Chain Abstraction Educate: Apps That Work on All Chains
Chain Signatures is a multi-party computation network on NEAR which enables smart contracts to sign transactions on any chain which means Chain Signatures can do anything that you can do with a private key but on any chain. Kendall gives two detailed examples int his workshop to help understand how Chain Signatures works.
Hear more from Kendall here: / kendaiic
About the Chain Abstraction Educate Series:
The Chain Abstraction Educate Series is a four-week educational series that addresses the complexities of interacting with multiple blockchain networks and aims to deliver a seamless user experience, free from the manual processes currently required. Join us for workshops led by experts from companies that are making it easier to navigate and operate within the growing ecosystem of blockchain networks.To find out more check out: https://www.encode.club/chain-abstrac...
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Here's what was covered:
1. Introduction to Chain Signatures
What are chain signatures, and how do they work on the Near protocol?
What types of transactions can be signed using chain signatures?
How does the MPC (multi-party computation) operator network function?
2. Use Cases and Applications
What are the primary use cases for chain signatures?
How can chain signatures enable chain-agnostic applications?
How can DeFi functionality be extended to Bitcoin using chain signatures?
What is multichain account abstraction, and how does it benefit from chain signatures?
3. Technical Deep Dive
How does the interaction pattern between a Near account, smart contracts, and destination chains work with chain signatures?
Can you explain the process of creating a cross-chain lending protocol using chain signatures?
Timestamps:
00:00 Introduction and Welcome
00:42 Introduction to Chain Signatures
01:07 Technical Deep Dive into Chain Signatures
06:50 Use Cases and Applications
07:01 Chain Agnostic Applications
07:43 DeFi on Bitcoin
11:30 Multichain Account Abstraction
12:38 Runes Marketplace Example
16:15 Q&A Session
20:48 Cross Chain Lending Example
28:41 Final Questions and Closing Remarks
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About Particle
Particle Network is a Modular L1 Unifying All Chains Through Universal Accounts, achieving "One Account, One Balance, Any Chain" to address Web3's user and liquidity fragmentation issues. Particle Network's modular L1 blockchain powers chain abstraction and coordinates Universal Accounts across chains, abstracting away wallets, gas, and unifying liquidity. It acts as a universal settlement layer, empowering existing L1s, L2s, and non-EVM blockchains through account coordination.
About Encode Club
Encode Club is a global community of top developers, professionals and talented students in Emerging Tech. Through leading educational programmes such as hackathons, bootcamps and accelerators we help you advance your career and work with transformative companies. Read more here: https://www.encode.club/
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