Co-founder of Near: Chain abstraction is a key factor for cryptocurrency to become mainstream

According to Jinse Finance, Illia Polosukhin, co-founder of Near, stated in an interview with "Block" magazine at the BUIDL Asia conference held in Seoul, South Korea that chain abstraction can drive the next transformation of the crypto field and Web3, which is necessary for mainstream applications. Chain abstraction refers to application developers fragmenting the complex technical layers of Web3 to enhance the end-user experience. This concept abstracts blockchain from user experience. For example, in blockchain networks like Near, users create and recover accounts using email addresses instead of writing down complex seed phrases.