If you're not delving into the account abstraction narrative associated with EVM chains and projects attempting to address that issue, such as the recently launched ones like #cyberconnect , then the scope of your consideration might be somewhat limited. This aspect represents a crucial development in the cryptocurrency space and could significantly impact the landscape. It's worth exploring these advancements to gain a comprehensive understanding of the evolving ecosystem.
Neglecting this aspect could potentially result in falling behind or lagging in the near future, missing out on what might be one of the most significant breakthroughs in the history of EVM (Ethereum Virtual Machine)
If there is one aspect in which EVM chains have lagged behind in comparison to certain non-EVM chains like #STEEM or #HIVE , it's the level of account abstraction. This abstraction is what enables these other chains to scale and be suitable for hosting decentralized applications (dapps) in the realm of social media. This niche, perhaps the only one in the crypto space that hasn't fully matured, is reliant on this kind of innovation for its evolution.
I recently experimented with the Cyber ERC-4337 wallet, which has integrated account abstraction. By using this wallet, you can swiftly gain insights into the potential possibilities among EVM chains if this feature gains prominence.
For instance, imagine being able to interact with multiple chains seamlessly without the need for gas or gas bridging. You wouldn't have to sign every single transaction with your Metamask or #trustwallet . Moreover, dapps could effortlessly incorporate multiple chains, offering a smoother user experience. This approach also adds an extra layer of security, safeguarding against scams associated with the risk of losing your private keys due to extensive exposure on your MetaMask.
To stay ahead, it's wise to explore projects or protocols dedicated to solving the account abstraction challenge, such as Connext Network, Cyberconnect, and others.
Embracing this bullish Web3 narrative, even at this juncture, could position you at the forefront of innovative developments in the blockchain space.