Near co-founder: Chain abstraction is a key factor in cryptocurrency becoming mainstream
2024-03-29 08:05:56
During an interview with Blockchain magazine at the BUIDL Asia Conference held in Seoul, South Korea, Near co-founder Illia Polosukhin stated that chain abstraction can drive the next transformation of the encryption field and Web3, which is necessary for mainstream applications. Chain abstraction refers to application developers fragmenting the complex technical layers of Web3 to enhance the end user experience. This concept abstracts blockchain from user experience. For example, in blockchain networks like Near, users use email addresses to create and recover accounts, rather than writing complex subphrases.
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