Cryptocurrency is often praised for its potential, but its usability remains a major barrier for adoption. For far too long, managing cryptocurrencies across multiple wallets and blockchains has only gotten more difficult.
Some wallets do their best to make this easier on users, but none have nailed down a way to make this seamless.
Each blockchain operates like a separate island. To interact across them, users often need to:
This limits adoption, introduces security concerns, and makes onboarding new users unnecessarily difficult.
VSC has a goal of removing the friction from the crypto “getting started” experience. Our approach is much different than anything that currently exists in the market, and we are proud to introduce our major new innovation to address these existing problems.
VSC’s Native Asset Mapping (NAM) technology is a fundamental breakthrough. It allows any supported asset to be received or managed using any wallet, regardless of the asset’s origin chain.
For example, you can send BTC to a SOL wallet address, and the recipient receives native BTC, secured on Bitcoin mainnet by VSC validators, overcollateralized 1.5:1 with HIVE and visible inside the VSC protocol.
Here’s what a typical NAM transaction looks like using the Altera app:
This model sets a new standard for user experience in crypto that has been needed for a very long time. This approach aims to simplify the user experience by reducing fragmentation across blockchains, moving towards a more unified system designed for broader usability. Removing the technical barriers to entry for average non-tech savvy users is something that has yet to be solved. It’s going to be easier to use Altera than any other DeFi application, simply because there are no restrictions on which blockchains users can interact with based on their wallet preference. Once assets are deposited onto VSC, transactions become gas-free, making trading very simple and predictable all thanks to VSC’s innovative Resource Credits model and Native Asset Mapping.
Imagine sending money home to your family:
You didn’t need to explain seed phrases, wrapped tokens, or bridge delays.
He didn’t need to download five apps to “be compatible.”
Crypto just worked.
VSC abstracts the very idea of blockchain incompatibility, removing the need for users to even understand what chain they’re on.
Let’s say a café owner wants to accept crypto.
Today, they’d need to:
With Altera and NAM, it would work like this:
No chain limits. No confusion. Abstracting away even the need for basic understanding of how crypto works.
We often hear different takes on what mass adoption of crypto and DeFi looks like, with no real plan to get there due to the friction of on-boarding. If we truly want everyone (businesses, countries, and even the older generation) to use this new self-sovereign financial system… We have to make it simple. Getting started with any crypto requires a little bit of technical knowledge, simply because you’re going to need to be able to manage your private keys, recovery phrase, or even a hardware device. This is often where new users get completely lost, and end up making a mistake that could result in loss of their funds. Take a coffee shop, for example, that wants to accept Bitcoin for payments, but the owner is not comfortable managing a wallet. They typically will avoid integrating any sort of crypto payment system due to the complexity of setup and management.
What if your grandma or the coffee shop up the street could simply log in with their Facebook (or any other social) account and start receiving payments? No wallet setup, no private keys, and no complex random wallet addresses. Once connected to Altera DeFi with a Social account, they are ready to start using crypto and managing their assets in one place.
Regular users want simplicity and easy access. Businesses want seamless setup and cross-chain settlement. The world needs a simpler crypto experience, and we’ve created it.
Cryptocurrency has long been hindered by complexity and fragmentation, but VSC’s Native Asset Mapping (NAM) technology changes everything. By enabling seamless management and transactions across blockchains with a single wallet, VSC eliminates the need for multiple wallets, reduces fees, and simplifies crypto for everyone. NAM allows users to send and receive native assets effortlessly with their favorite wallet, while VSC’s secure vaults and Resource Credits model ensure safety and cost-effective transactions. This unified approach makes crypto accessible to individuals and businesses alike, paving the way for mass adoption.
VSC transforms crypto into a simple, intuitive experience for the every day user. Whether it’s a coffee shop owner accepting Bitcoin or your grandmother exploring DeFi, the experience is the same - simple, seamless, and efficient. The future of decentralized finance is here, and VSC is leading the way. Let us know if you have any questions or comments below! We would love to hear from you.
