Here's the latest update regarding the company:
Fragmented user experiences make dapps in Web3 less widely used. By using Chain Abstraction to address this issue, @NEAR_Protocol simplifies usability for billions of users to onboard. Come investigate the strategy of NEAR Protocol for more diverse decentralized Internet!
The idea of removing blockchain technology from the user interface is known as chain abstraction. Chain Abstraction improves Web3 usability & accessibility by allowing users to interact with dapps without being aware that they are using a blockchain or which one they using. đ
NEAR's idea of Chain Abstraction seeks to make blockchain complexity invisible to developers & consumers, hence facilitating the widespread adoption of decentralized apps. NEAR's dedication to decentralization & scalability is in line with our ambition.
$NEAR accomplishes this by enabling email-based account creation & recovery, streamlining user onboarding with Fast-Auth. Relayers pay for gas, enabling users to interact with dApps without having to pay money.
Chain Abstraction depends heavily on data availability on NEAR. Zero-knowledge technology makes security across chains more uniform, making it simpler to retrieve settlement data from various networks.
Dapps may become genuinely multichain and more effectively access data from different chains by utilizing account aggregation and decentralized frontends. NEAR provides an affordable rollup solution that facilitates dapps' cross-chain operations. đ»
NEAR's Chain Abstraction idea depends on sharding, which divides blockchain & increases transaction performance by up to 10x.
Unlocking the Future of Web3 with NEAR Protocol's Chain Abstraction.
Learn more in their documentation, delve deeper into their blog, and stake NEAR tokens to securely run the chain.
- NMN Dao