoption won't happen until "Apple" of crypto comes along.

It's pretty simple really. To get mass adoption to the levels we want, we need an iPhone style event into the market, by some massive and already well-established company. Sure LG and other companies made touch screen phones before Apple did, but Apple did it better and they made it much more simple to use.

https://www.reddit.com/r/CryptoCurrency/comments/s2eh5i/the_mass_adoption_wont_happen_until_apple_of/

Why are so many things complicated?

Electric is not a complicated thing, you buy an electric device, plug the socket and then enjoy the result. Internet is not that complicated, get access to a wifi network, register a Facebook account then you can connect to people around the world. Yeah, it is actually a very basic thing in life nowadays, you just use electricity or the internet without having to know most of the things inside it.

Blockchain or cryptocurrency is heavily based on technical fundamentals and for that reason, it is hard to know for non-tech users. And we are living in a really early stage on the blockchain, the usability might be something expensive to get at the moment.

From Coinbase report, compared to the Internet, we're currently in 1998 on crypto space

1998 means I was 2 years old and my hometown still didn’t have any electricity

For the reasons I write about, it comes to a problem that at the current stage, blockchain is... too much for mass users out there. You need to have some mental modal about technical and finance to know which is blockchain and how to use it and still calm when paying about 100$ on a transaction.

🌩️ Nimbus - an extension to solve some basic usability issues

Wallet address, transaction hash, tokens are a basic lego to build-up blockchain ecosystem now a day but they come with their own problems

It’s meaningless...for most of the users. If I want to send money to my friend, I would rather look for their phone number in the contract. If I want to send messages to my friends, I would rather search for their names in my email app or in Facebook. Naming is something in our brain to identifies objects and distinguishes them. However a 42 character length starting with 0x is something overwhelming for our brand, you can’t even remember your own name in the crypto space.

What information underlying those addresses? Some transaction history, some native token, some valuable token, NFT,... awesome, but how to read that information? Basically, you need to search for a tool to extract that info, and I can guarantee that 95% of the result will bring you to https://etherscan.com if you’re using the Etherium network or https://bscscan.com/ if you’re using Binance Smart Chain network. However, those pages if provide data for... technical guys only. There are some other tools out there to solve that but it is quite hard for most users to know it.

What exactly did I just do in my last transaction? Someone else has sent me a weird token, did they make a mistake or they were trying to scam me!?! The transaction contains hashed data for data movement in a technical way and this is not easy for me to understand.

Someone claim they have to send me the token but I don’t see any of those shown in my wallet. Do they try to lie to me? They said no, I need to add the token to the wallet in able to see my token amount. But how to add the token...

I’m doing some research on a crypto project and an address is put in the document, how do I know what is it for, and what is inside that?

There are thousands of tokens nowadays, and it doesn’t stop growing. And I’m feeling tired of doing convert the token to fiat currency to know what exactly valuation of it

Then I come with an idea

Hey, why not build an extension on the browser that can show me the information underlying those boring addressed, transaction

Some basic ideas around Nimbus

Hover on the token address will show the current balance and top coins

Hover on token will show the price changes and also conversion to USD

Competitor

There is no direct competitor at the moment as I researched. So it comes down to a question

Is this idea completely useless or I’m too early?

How do I validate the idea? How do I get my early adopt users?

To be honest, I don’t know. When I’m writing this blog, I realize that I make the same mistake I make before: ~~Focus on building things and wish it will go viral magically~~. 🙃

How do you think about my idea? Do you have those issues in daily life in the crypto space? Would you trust the extension that can steal all of your money? Please let me know about it in the comment