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Bridge Abstraction - The Key to Unlocking True Blockchain Interoperability
- Blockchain interoperability is only achievable via bridges, which enable asset transfer between networks.
- Despite widespread desire for an interoperable crypto ecosystem, only about 0.01% of the $2.5 trillion of value in the crypto market is utilized across chains.
- According to Zecrey Labs CEO Sher, a big part of this is down to the user experience – leading to a solution in bridge abstraction.
- Current bridges have an often unintuitive interface, and bridging protocols only support a limited set of assets and blockchain pairs.
- Bridge abstraction builds on the concept of chain abstraction to hide complexities of interacting with blockchains from the end user and create a more user-friendly process.
- This decentralization of components provides greater flexibility and independent development.
- Kontos is designed to let users bridge across multiple chains via a single interface with the smart contracts handling the complexities of gas estimation and payment behind the scenes.
- Kontos' approach to gas abstraction is a significant innovation in improving blockchain usability and simplifying transactions across blockchain networks.
- With bridge abstraction, barriers to bridging are minimized, evolving toward a more inclusive and user-friendly web3 ecosystem.
- The adoption of bridge abstraction is expected to lead to a smoother and more intuitive on-chain experience and set new standards for blockchain accessibility and usability.
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