The Good Tech Companies - Arcana Network Launches Chain Abstraction Wallet, Ushers In a New Era Of Multi-Chain Transactions

Episode Date: November 21, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/arcana-network-launches-chain-abstraction-wallet-ushers-in-a-new-era-of-multi-chain-transactions. Built as the first Externally Owned Account (EOA) wallet to leverage Chain Abstraction, Arcana Wallet enables a frictionless, multi-chain experience where users Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #arcana-network, #chainwire, #press-release, #arcana-network-announcement, #chain-abstraction, #blockchain-development, #good-company, and more. This story was written by: @chainwire. Learn more about this writer by checking @chainwire's about page, and for more stories, please visit hackernoon.com.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Arcana Network launches Chain Abstraction Wallet, ushers in a new era of multi-chain transactions, by Chainwire. Dubai, United Arab Emirates, November 21, 2024, Chainwire, Arcana Network is thrilled to announce the launch of the Arcana Wallet Beta, now available on the Chrome Store store setting a new standard in blockchain accessibility and user experience through its pioneering chain abstraction protocol built as the first externally owned account eoa wallet to leverage chain abstraction arcana wallet

enables a frictionless multi-chain experience where users can spend assets across ethereum base polygon arbitrum and optimism seamlessly with 20 plus new chains coming soon the chrome can spend assets across Ethereum, Base, Polygon, Arbitrum, and Optimism seamlessly, with 20-plus new chains coming soon. The Chrome extension wallet is available at www. Arcana, Network, Wallet Unified Balance. Spend your assets held across chains, in one CLI CK. Without bridging Arcana wallet offers a range of features designed to eliminate fragmentation and pro-Vid users with streamlined access to decentralized finance. Through Arcana Chain Abstraction Protocol, users can now manage their aggregated USDC, USDT, and ETH balances across multiple networks, all in a single wallet interface, and spend

these funds instantly on any supported chain without the need for bridging. Greater than, at Arcana, our goal is to reimagine blockchain usability by abstracting the greater than complexities that come with multi-chain interactions. Arcana Wallet delivers greater than an intuitive and effortless experience that allows users to engage with DAPPs greater than across chains, without technical barriers, said Mayor Relicar, founder and CEO greater than of Arcana Network. Key features of Arcana Wallet Unified Balances. Arcana Wallet aggregates assets into a single balance across supported chains, allowing seamless spending without bridging. For example, users holding USDT on Arbitrum and Optimism see a combined balance

ready to spend on Polygon or Base. EOA wallet-based orchestration. Users can bring their existing EOA address or create a new one, ensuring self-custody. Funds stay in the user's wallet, without locking up or requiring deposits to another address, maintaining asset security and cross-app accessibility. Universal address accessibility. Unlike wallets needing app-specific setups, Arcana Wallet retains assets within one wallet, making them accessible across all apps, even those without native chain abstraction support. Efficient gas payments. Gas fees can be auto-funded in stablecoins, USDT or USDC, eliminating the need to hold native tokens on each chain. Arcana's optimized protocol keeps gas fees up to 10x lower than traditional solutions that use smart contract accounts. Near instant cross-chain transactions,

Arcana Wallet's architecture allows transactions to execute within seconds, making it one of the fastest cross-chain transaction tools available. Users can spend assets on multiple chains with one-click transactions, benefiting from improved liquidity and usability. Expanding Dapp and chain compatibility at its beta launch, Arcana Wallet supports popular DAPPs, including Uniswap, Aave, Polymarket, Hyperliquid, and Jumper, with compatibility for additional applications and chains on the horizon. From currently supporting Ethereum, Base, Polygon, Optimism, and Arbitrum, the protocol aims to scale support to plus 2.0 EVM and non-EVM L1s, L2s, and AppChains. Allowing users to manage funds from

any of the integrated networks, it will mark a significant step toward a unified blockchain ecosystem. Arcana's Chain Abstraction SDK to cater the developer community, Arcana Network is also launching the Chain Abstraction SDK, enabling developers to implement Arcana's Chain Abstraction features in their own DAPPs. The SDK is intended to provide a versatile toolkit for developers to build chainless user experiences and simplify blockchain interactions for end-users, helping to grow Arcana's vision of a unified Web3 UX. Joining the Arcana's COMMUNITYAs, the Arcana Wallet Beta moves through its testnet phase. Feedback from users and partners will help shape the next generation of blockchain interactions.

Users can download Arcana Wallet from the Chrome store and experience next generation of blockchain interactions. Users can download Arcana Wallet from the Chrome Store and experience the power of chain abstraction. Arcana Wallet Chrome Store about Arcana Network Arcana Network is a leading chain abstraction protocol, powered by an app chain, with the mission to transform the Web3 UX. Since its inception in 2021, Arcana Network has introduced products that make Web3 effortless, with more than 4 million wallets generated, 500,000 active users, and 6 million transactions to date. The upcoming chain abstraction protocol built on a Cosmos appchain and powered by Dollar Zar is the next evolution in simplifying Web3. Dollar Zar is the utility token that captures

protocol fees, secures the network, insensitivizes early adopters, and rewards resource providers. Arcana Network's innovative technology is backed by prominent investors, including Bologi S., Polygon founders, John Lillick, Santiago Roel, and investment funds such as Woodstock, Fenbushy, Republic, Polygon Ventures, DCG, LD Capital and others. Website, Twitter, Telegram, YouTube Contact Marketing Manager Andrea F. Stathou Arcana Network Andrea at Arcana Network

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