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Chain Abstraction: The Blockchain Technology Revolution Reshaping the Web3 Ecosystem
Chain Abstraction: A Paradigm Shift in Blockchain Architecture
Chain abstraction is a new stage in the development of Blockchain technology, representing the evolution from monolithic chains to modular public chains, and then to the current stage. This concept is not merely a technological transformation but a reshaping of the entire Web3 ecosystem.
Many people simply understand chain abstraction as a combination of liquidity pool bridges, account abstraction, and social account logins. While this understanding is not without merit, it may limit our recognition of the true potential of chain abstraction. As Taleb said in "The Black Swan," an over-reliance on common sense can hinder our ability to see the truth of the world. Revolutionary innovations often come from breakthroughs that break conventional thinking.
The core objective of blockchain abstraction is to simplify complex blockchain operations, making them more user-friendly. This simplification is not only reflected in the user experience but also extends to the infrastructure and middleware. For example, in the cross-chain bridge field, emerging Solver Network and Filler Network models are changing the traditional methods of messaging and liquidity provision. Some platforms even introduce AI agents as automated arbitrageurs to achieve instant cross-chain settlement.
The EIP7702 proposal in Ethereum's upcoming Pectra upgrade will grant ordinary addresses the functionality of smart contracts, which means users can utilize more advanced features such as multi-signatures, custom batch transactions, and automated yield compounding.
In the wallet sector, innovation is continually emerging. Some smart contract wallets are launching features that enable the creation of the same address on multiple EVM-compatible chains simultaneously, greatly simplifying the complexity of user management of multi-chain assets.
Overall, chain abstraction is not just an improvement of the user interface, but a comprehensive technological revolution. These changes may not be evident in the initial stages, but over time, they will profoundly reshape the architecture of Blockchain and the landscape of the Web3 industry. We are standing on the threshold of a new era, and chain abstraction will bring unprecedented possibilities and opportunities for Blockchain technology.