Friday, November 22, 2024

Kontos: A Blueprint for Advancing Omnichain Infrastructure

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Kontos aims to enhance blockchain scalability with an innovative omnichain infrastructure that prioritises user experience. By using abstractions for chain, accounts, and gas, alongside a built-in bridge layer and artificial intelligence (AI) integrations, it provides a single platform for managing and trading assets across multiple chains.

Currently, web3′s complexity hinders its accessibility. Siloed chains require users to navigate complex processes, often needing chain-specific knowledge, multiple wallets, and assets on incompatible networks. For blockchain technology to achieve mass adoption, it needs to become as user-friendly as current web2 technologies.

Abstraction, which simplifies technical operations and hides them from users, offers a way to make blockchain more accessible. Abstracting core web3 functionalities like accounts, assets, and gas fees could make blockchain as easy to use as email, providing one account that can interact with dApps (decentralised apps) on multiple chains. However, this only masks the processes underpinning cross-chain transactions; it doesn’t simplify them. Built-in bridge layers mediate between chains, allowing the transfer of data and assets and creating a network of connected chains that can communicate efficiently.

Several protocols have emerged to offer web3 capabilities with a simplified front end, many using abstraction or built-in bridges. However, these solutions often have limitations, may create new layers of complexity, or introduce network vulnerabilities. For individuals accustomed to web2, they don’t all make web3 significantly more accessible.

Kontos’s omnichain infrastructure addresses these challenges. Powered by zero-knowledge (zk) technology, it offers an easily navigable interface that facilitates multi-chain transactions quickly and securely. The protocol combines chain, account, and gas abstraction with a built-in bridge layer to enhance user experience and ensure safety. Users have a single account with a memorable name that acts as a central control point for all wallets on supported chains, eliminating the need to remember multiple keys or mnemonic phrases.

Gas fee abstraction automates the payment of gas fees and allows Kontos users to settle them in any asset in their account, removing the need to hold $ETH to purchase assets on Ethereum. Kontos integrates these abstractions with its bridge abstraction layer (BAL), allowing users to make trades in any combination of supported assets. Designed specifically for its ecosystem, Kontos’ BALcombines zk-proofs with light client tech to ensure security. The result is a user-focused omnichain infrastructure.

Kontos’s AI module allows users to interact with the platform via text prompts and decodes user intent into on-chain tasks. This AI agent is currently available through its Telegram and Discord bots and its wallet interface. A simple question like, “What can I buy today?” generates a quick market analysis. Text prompts further simplify transactions; a user can ask to “buy $100 of $PEPE on Ethereum”, prompting the AI to automatically populate the trading interface, which can then be executed via a one-click confirmation.

Kontos is facilitating broader adoption by offering efficient cross-chain services within a unified protocol. Its use of AI will further extend usability, supporting the transition of blockchain technology into everyday use. For more details, our upcoming report will explore how Kontos’s use of innovative zk technologies and AI simplifies the multichain environment.

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