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Arcana’s Chain Abstraction Module Makes Web3 User-friendly and Capital-Efficient

Jul 6, 2024 #仮想通貨
Arcana’s Chain Abstraction Module Makes Web3 User-friendly and Capital-Efficient

Arcana introduces its Chain AbstractionModule,simplifying theWeb3user experience and enhancing capital efficiency by hiding technicalcomplexities.

Points

  • Arcana’sChainAbstractionModuleaimstosimplifyWeb3userexperiences.
  • Themodulesupportsfullinteroperability,fromonboardingtocross-chaintransfers.
  • FragmentationinWeb3poseschallengesforusersanddevelopers.
  • Arcana’ssolutionreducesfrictionpoints,allowingseamlessinteractionwithdAppsacrosschains.

The bestuser-facingtechnologies are invisible to consumers andend-users.Their widespread adoption depends on thisinvisibility.That’sthe power ofabstraction,i.e.,the process of hiding technical complexities from the userexperience.Users can pay with their banking app even if theydon’tunderstand how VISA or Mastercard enables thesepayments.Same withAI-poweredrecommendations onAmazon,Netflix,etc.

ButWeb3is lagging on thisfront.Its UX is highly complicated andfragmented,with different wallets andassets/tokensfor different chains with low nativeinteroperability.Developers face similar issues that undercut efficiency andsecurity.

According to ArcanaCo-Founder,MayurRelekar,“Alongsideour auth and gas feesabstractions,the latest chain abstraction module enables afully-interoperable,user-friendly,andcapital-efficientuserexperience,from onboarding tocross-chaintransfers and everything inbetween.”

ThePainPointsofFragmentation

Daily Active Users(DAU)serve as a working proxy forusers,so these figures represent a bullish signal on thesurface.But a closer look reveals a fragmentedreality.The rapid expansion ofLayer-2s,Layer-3s,Sidechains,etc.,is worsening thesituation.There are58L2projects and17L3projectsalready,with at least53more in thepipeline.

Users need variousassets/tokensto interact with different protocols or projects—even whenthey’rein the sameecosystem.Forexample,$MATIC—Polygon’snative token—doesn’twork on EthereumL1,though Polygon isEVM-compatible.Plus,users often have to deposit funds even before trying adApp,which is notuser-friendly.

Cross-chain assettransfersarealsotoomuchhassleforpotentialusersandadailypainforpowerusers.SimpleactionslikesendingUSDTinvolvemanysteps:bridging,swapping,etc.Usually,there’safeeateachstep,nomatterhowsmall.

Because users and liquidity are fragmented acrosschains,developers are compelled to chase them by deploying clones of their apps in variousecosystems.Sadly,that’sthe real state(andextent)ofcross-chainfeaturescurrently.It’san edifice built on adhoc,inefficientworkarounds.

DefragmentingWeb3withChainAbstraction

Arcana’ssolution will ensure that users can only focus on the dAppthey’reusing and the outcomethey’reseeking,be it sending crypto or providing liquidity toAMMs.Theydon’tneed to worry about whatchain(s)the app is running on or what native tokenit’susing.

As Mayursays,“Ouroffering eliminates friction points by allowing users to simply login with their existingWeb2credentials and have all theirWeb3assets readily accessible without any chainhassles.”

Practically,this means users can interact with any dApp on any chain without holding any specific asset ortoken.Someone with ETH in their wallet can use a Solana orBSC-baseddApp and soon.They’lleven see a unified balance for funds held on various chains and can spend it as theychoose,where theychoose.

Arcana will ease theWeb3user’sjourney at every level while serving everyapp,everychain,and every tokentype.Its chain abstraction module will disrupt bridges and unlock nativeinteroperability,leading to better capitalefficiency.Forexample,it’lleliminate unnecessary bridging transactions by optimally using the destinationchain’sliquidity.

Besides solving user and liquidity fragmentation—while optimizing capital efficiency—Arcana’ssolution reduces friction fordevelopers.Developers can build on any chain that best suits theirapp’sneeds and businessinterests.

Notably,the framework enabling such defragmentation and UX simplification is highly complex andmulti-layered.It implementscutting-edgeinnovations like state machines to maintain userbalances,Distributed Key Generation(DKG)fordecentralization,and soon.

Empowering users and making life better and easier for them is the end

Sure,continuing from where we leftoff:

game.The powerfulWeb3stack will truly mature when it functions silently under thehood.Arcana is catalyzing this reality with its progressive tools and systems—auser-friendlyand seamlessWeb3future is comingsoon.

解説

  • Arcana’sChainAbstractionModuleaddressesthecriticalissueoffragmentationinWeb3byprovidingaseamlessanduser-friendlyexperience.
  • ThesolutionallowsuserstointeractwithanydApponanychainwithoutneedingspecifictokens,significantlyimprovinguserexperienceandcapitalefficiency.
  • Thismodulereducesfrictionfordevelopers,enablingthemtobuildonanychainthatbestsuitstheirneeds.
  • Arcana’sinnovations,includingstatemachinesandDistributedKeyGeneration(DKG),enhancetheframework’scomplexityanddecentralization.
  • Thegoalistoempowerusersanddevelopers,makingWeb3asintuitiveandefficientasWeb2.