> For the complete documentation index, see [llms.txt](https://wallitiq.gitbook.io/wallitiq/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://wallitiq.gitbook.io/wallitiq/the-3-key-challenges.md).

# The 3 Key Challenges

The current decentralized crypto wallet ecosystem faces three key limitations: Security Vulnerabilities, where users are fully responsible for safeguarding their assets, User Experience Issues, characterized by complex interfaces and confusing processes, and Limited Financial Literacy, which leaves many users struggling to understand blockchain technology and manage their assets effectively. Understanding these challenges was essential for us before coming up with the idea of WallitIQ.