XION has released a generalized abstract test network and technical whitepaper.

2023-12-08 11:20

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Source: XION

As the first blockchain built specifically for mainstream adoption, XION has officially released its generalized abstract test network and corresponding technical white paper today. XION's generalized abstraction is a comprehensive infrastructure solution designed to eliminate all the complexities inherent in the cryptocurrency field, in order to promote its adoption in the mainstream market. The core advantage of this platform is the direct integration of various complex blockchain functions at the protocol level, such as account management, signature mechanism, fee processing, and cross-chain interoperability, effectively reducing the entry barrier for new users and solving the fragmentation problem faced by developers in other blockchain ecosystems.

With the release of the testnet, XION also released a technical whitepaper on generalized abstraction, which delves into its core components, including meta-accounts, signature abstraction, parameterized fee layers, abstract interoperability, and the innovative application scenarios that result from them.

XION's meta-account adopts a signature-agnostic abstract design, allowing users to easily access XION applications through familiar Web2 authentication methods such as email or biometrics, as well as almost all types of cryptographic signature schemes. Users do not need to install encryption wallets such as MetaMask, although these wallets are still supported, making XION able to meet the needs of different user groups. In addition, the meta-account also provides powerful features such as seamless cross-device use, key rotation, multi-factor authentication, and account recovery.

XION's parameterized cost layer eliminates the concept of "Gas fees" from the user's perspective, which is a major obstacle. At the same time, it is also the first blockchain to integrate USDC (a fully reserved digital dollar) throughout the entire infrastructure stack, providing consumers with a familiar pricing mechanism. By abstracting interoperability, XION extends its meta-account functionality to cover all connected ecosystems, significantly improving the cross-chain user experience.

Burnt CEO Burnt Banksy said, "In order to achieve true mainstream adoption, we must address all the difficulties and challenges related to encryption. The learning curve of Web3 is still steep, which makes many users who need to learn how to operate wallets, keep mnemonic phrases, and send transactions to hexadecimal addresses discouraged. Generalized abstraction is a further development based on Buterin's proposal of account abstraction, and our goal is to simplify all aspects of blockchain usage."

About Burnt

Burnt is the core development team of XION, dedicated to building the first modular and generalized abstraction layer designed for mainstream markets. Its aim is to promote the adoption of Web3 by focusing on frictionless user experience. XION has received support from more than 90 partners, including Animoca Brands, Circle Ventures, Multicoin, HashKey, and Valor, and has raised over $11 million in funding from them. Burnt firmly believes that everyone should have equal ownership regardless of their technical level.