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Abstraction progresses in the order AA → CA → TA → BA
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Abstraction progresses in the order AA → CA → TA → BA

Consider the order of abstraction and the path to mass adoption.

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mitsui
May 30, 2024
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Abstraction progresses in the order AA → CA → TA → BA
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Good morning.
This is mitsui from web3researcher.

Today it will be a discussion article.

🧠Abstraction = no new learning required
💧What is Token Abstraction?
⛓Finally, Blockchain Abstraction occurs and mass adoption is complete

🧠 Abstraction = no new learning required

Account Abstraction (AA)" allows you to move from an EOA wallet to a contract wallet, making you less wallet-aware.

It is very difficult to define what "unaware" means, butI thinkit is "being able to use a new concept without understanding it.

With EOA, you need to manage your own private key, and the experience of creating a wallet is different from conventional account creation. On the other hand, with contract wallets, it is possible to create accounts with social login and device passkeys, and recovery can be done through social recovery. This is the same as existing account creation. In addition, gas sponsorship allows you to experience the web3 world without having to own gas money.

Then there is the concept of Chain Abstraction (CA), which I mentioned in yesterday's Intent article. This is an experience that does not require you to be aware of the chain.

Defining abstraction as the ability to use new concepts without understanding them in the same way as above, CA is a world where bridges between chains and the need to hold gas money in each of them are no longer necessary. Especially bridges between chains. It is a world of so-called multi-chain, cross-chain, omni chain, and so on.

I personally feel that the structure of CA (which can be defined in many ways) is rather intertwined with intent. The fact that you are freely moving assets between chains gaslessly and without any awareness means that on the other side of the equation, you need to move assets through the chain, pay for gas on their behalf, and monitor that they are doing so properly.

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He said that both AA and CA would be implemented,

  • Create Wallet with Social Login

  • Freely purchase digital items (NFT) (legal tender on/off ramps may develop and legal tender payments may become more widespread)

  • Buy and sell digital items freely

  • All performed gasless.

  • DeFi also allows deposits from any token to any protocol, and the receiving token can be specified.

  • Payments can be programmed by SMACON, including subs payments, automatic payments when certain conditions are met, etc.

With these realized, even the average user will be able to have a very user-friendly experience.

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