Chain abstraction: prism in the multi-chain era

As the key entrance to the Crypto/Web3 ecosystem, wallets have always been the focus of competition among entrepreneurial teams. In addition to wallet products led by support for new public chains, there are also many hopes that the team can completely improve the MetaMask experience (such as Rabby). When the wallet team is focusing on account abstraction, the higher-dimensional chain abstraction narrative gradually attracts the attention of the community. As the key entrance to the Crypto/Web3 ecosystem, wallets have always been the focus of competition among entrepreneurial teams.

NEAR co-founder Illia PolosukhinIllia Polosukhin not long ago wrote an articlediscussing the concept of chain abstraction and stating NEAR's vision in realizing chain abstraction. In addition, ZetaChain, upgraded L1, modular L1particle networkParticle Network, and full-chain ledger## were launched on the main network last month. Projects such as #, Cycle NetworkCycle Network are all exploring the realization of chain abstraction.

Why is chain abstraction important?

Think about a question, why is the product user experience and the number of users of Web3 far lower than that of Web2? One of the important reasons is that users of many projects now need to understand various principles and concepts, and everyone has seen the rapid development of Web3. New narratives and new concepts are emerging one after another. Even Web3 veteran players have the problem that "hot spots change too fast and it is too troublesome to learn." a feeling of.

To give a simple example, the cross-chain bridge protocol first requires users to understand that assets cannot communicate with each other, so such a bridge protocol is needed to realize the transfer of assets between different chains. Secondly, you must understand that if you want to transfer assets from Ethereum to Solana, you need to pay ETH as a gas fee, not SOL. I just want to use 100 USDT on Ethereum to buy NFT in the Solana ecosystem. Why is it so troublesome?

Between Web2 and Web3, Web2 products are almost all packaged. Users know the principles, but they don’t know who is working with whom behind them. According to the logic of Web2 product experience, I want to buy NFT in the Solana ecosystem. I log in to my wallet on this NFT project interface and buy it directly with 100 USDT in the wallet. In the end, I only know how much money is left in the wallet and whether the NFT has arrived. I don’t know.

Chain abstraction abstracts the differences and complexities between different blockchains as a unified interface, allowing users and developers to interact and operate seamlessly on different chains. The goal is to allow Users are not aware of it. Chain abstraction abstracts the differences and complexities between different blockchains into a unified interface, allowing users and developers to seamlessly interact and operate on different chains. The ultimate goal It is the existence of the chain while enjoying the benefits brought by the centralization of the blockchain Let users not perceive the existence of the chain while enjoying the benefits brought by the decentralization of the blockchain, combined with intent, the user experience will be smoother. Imagine that users only need to have enough assets, no matter what token is on which chain, they can trade however they want, and can set the time point and conditions of the transaction, while ensuring that the transaction is safe, private, and Completely under your control.

The gradual implementation of chain abstraction

In the current multi-chain environment, not only the user experience becomes complex, but also the liquidity is dispersed, which hinders the development of Mass adoption of blockchain technology. The effective way to integrate liquidity is to establish an independent platform that provides a unified interface that can be interoperated, that is, a platform that implements chain abstraction.

Particle Network provides a user-agnostic open network access layer behind the development of Dapps with accounts, identities and liquidity.

• Universal Accounts: Universal Accounts: Users can log in to different chains Use the same account for trading and operations. The parent contract controls AA accounts in more than 50 chains, and connects the account addresses, making saving transactions faster and cross-chain faster (within 5 seconds). In addition, this also means releasing more application scenarios, such as stablecoins across the entire chain.

• Universal Gas Token (Universal Gas Token): Introduced the Universal Gas Token (SPARTI), Users can use the token to pay transaction fees on different chains. Not having to hold specific Gas tokens on each chain reduces the cost and complexity of cross-chain transactions. In addition, Particle Network has integrated EigenLayer to enhance the security of the network by double pledging SPARTI tokens and Ethereum.

• Universal Liquidity: By implementing liquidity abstraction, the flows on different chains Sex comes together. For example, use USDT to buy BTC in the Bitcoin ecosystem. Particle Network acts as a liquidity aggregation protocol and supports cross-chain atomic transaction execution.

The underlying architecture of the Particle Network adopts the Cosmos SDK and ensures the security of the network through the CometBFT consensus engine. This different underlying architecture allows particle networks to be flexibly expanded and customized to meet the needs of different application scenarios. In addition, Particle Network uses aggregated DA, which does not rely on relying parties (such as Celestia or EigenDA) and enhances data availability by storing copies of data in multiple places.

Chain abstraction prepares for application explosion

The era of multi-chain also means the era of multi-layered matryoshka dolls. In this context, chain abstraction is like a prism that aggregates multiple beams of light into one, unifying multiple chains to solve problems such as high access and difficulty in educating users, and avoid user needs Handle operations involving multiple accounts, network switching, and handling fees that affect the experience. As more and more projects and technical teams join in the construction of chain abstraction, we expect chain abstraction to become a key driving force in promoting the development of the Web3 ecosystem and bring a more unified, convenient and secure user experience to Web3. , facilitating the process of mainstream adoption.

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