Web3 OS creates a common platform to connect technologies between different blockchains, thus providing a better experience for developers and users in the Web3 world.
Author: ETH, R3PO'
Cover: Metamask
"The Web3 OS creates a common platform to connect technologies between different blockchains to provide a better experience for developers and users in the Web3 world." - Coinbase, Michael Li
The Ecological Enlightenment of the Internet Operating System
It took Web2 36 years to reach 1 billion users. How long will it take for Web3 to realize this process? In the process, Web3 needs to attract more and more mainstream users, so it is more important than ever to provide secure and reliable solutions with a good user experience.
In the early Internet era, both users and developers encountered the problem of lack of a unified operating system in terms of compatibility, which led to the dilemma of scarce users and increased development difficulty for developers. In the post-mobile Internet era, the rise of the Android operating system created a user With a good experience scenario, users can easily access application information, and at the same time provide a unified ecological environment for App developers, allowing users to enjoy rich services and content, and realize a positive feedback closed loop between users, developers and Android. Make the Android ecosystem develop healthily.
However, some problems in the development of Web3.0 are similar to those of Web2.0, such as ecological incompatibility, application developers need to develop different versions for different systems, and users need to open different accounts in different chains to Cross-chain assets. Then, just like the development of Web2.0, when will the operating system in the Web3 era come, and what kind of drastic changes will it bring to all participants?
Web3 Interaction Portal: From Metamask to Operating System
Looking back at the current development history of Web3 portal wallets, we find that each generation of wallet evolution is developing in a more convenient and smarter direction.
First-generation wallets, such as MetaMask, popularized basic functions such as click to connect and approve; second-generation wallets, such as Phantom, took a leap forward in UI/UX and added the ability to view user NFTs in the wallet. The bull market has fueled millions of NFT gold diggers. The author believes that the mainstream portal tool for Web3 users in the future will not only be a wallet, but an operating system that can aggregate Multichain, which can effectively reduce the interaction threshold for users on the chain and introduce large-scale users.
2023 Technology Trend: Public Chain Abstraction Based on Account Abstraction
The currently launched ERC-4337 (Account Abstraction) technology is already the hottest topic at this Ethereum Denver conference. AA is a wallet technology solution to be implemented on Ethereum. V God as early as 9 years ago The related concept of account abstraction has been proposed, and its ultimate vision is to make the AA Multichain aggregation operation protocol combine the characteristics of the two types of accounts, the EOA externally owned account and the CA contract account, so that they can be combined into one instead of EOA to exist as the main account. In addition to having the programmability of CA, it can also get rid of the dependence of EOA and actively initiate transactions. Therefore, account abstraction will allow users to easily authorize accounts without knowing the esoteric blockchain language or complicated contract processing. At the same time, account abstraction also ensures the security of users' accounts.
Compared with other applications that use wallet abstraction technology, dappOS further realizes the abstraction of the public chain, and realizes the encapsulation and bonding of fragmented Multichain through the auxiliary network, allowing users to obtain an interactive experience close to CEX. For example, in the latest GMX , it can be seen that the balance in Dapp is the sum of users in the entire dappOS system. Although it may actually be distributed on different chains, like CEX, users do not need to pay attention to these details. This balance can be in any one One-click use in Dapp that support dappOS, and all operations behind it will be automatically completed by dappOS. Account abstraction may become an indispensable key theme in the cryptocurrency world in 2023, and Dappos' aggregated Multichain operating system is at the forefront in this direction.
DappOS: Web3 operating system that virtualizes the public chain
Recently, the author discovered that dappOS, as a member of the fifth phase of Binance Incubator, focuses on allowing Dapp to have a smooth Web2 experience, and is committed to virtualizing the public chain as an operating system that aggregates Multichain in Web3.0. The project intends to "smart contract "Wallet" has been elevated to "operating system".
Improve the interactive experience of C-end users on the chain
- Unified account: Provide users with an account that is uniformly applicable to all Dapp on the public chain through the abstract public chain. The account balance can be used in any application that supports dappOS with one click.
- Automatic payment: The complex interaction with the public chain behind the unified account payment is automatically completed by dappOS, and users do not need to pay attention to details.
- The dappOS Account virtual wallet can be reset if the Seed Phrase is forgotten.
- Using a virtual wallet can facilitate users to log in to DappOS with one click, avoiding the trouble caused by Seed Phrase.
- The virtual wallet is scalable and can solve the problem of using a wallet that requires Gas first.
