Golden Finance reported that Chintan Turakhia, senior director of engineering at Coinbase, said that to attract the first billion cryptocurrency users, a more friendly beginner application is needed. The current user registration process is complicated and has many obstacles, including setting up wallets, paying transaction fees, and purchasing blockchain native tokens. In order to simplify this process, Coinbase launched a smart wallet, using simpler login options such as account names and passwords to replace complex seed phrases. In addition, the new smart wallet also sponsors transaction fees by Coinbase, further lowering the threshold for use. Turakhia believes that consumer applications will be the way to popularize cryptocurrency, such as the Telegram-based mini-game Hamster Kombat, whose number of users exceeded 239 million in 81 days.