Understanding XION’s protocol-level abstraction in one article Simplifying the world of cryptocurrency in the eyes of mainstream audiences.

Demystifying XION's Protocol-Level Abstraction Simplifying the World of Cryptocurrency for Mainstream Audiences in One Article

Note: The original article is from XION Blog and translated by XION World.

What is General Abstraction?

General Abstraction is a unique and comprehensive infrastructure solution designed to eliminate the inherent complexity of encryption for all Web3 users. The key innovation of XION is directly implementing this abstraction at the protocol level, including seamless abstraction of accounts, signatures, Gas, interoperability, pricing, devices, payments, etc. In other words, XION brings decentralization and ownership promises of Web3 to the mainstream global audience by fully abstracting public chains.

XION’s Protocol-level Abstraction

The innovation of XION lies in protocol-level abstraction, which greatly simplifies the entire technology stack and comes with numerous benefits. Compared to other current public chains, XION not only provides an outstanding solution but also establishes a foundation for adapting to future dApp innovations.

In the following text, we outline the problems found in other public chain ecosystems, especially in EVM chains, and how XION is designed to address these issues.

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First, XION solves multiple fragmentation problems found in other EVM chains.

The first is stack fragmentation – as shown in the above figure, the EVM chain technology stack consists of many different layers. For a dApp, an EVM chain requires more than 4 layers to provide the same functionalities offered by XION at the foundational level.

The second is standard fragmentation – this is a very “ancient” technological dilemma. SevenX Ventures explains a perfect example in an article, which is the conflict between safe methods and diamond methods (ERC-2535 diamond proxy). Additionally, multiple companies compete at various levels throughout the technology stack. This forces developers and users to choose which platform to use for each feature. By protocol-level standardization, XION eliminates any incompatibility.

The third is user fragmentation – due to the inability of existing externally owned accounts (EOAs) to seamlessly upgrade to smart contract accounts (SCAs), the existing Web3 ecosystem faces fragmentation. Similarly, XION’s protocol-level solution has eliminated this problem.

The Future Assurance of Cryptography: XION’s protocol-level solution is independent of signature curves, allowing seamless compatibility with various existing cryptographic curves – Ethereum’s Secp256K1, Solana’s Ed25519, the global standard Secp256R1, JWT’s RS256, etc. This clearly gives XION a huge advantage over existing public chain solutions in terms of interoperability, market coverage, and long-term adaptability.

In addition, XION’s infrastructure has significant advantages in terms of upgradability, cost, and security.

Scalability: The protocol-level solution provided by XION enhances its development and upgrade speed by offering easy upgradability. One of the biggest obstacles to upgrading existing infrastructure (especially the consensus layer) in other public chains is the impact it has on existing dApps. XION’s implementation mitigates this issue and allows seamless integration of existing protocols, which do not currently use universal abstractions, into its stack and any future upgrades.

Cost: The cost of deploying and transacting on EVM chains is quite high and often hinders many potential adopters. XION’s innovative technology stack and low-cost structure completely eliminate this cost barrier, making it a more user-friendly and cost-effective solution for developers and users. Additionally, its low fees enable developers and users to perform more computationally intensive operations.

Security: XION’s solution does not introduce an alternative memory pool (unlike ERC-4337). This alleviates many risks typically associated with centralization, MEV capture, fragmentation, and censorship in other public chains. When combined with modularity and upgradability, XION provides the aforementioned enhanced development speed and, in the long run, offers high security and resilience.

XION’s Universal Abstraction: A Comprehensive Solution

In addition to the benefits of protocol-level abstraction mentioned above, XION’s universal abstraction is also the only all-encompassing solution in the crypto industry.

In order to effectively address adoption issues, it is crucial to abstract users into various aspects of the crypto space. Adding the functionality for users to log in with their email may simplify one step of the onboarding process, but if users still need to follow 15 additional steps to understand and manage gas fees, acquire tokens, grasp the intrinsic value of these tokens, etc., then the simplicity at onboarding becomes meaningless. While the crypto industry has made some interesting attempts to address the adoption pain points, XION’s protocol-level abstraction offers long-term sustainability, flexibility, and feasibility.

Next, we will continue to explore the robustness of XION’s universal abstraction through seven different aspects, each addressing specific pain points in the industry.

Account Abstraction: XION pioneers protocol-level modular account abstraction.

