Deep Dive Into Chain Abstraction

Traditional crypto wallets are known to create a 95%+ drop-off in user adoption. They require users to download plugins, have complex setups, confusing pop-ups, require users to understand and safely store seed phrases, and their UX in general deters non-technical users.

In many ways, mobile support is the way to true retail adoption, especially when recognizing that a significant portion of all digital interactions occur on mobile devices. However, mobile crypto wallets are currently a security risk, don’t translate well between desktop and mobile devices, require users to travel with their seed phrase, and the current UI/UX of in-app browsers is incredibly under-performant.

The current process of purchasing items on-chain is riddled with challenges often involving 15+ steps and sometimes more than a week to complete. A user must sign up to a centralized exchange, perform KYC, wait for their money to transfer, deal with wallets, bridge the funds, swap to the right currency, and more before being able to purchase.

A major barrier to adoption for new users is the requirement of gas fees, as it forces them to own the chain’s underlying currency in order to transact. In addition to introducing the foreign concept of gas fees, users are also faced with many of the same challenges mentioned above as they relate to acquiring a certain currency.

Within the industry there are thousands of tokens and it is incredibly confusing for new users to understand their value and subsequently the pricing of products denominated in those tokens. In addition, their incredibly volatile nature deters the ability for sustainable use-cases to thrive.

There is an ever-growing number of fragmentation issues that span across the infrastructure stack to the end users, and it is only destined to increase through the continued proliferation of new blockchain ecosystems.

Web3's cultural barriers stem from complex language and perceptions. Simplifying tech and showing real-life benefits are key. XION’s Chain Abstraction addresses both functional and cultural barriers, making blockchain more accessible and appealing for mass adoption.

Traditional crypto wallets are known to create a 95%+ drop-off in user adoption. They require users to download plugins, have complex setups, confusing pop-ups, require users to understand and safely store seed phrases, and their UX in general deters non-technical users.

In many ways, mobile support is the way to true retail adoption, especially when recognizing that a significant portion of all digital interactions occur on mobile devices. However, mobile crypto wallets are currently a security risk, don’t translate well between desktop and mobile devices, require users to travel with their seed phrase, and the current UI/UX of in-app browsers is incredibly under-performant.

The current process of purchasing items on-chain is riddled with challenges often involving 15+ steps and sometimes more than a week to complete. A user must sign up to a centralized exchange, perform KYC, wait for their money to transfer, deal with wallets, bridge the funds, swap to the right currency, and more before being able to purchase.

A major barrier to adoption for new users is the requirement of gas fees, as it forces them to own the chain’s underlying currency in order to transact. In addition to introducing the foreign concept of gas fees, users are also faced with many of the same challenges mentioned above as they relate to acquiring a certain currency.

Within the industry there are thousands of tokens and it is incredibly confusing for new users to understand their value and subsequently the pricing of products denominated in those tokens. In addition, their incredibly volatile nature deters the ability for sustainable use-cases to thrive.

There is an ever-growing number of fragmentation issues that span across the infrastructure stack to the end users, and it is only destined to increase through the continued proliferation of new blockchain ecosystems.

Web3's cultural barriers stem from complex language and perceptions. Simplifying tech and showing real-life benefits are key. XION’s Chain Abstraction addresses both functional and cultural barriers, making blockchain more accessible and appealing for mass adoption.