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What is Chain Abstraction, and Why Does it Matter?
Even though crypto assets and blockchain technology have come a long way since the advent of Bitcoin in 2008, the user experience (UX) is still far from ideal.
Many people don’t want to mess around with different chains, gas fees, bridges, checking wallet addresses and ensuring you’re using the right network, etc.
To onboard the next billion users, we must simplify crypto for the masses by making it as convenient as possible.
What are the solutions?
Enter account and chain abstraction.
While these are closely related, strictly speaking:
Account abstraction involves programming a blockchain account to operate as a smart contract, i.e., computer code automatically executed once pre-determined conditions are met.
Chain abstraction allows you to interact with dApps found across different blockchains, all with the same user interface (UI). In other words, the average person can easily carry out several actions across multiple blockchains without realising they’ve done so.
We’ll delve into chain abstraction (while also touching on account abstraction) and cover related crypto projects.