In order to lower the barriers to cryptographic infrastructure interaction, dappOS develops a middle layer between users and cryptographic infrastructure. Users only need to interact with dappOS, and dappOS will relay user instructions to the encryption infrastructure and automate the workflow. Developers can also easily apply dappOS.
Under the background that most users are unwilling to register new public chain wallets or frequently Cross-chain assets, dappOS seizes the opportunity of users wanting a better operating experience, and successfully implements the logic of task processing in the protocol layer, infrastructure layer, Vertical+horizontal+circular "mesh calls" can be made between application layers, so that the composability between different layers can be brought into play, and more user-oriented functions based on complex logic can be released.
The explosion of L2 and LSD boosted the exponential growth of top protocol users
As the market matures, more proficient DeFi Web3 users will increasingly use Derivatives such as options. Financial Derivatives are indispensable financial instruments in mature markets and their transaction volume far exceeds other types. BNB Chain released It is mentioned in the DeFi Outlook that it is clearly optimistic about the growth of transaction volume in the Derivatives, which also means that there will be more opportunities for the participation of projects in the Derivatives industry.
User evolution of major Perpetuals protocols (Source: Dune @shogun)
Recently, the transaction volume of GMX, GNS and other protocols has continued to grow, and the number of teams and users who are concerned about this track is also increasing. However, it has to be admitted that the use of Derivatives protocols on the chain itself has certain complexity and professional thresholds, which can simplify the use of Derivatives for users The protocol’s operating scheme will help Dapp users grow exponentially.
The cooperation between dappOS, GMX and Perpetuals has brought expectations into reality. The GMX platform preview product integrated with dappOS SDK has been officially launched, allowing users to seamlessly use GMX functions directly from the BSC wallet.
It can be seen that the layout of dappOS is very diverse. dappOS also provides a front-end SDK to reduce the interaction cost with the public chain. Dapp developers can develop other application services based on the service system of dappOS.
Current progress and cooperation
The layout of dappOS focuses on the pain points of the current industry. At present, dappOS has reached cooperation with multiple leading projects on Derivatives and LSD tracks to jointly explore solutions to lower user thresholds and enhance user experience.
In order to better understand the role dappOS plays in cooperating with other projects and empowering them, we take Perpetual as an example to compare the difference between users before and after using it:
Solve the challenge of Liquidity fragmentation in Multichain operations and unleash the breakthrough potential of Dapp billions
For Dapp deployed on a single chain, it is difficult to obtain users of other public chains. Perpetual, a Dapp with Multichain deployment requirements, wants to acquire more incremental users. After completing the Multichain deployment, it must spend a considerable amount of cost to improve Liquidity and maintain operations on each chain. There are more advantages in free integration, without the restriction of the public chain ecology, and it is more friendly to developers. And at the level of user operation, it is more convenient and user-friendly under the premise of ensuring safety. In terms of security, dappOS takes a security deposit approach. If there is a certain problem in the transaction, it can ensure that the user is effectively compensated.
In order to encourage users to experience Multichain integration technology, dappOS has in-depth cooperation with GMX, BENQI, MakerDAO, AVAX, KyberSwap, zkSync and other projects. Currently, the preview version of the GMX platform integrated with dappOS SDK has been officially launched. Supporting users can directly download from BSC, OP, Polygon wallet seamlessly uses GMX functions. Users who interact with this version of GMX will receive a $20,000 AirDrop reward, and enjoy up to 3 times the pledge income, as well as referral rebates.
Participation link: GMX
Therefore, the author believes that dappOS is superimposed on the interaction with top projects on the popular track and the possible expectation of Binance investment incubation, and the possibility of AirDrop interactive users in the future should not be underestimated.
The gap will eventually be bridged, and the future of the next-generation Internet operating system can be expected
We will eventually cross the chasm, but it will take a long time and require major infrastructure improvements to get there.
Over the next few decades, we are bound to experience a generational mindset shift. Self-custody and storage of assets in a decentralized financial system will become the norm, and today almost anyone of any age or level of technical knowledge can pull out a mobile phone, access the Internet and app stores, and communicate with mobile technology, cloud computing, email and Everything else interacts, a process the Internet took 36 years. Likewise, web3 will eventually reach a singularity where anyone will have the ability to directly interact with the blockchain.
However, before the advent of the Web3 singularity, the introduction of the operating system will be a slow process, but there are already innovators among us: the contribution of dappOS to the developer ecosystem on the B-side and the assistance to the C-side users, It will greatly reduce the threshold for users to enter Web3 and greatly improve the user experience. Therefore, we believe that dappOS still has a lot of growth potential that deserves attention.
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