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by Tom (u/plebeius.eth) | 21mo ago
Afaik account abstraction is pretty much the solution to the whole UX problem and it will happen on L2s, notably ZkSync. In theory, if you fix that, bridges become seamless, fragmentation becomes frictionless, all security moves to the L1 and L2s truly start to scale and get adoption. At that point, alt-L1s will have no reason to exist unless they offer some *feature* (visible by users, not some invisible spec like tx throughput/finality) that the L1-L2 ecosystem can't offer. One such feature is extremely low fees in the L1 in spite of decentralization, which seems to be the point of a shitcoin casino type of chain like the BSC, and now SOL. Low gas fees in general is not a feature as ETH sharding will significantly lower the fees (but not at the casino-chain level). Another possible feature might be sidechains/subnets but i'm highly skeptical users will ever care about them.

2 direct replies

If that actually achieves an experience equivalent to or better than a monolithic L1, great. I thought account abstraction would mainly help with scaling L1 itself by being able to batch transactions for example. It might be implemented on an L2 first but how does that remove fragmentation? I think a blockchain should also consider the developer experience, even if this layered approach works, if it's far too complicated to develop on, there's still a need for a better L1.