Chain Abstraction

Existence of Multiple Chains

The mere existence of multiple chains and the necessity to know which chain you are currently on is a foreign concept to many digital native users. Currently, when you use the internet, do you know or care which hosting service or which network service is being used behind the scenes on the website you are?

This is a huge learning curve for users and produces unnecessary cognitive load, creating friction.

Gas Abstraction

Gas is a concept unique to web3 introduced by Ethereum and now is a norm in web3 space. In order to maintain a decentralized verifiable ledger for the world, there needs to be enough incentive for the nodes to do that effort. That incentive comes in the form of gas.

Every time there needs to be a transaction in web3, gas needs to be paid.

The problem? Every blockchain's gas is in its native token. For example, to do actions on Ethereum's platform, the gas needs to be paid in ETH, to do some actions on Solana, the gas needs to be paid in SOL and so on.

This means that users need to maintain balances of different tokens in their different wallets if they want to use platforms on that particular chain.

How the gas experience would feel like in the real world: You need to have 5 different purses when you go out, each of these purses needs to have a different currency. When you go to shop A, you open your purse A and use the currency A to pay there. When you go to shop B, you would open your purse B to pay with currency B.

This is how clunky the gas experience is right now. Initiatives like Gas abstraction and payment through Stablecoins is one step in the right direction. But overall, the gas should be completely abstracted away from the end user.

Plurality Network allows Gas Sponsorships and Dust Wallets to reduce complexity here

Bridges and Swaps

With the existence of multiple tokens, comes the problem of converting them. To do this, people have created sophisticated technologies like bridges and swaps, which do work but users need to do a lot of extra steps and learn a lot of new things to be able to successfully do this.

Keep in mind that one mistake and the user's funds are lost. Most users don't want this kind of risk and churn away.

Plurality Network integrates with Liquidity Aggregation partners that make sure that users don't have to do any of these steps manually