Empire
Chain Abstraction is NEAR | Illia Polosukhin, Co-Founder
Feb 2, 2024
Illia Polosukhin, Co-founder and Near Foundation CEO, explores key innovations in Near Protocol targeting mass adoption, including account aggregation, sharding, and chain abstraction. They discuss strategic partnerships, onboarding challenges, and their vision of a decade with over a hundred million users. The conversation also delves into user-owned AI, software generation, and the concept of an 'AI president' in forward-thinking governance.
01:20:05
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Quick takeaways
- Near aims to bring self-sovereignty to users by enabling them to control their data and AI through chain abstraction and user-owned AI.
- Near implements sharding to improve scalability and transaction speed, treating each account as a separate chain with shared validators.
Deep dives
Chain Abstraction and User Sovereignty
The podcast episode discusses the importance of chain abstraction and user sovereignty in the context of near. The host emphasizes how near's goal is to bring self-sovereignty to users and enable them to control their data and AI. With chain abstraction, users can transact seamlessly across different chains without the need for bridging assets. The focus is on providing an easy-to-use experience for users, abstracting away the complexities of blockchain interactions. The mention of partnerships with consumer apps like Sweatcoin and Kaiching highlights Near's efforts to onboard mainstream users and prioritize user experience.
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