November 12, 2023
Burnt (XION)Â
XION distinguishes itself from other blockchains through several key features:
- Modular Generalized Abstraction Layer: XION is described as the first modular Generalized Abstraction layer, which is purpose-built for consumer adoption. This feature enables seamless user experiences for everyday users. The abstraction spans across various blockchain components like Accounts, Signatures, Gas, Interoperability, Pricing, Devices, Payments, and more, thus simplifying the complexities of crypto for mainstream audiences​​.
- Distinctive Abstraction Elements:
- Account Abstraction: XION is the first blockchain to have modular account abstraction at the protocol level.
- Signature Abstraction: It is the first chain to be signature-curve agnostic, allowing transactions to be signed using various methods including FaceID, Passkeys, EVM curve, Solana curve, etc.
- Abstracted Interoperability: The platform enables true interoperability through cross-chain one-click checkout and staking with any token.
- Pricing Abstraction: XION utilizes fiat denominated pricing, which also helps in eliminating asset volatility.
- Device Abstraction: It offers robust support and efficient operations across various devices.
- Payment Abstraction: Transactions on the XION chain can be conducted via direct credit and debit card transactions.
- Gas Abstraction: The concept of gas fees is completely eliminated for the end-user​​.
- Infrastructure for Mass-Market Projects: XION’s infrastructure supports the development of next-generation mass-market projects through user-friendly experiences. This includes familiar login methods, seamless mobile support, lightning-fast gasless transactions, native on & off ramps, global direct credit/debit card purchasing, familiar fiat denomination, and interoperability with over 50 other networks. The platform's Layer 1 architecture abstracts away all crypto complexities, which is pivotal for enabling mass adoption​​.
These features collectively contribute to making XION a unique blockchain platform that focuses on simplifying the user experience and promoting widespread consumer adoption.