News with the tag "chain abstraction"

DeFi fragmentation hinders adoption, but chain abstraction at the account level could fix fragmentation

Chain abstraction simplifies user experience by enabling interaction with assets and services across multiple blockchains, hiding technical complexities.

Biconomy’s acquisition of Klaster paves the way for a modular blockchain framework to simplify developer tasks and bolster user experiences.

The feature was introduced in testnet in March, and allows users with a NEAR account to sign transactions on blockchains it supports, without the need for cross-chain bridges.

Router Chain is supposed to reduce the complexities of cross-chain interactions and make the development of dapps easier to use.

XION founder Burnt Banksy discusses burning Banksy’s ‘Moron’ and why it was “dumb,” creating the first walletless Layer 1 blockchain, the importance of chain abstraction, why it is “lame” for L1s to compete with each other, more L4s/8s/12s coming, and how close we are to mass adoption. The post Burn...

Near Protocol's Illia Polosukhin says the Web3 space will see a transition from centralized exchanges to the decentralized and non-custodial.