User experience, commonly referred to as UX, remains a significant challenge within the cryptocurrency sector, creating obstacles for adoption among various age groups. Many in the crypto community wish for a simpler way to carry out on-chain transactions without the headache of worrying about the underlying network. Some crypto startups are stepping up to address this need and enhance the overall user experience. The notion that users should remain unaware that they are interacting with a blockchain, known as chain abstraction, is a key promise for an improved Web3 experience.
One startup championing this idea is Stripchain, an interoperability protocol that has recently secured $10 million in funding to implement chain abstraction on a large scale. According to “0xnovachrono,” a pseudonymous researcher leading the project along with Isa Sertkaya and Narayana Pryusty, the back-end complexity of decentralized applications should be as invisible to users as the back-end system of Netflix. In a recent interview, these leaders shared their vision for Stripchain with .
The funding round for Stripchain was led by Sora Ventures and also included several prominent angel investors, including Santiago Santos, Frontier Research’s Stephane Gosselin, and Messari’s Ryan Selkis. In addition to these individual backers, the round saw participation from venture capital firms such as Hyperithm, Shima Capital, Hypersphere, Mechanism, and Ascensive Assets.
A representative from Sora Ventures emphasized the importance of improving user experience for mass adoption, especially given the increasing number of Layer 1 (L1) and Layer 2 (L2) solutions. The spokesperson highlighted that new users often struggle with the need to understand different blockchain networks, virtual machines (VMs), and key management systems. Hence, making this process more seamless could help attract a broader audience to crypto.
Stripchain’s unique approach enables developers to create specific commands, known as intents, that facilitate actions like transferring data across various blockchains. This interoperability is powered by a technology called stripVM, which allows different applications and protocols to communicate and coordinate effectively.
What sets Stripchain apart from other interoperability protocols is its focus on the transaction layer, coupled with a proof of authority system. Previous solutions often centered on the protocol layer, such as the Cosmos Inter-Blockchain Communication Protocol, or the contractual layer using bridges. Stripchain, Aims to simplify data transfer at the user level.
“Despite the significant progress the industry has made in enabling value transfer across blockchains, we have not yet succeeded in connecting monolithic applications across the execution layers of different systems,” explained 0xnovachrono. This gap is precisely what Stripchain aims to fill, thereby creating a more cohesive and user-friendly blockchain ecosystem.
Currently in its private beta stage, Stripchain plans to launch its testnet within the next few months. This development marks a significant step towards making chain abstraction a reality, potentially revolutionizing how users engage with blockchain technologies. For a crypto industry working constantly to lower barriers to entry, Stripchain’s efforts could be a game-changer.
Blockchain tech is never going to be “invisible” to users. It’s too complex by nature. 😤
We dont need another overly complex solution. Make it simple, or people wont use it!
Stripchain could be the key to making blockchain as user-friendly as mainstream apps. Super excited about this project! 🌟📲
The collaboration with Sora Ventures and other big names is super promising! Kudos to the Stripchain team for pushing the boundaries of UX in crypto.
Stripchain’s approach could redefine how people interact with blockchain. This is a huge leap forward for the industry! 🚀🔗
Kudos to 0xnovachrono, Isa Sertkaya, and Narayana Pryusty! The Stripchain project sounds incredibly innovative. Here’s to a better blockchain UX!
Stripchain’s technology will make blockchain accessible to people of all ages. Here’s to simplifying crypto for everyone!
Its great they are trying to make blockchain easier, but let’s be real, mainstream adoption is still far off.
Chain abstraction is a crucial development for Web3. Hats off to Stripchain for leading the charge!
Stripchain’s approach to improving UX in crypto is fantastic! Simplifying on-chain transactions will make it so much easier for new users.
Amazing to see Stripchain prioritizing user experience. This is whats needed for the next wave of crypto adoption!
Interoperability powered by stripVM sounds promising. Stripchain might just be the breakthrough we need in crypto! 🚀🛠
Simplifying crypto transactions needs to be a priority, and Stripchain is doing just that. Can’t wait to see where this goes!
Does anyone really believe a private beta will give us the answers? It’s just another way to buy time.
Addressing interoperability is great, but what about security concerns? Just seems like a high-risk gamble to me.
Stripchain leveraging stripVM for interoperability is brilliant! This could solve so many user frustrations.
Another $10 million down the drain? I hope the investors know what they’re getting into.
Stripchain’s chain abstraction solution is groundbreaking. Users interacting with blockchain tech seamlessly is the future. Excited for the testnet launch!