to “completely avoid consensus-layer protocol changes, instead relying on higher-layer infrastructure,” in September 2021. However, the concept goes much further back in Ethereum’s timeline., the top two crypto-adopting countries in the world were in Asia — Vietnam and the Philippines. Thailand, China and India were in the top 10 despite anti-crypto sentiments from their respective governments., citing South Korea and China as examples.
“Meanwhile, the Chinese-speaking developer ecosystem is focusing on onboarding Web2 users to Web3 gaming through adopting account abstraction solutions.”“From the use-case perspective, we see Web3 social and gaming content has the largest potential in the coming years. It is powered by [a] zkEVM rollup solution and [an] account abstraction solution that enables gas fee subsidy and social recovery.”Asked whether the current U.S.
Shi believes the development of account abstraction, which offers greater programmable functionality and more “bank-like” features than a regular crypto wallet, would increase adoption in the region.
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