The New Blockchain Features:
Your Voice Matters in Building a User-Friendly and Inclusive Web3 Ecosystem.
Recognizing the persistent challenges linked to traditional EOA wallets, such as complex key management, the risk of losing vital seed phrases or private keys resulting in asset losses, and an unwelcoming user experience, we set out on a journey to create Self Chain. This infrastructure, tailored for MPC (Multi-Party Computation) and keyless wallets, seeks to simplify crypto management, heighten security, and offer a seamless user experience, ultimately making blockchain accessible to all. Through our innovative approach, we address these crucial pain points, aiming to democratize access to the world of decentralized finance and blockchain technology.
Frontier, The Unified Non-Custodial Wallet, and Hot Cross, an extensive multi-chain and cross-chain tool suite, are joining forces on a transformative journey to tackle the complexities of crypto wallet management and build a more inclusive blockchain ecosystem. The official acquisition of Hot Cross by Frontier on June 26th, 2023, marked a pivotal moment where their visions and resources aligned perfectly. This merger brings together the strengths and experiences of both Frontier and Hot Cross into one unified team.
This merger isn't just about business; it's about a shared commitment to overcoming the hurdles that have held back the wider adoption of blockchain technology. With a united vision, Frontier and Hot Cross are set to revolutionize the crypto landscape. Our goal is to simplify crypto wallet management and make blockchain accessible to everyone. Together, we're crafting a more user-friendly and efficient blockchain ecosystem, ensuring that blockchain benefits reach people from all walks of life.
Starting as early as Q4 2022, the team has already started developing Self Chain's blockchain modules, explorer, staking app, and migration module. By Q4 2023, we rolled out our mission at community building and educational content. Looking ahead, we're excited to introduce Self Chain tokenomics, the Self Chain mainnet, and innovative products like MPC wallets, the Intents SDK, and AA plugins, paving the way for an exciting future for Self Chain.
The team envisions the creation of Self Chain, a Modular Intent-Centric Access Layer 1 Blockchain and Keyless Wallet Infrastructure Service. This innovative blockchain employs MPC-TSS/AA technology to streamline the crypto experience, addressing issues such as seed phrase complexities and user-unfriendly dApps.
In addition to this pivotal proposal, it's essential to note that Frontier products will persist in its commitment to developing and maintaining its wallet apps and wallet web extension.
Self Chain introduces a Layer 1 blockchain with key abstraction and a decentralized MPC-TSS/AA architecture. This empowers users to create keyless wallets, simplifying secure access to the multi-chain web3 ecosystem. Self Chain offers a range of advantages:
Self Chain offers SDK and API access, making it easy for developers to extend digital asset ownership to users of all kinds.
Self Chain's key abstraction eliminates a major barrier to mainstream adoption, offering an improved and user-friendly experience.
Self Chain optimizes transactions and permissions, leading to substantial cost savings, thanks to efficient batching.
Wallet owners can regain access to their wallets securely after verifying their identity, enhancing user confidence.
Self Chain's wallets can be programmed to incorporate new functionalities securely, allowing for innovation and customization.
Distributed transaction signing and sharding improve speed and reliability, ensuring a smooth user experience.
With versatile accessibility through a conversational interface, Self Chain is designed for mainstream users, simplifying their interaction with blockchain technology.
With support for Inter-Blockchain Communication (IBC) and compatibility with Ethereum Virtual Machine (EVM), Self Chain opens up a world of multi-chain assets and opportunities.
Self Chain's Layer 1 infrastructure finds applications in various domains:
With versatile accessibility through a conversational interface, Self Chain is designed for mainstream users, simplifying their interaction with blockchain technology.
GameFi benefits from automated intent triggers for various events, enhancing user experiences during asset trading.
Keyless wallets offer secure and user-friendly access to digital assets to meet various user needs.
Self Chain's intent SDK simplifies workflow for Enterprise use cases, ensuring zero learning curve for end-users while ensuring high security and asset compliance.
Self Chain expands the utility of SLF tokens, with SLF, you can do a lot:
SLF tokens are used to pay for transaction fees on the Self Chain blockchain. This ensures that the network remains efficient and accessible.
SLF holders can actively participate in securing the network by delegating their holdings to validators or running their own validator nodes.
SLF holders have the opportunity to engage in future governance decisions.
SLF tokens can be utilized as native asset liquidity or collateral within applications built on the Self Chain.
Users can incentivize validators with SLF tokens to prioritize their transactions, creating a dynamic and efficient fee market.
SLF tokens can also be used as trading fees on exchanges built within the Self Chain ecosystem.
Switching from FRONT to SLF opens up more opportunities and puts you at the forefront of a growing Layer 1 blockchain community.
To streamline this transition, we are initiating a token migration from FRONT to the new SLF token. Our brand partners, which include prominent VCs and exchanges, are fully behind this move, further enhancing our control and ecosystem integration.
Token holders have spoken: The FRONT rebranding proposal, now concluded on Self Chain DAO, has achieved a resounding consensus. The transition from $FRONT to $SLF is confirmed, receiving a unanimous 100% vote in favor. Stay tuned for comprehensive details on the token migration process.
HOTCROSS allocation and migration will be proposed at a later date.
In essence, Self Chain embarks on an ambitious journey to create a user-friendly blockchain ecosystem, transforming the role and functionality of $SLF for the broader crypto community. This evolution aims to simplify crypto for all and drive mainstream adoption.
