Binance US provides backing for the L2 network created by the Pudgy Penguins gang
In the ever-evolving world of cryptocurrency, a new player has emerged, promising to make blockchain technology more accessible for the masses. This contender is none other than Abstract Chain, a consumer-focused Ethereum Layer 2 solution, which has been making waves in the industry since its launch in January.
Developed by Igloo Inc., the minds behind the popular Pudgy Penguins NFT collection, Abstract Chain has been quickly gaining traction. One of its significant milestones was the integration with Binance US, contributing to its expanding adoption.
But what makes Abstract Chain stand out? For starters, it features account abstraction and social login support, designed to lower barriers for new crypto users. This means that users can easily connect their accounts using popular social media platforms, making the onboarding process smoother and more intuitive.
Moreover, Abstract Chain leverages cutting-edge technology to deliver scalable, low-cost transactions. It utilises zk-rollups and EigenDA technology, ensuring fast and efficient transactions without compromising on security.
The appeal of Abstract Chain has not gone unnoticed by the investment community. Last July, the platform managed to secure a total of $11 million in funding from investors, including Peter Thiel's Founders Fund.
The crypto industry is abuzz with speculation regarding Abstract Chain's potential impact. Some believe that a recent 'well done' from Changpeng Zhao ('CZ') for Aster could be a sign of things to come. Aster, you see, is a project within Abstract Chain's ecosystem, and CZ's comments have sparked discussions about the possible dismantling of Hyperliquid, another significant player in the industry.
However, it's worth noting that the exact timeline of Aster's independence from Hyperliquid remains unclear, as the search results do not provide a specific date.
Abstract Chain's adoption extends beyond Binance US and Binance Smart Chain. It has also found a home on Magic Eden for NFTs, Uniswap for decentralised trading, and Seedify for blockchain gaming and launchpad services.
As Abstract Chain continues to grow and evolve, it's clear that it's here to stay. With its user-friendly approach and cutting-edge technology, it's poised to make a significant impact in the world of cryptocurrency.
Read also:
- "Dying Light: The Beast Outpaces Borderlands 4 in Remarkable PC Optimization, Yet Exposes Gearbox CEO's Insensitive Commentary"
- Unlawful MMO gold peddler cultivates around half a million dollars in income, triggering a tax dispute, followed by developers unveiling strategies to clamp down on real-world transactions
- Prices of transit tickets in Berlin and Brandenburg are on the rise
- Linde Wins Major Engineering Design Contract for Equinor's Low Carbon Hydrogen Project at H2H Saltend, Progressing Towards a Greener Future
