Chain abstraction is gaining prominence in the crypto industry, aiming to simplify user interactions across multiple blockchain networks. This article explores six leading projects at the forefront
of chain abstraction, enhancing the user experience by making blockchain technology more accessible and efficient.
Points
- Arcana Network: Simplifies interactions with a unified wallet and gas fee abstraction.
- NEAR Protocol: Provides human-readable account names and meta transactions.
- Socket Protocol: Uses MOFA for seamless cross-chain transactions.
- Across: Employs intent-based design for cross-chain interactions.
- Everclear: Introduces a clearing layer for efficient transaction netting.
- Particle Network: Offers universal accounts and modular architecture.
Chain abstraction has emerged as a critical innovation in the cryptocurrency industry, addressing the challenges of account and liquidity fragmentation across multiple blockchain networks. By abstracting the complexities of blockchain interactions, these projects aim to provide a seamless and user-friendly experience, integrating the next billion users into the digital economy.
Arcana Network
Arcana Network was founded to simplify blockchain interactions by addressing various complexities. From creating non-custodial wallets via social login to managing gas fees without requiring direct payments, Arcana focuses on user convenience. Its Chain Abstraction Protocol, powered by a modular Layer 1 architecture, provides a unified interface for users with their “Unified Wallet” technologies.
NEAR Protocol
NEAR Protocol is a Proof-of-Stake Layer 1 blockchain designed to make dApps accessible to a mainstream audience. It simplifies user interactions by integrating human-readable account names and meta transactions, allowing users to execute transactions without holding native tokens for gas fees. This is facilitated by the Chain Signature and Intent Relayers, ensuring secure and efficient cross-chain interactions.
Socket Protocol
Socket Protocol introduces MOFA （Multi-Operator Fee Abstraction）, a marketplace where execution agents compete to execute user requests. This innovative approach eliminates the need for users to manage multiple transactions and gas fees across various networks. MOFA operates like an auction, where the right to execute user requests is the item being bid on, ensuring the most efficient execution.
Across
Across utilizes an intent-based design, allowing users to specify what they want to achieve without dealing with underlying technical complexities. This approach is implemented through Across+, which bundles bridging and protocol actions into a single transaction. The integration of a message field simplifies cross-chain interactions, making it easier for users to achieve their desired outcomes.
Everclear
Formerly known as Connext, Everclear introduces the first clearing layer for cross-chain transactions. This layer calculates and nets token bridge transactions, reducing the number of transactions required and improving efficiency. Everclear’s system ensures that transactions are settled efficiently, leveraging solvers, relayers, and watchdogs to monitor for fraud.
Particle Network
Particle Network offers a modular Layer 1 platform that acts as both a settlement and coordination layer. It introduces universal accounts, allowing users to manage their identities and assets across various blockchains. Built on the Cosmos SDK, Particle Network’s architecture ensures seamless connections between different blockchain environments, enhancing user experience and operational efficiency.
Conclusion
The pursuit of chain abstraction is driving a wave of innovation in the cryptocurrency industry. Projects like Arcana Network, NEAR Protocol, Socket Protocol, Across, Everclear, and Particle Network are leading the charge by simplifying blockchain interactions and enhancing user experience. These efforts are crucial for integrating the next billion users into the digital economy, making blockchain technology more accessible and efficient.
解説
- Arcana Network: Focuses on user convenience with unified wallets and gas fee management.
- NEAR Protocol: Simplifies user interactions with human-readable accounts and meta transactions.
- Socket Protocol: Uses MOFA to eliminate the need for managing multiple transactions and fees.
- Across: Employs intent-based design for seamless cross-chain interactions.
- Everclear: Introduces a clearing layer for efficient transaction netting.
- Particle Network: Offers universal accounts and modular architecture for enhanced user experience.