Traditional wallets lead to a decline in user onboarding rates of over 95%. Downloading plugins, enduring complex setups, dealing with confusing pop-ups, understanding and securely storing seed phrases, and coping with unpleasant user experiences are major barriers for non-technical users. The solution to this problem lies in account abstraction and Smart Contract Accounts (SCAs). They not only allow users to use familiar login methods (such as email), but also unlock additional security-enhancing features such as account recovery and account permissions, among others. Furthermore, the rest of XION’s abstracted accounts remain invisible. This subtle and impactful design ensures that developers can focus on creating value without having to consider these accounts specifically.

Signature Abstraction: XION is the first public blockchain that supports signatures across all cryptographic curves.

This breakthrough technology means that XION can use Apple’s FaceID, passwords, JWT, EVM curves, Solana curves, and more to sign transactions. Additionally, when using non-wallet identity verifiers such as JWT, FaceID, NFC, ZK, there is no need for trusted proxies or oracles, as the communication is directly targeting the chain. This not only enhances security but also perfectly aligns with Web3’s “trustless” ethos.

Payment Abstraction: XION allows users to directly use credit cards and debit cards for on-chain transactions, eliminating the transaction complexities commonly found in other chains.

In traditional public chains, purchasing goods on-chain with fiat currency is a daunting task, typically involving 15 or more steps and sometimes taking over a week to complete. Users must endure centralized exchanges for registration, perform KYC, wait for fund transfers, create wallets, perform cross-chain fund transfers, exchange to the correct tokens, and more before making a purchase. In contrast, XION allows users to use their bank cards to complete an end-to-end on-chain transaction experience in less than 60 seconds, providing a truly familiar Web2 experience for users.

Gas Abstraction: XION completely eliminates the concept of gas fees from the end user’s perspective.

Gas fees have always been one of the biggest barriers for new users in Web3. Aside from introducing unfamiliar terminologies to new users, the process of acquiring the necessary gas tokens is also a major hindrance for users to enter most ecosystem of public chains. It has proven to be a significant obstacle not only for end users but also for application builders as they bear the burden of gas management and purchasing. XION abstracts at the protocol level and eliminates the barriers for users to enter the ecosystem with no gas completely.

Interoperability Abstraction: XION truly interoperates with all ecosystems, allowing users to easily perform cross-chain transactions and stake any tokens on XION with just a few clicks.

Especially in an industry flooded with different public chains and tokens, it is crucial to enable access to XION for all users. Through its interoperability abstraction, XION enables users from any public chain and token holders to trade/stake on XION, unifying the liquidity of all public chain ecosystems.

Device Abstraction: XION completely abstracts the concept of browser wallets or applications, allowing users to access their XION accounts in various ways – be it through email, FaceID, passwords, or other methods – providing strong support and efficient operations across different devices.

The ability to effortlessly support all devices, especially mobile devices, truly opens the door for widespread adoption of Web3. Today, a significant portion of digital interactions happen on mobile phones. However, current mobile encrypted wallets pose security risks, do not transition well between different devices, require users to unsafely switch devices using mnemonic phrases, and have poor UI/UX performance within the in-app browser. XION’s infrastructure ensures easy access to accounts for users using any device. Additionally, it allows users to separate login from assets, creating a secure pathway for user interaction with new dApps without putting their assets at risk. Essentially, it enables users to access the XION ecosystem anytime, anywhere securely.

Abstract Pricing: XION is the first public chain to use familiar fiat currency pricing throughout the entire ecosystem.

Given that USDC is native to the encryption, users do not have to worry about the need to avoid risks. In addition, pricing assets in fiat currency eliminates price fluctuations, making many previously impossible use cases possible. Finally, it allows all assets on XION to be priced in the currency familiar to everyday users.

Conclusion: Creating a Scalable Future for Web3

By introducing a modular universal abstraction layer at its core, XION provides a comprehensive solution to the key problems faced by users. While addressing the inherent complexity of cryptographic technology at the protocol level, XION simplifies the technical stack and strategically positions itself as the foundational layer for future innovations. Its robust infrastructure aims to seamlessly interoperate with all existing public chains and adapt to future developments in the long run.

XION’s universal abstraction paves the way for consumer application innovation in the future. It is committed to abstracting various aspects such as accounts, signatures, payments, gas, interoperability, devices, and pricing, enabling all users to access Web3. By encapsulating these complex terminologies under a unified protocol-level abstraction layer, XION significantly drives the encryption industry closer to mainstream adoption.

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