{"id":"363tiDWblFQ","title":"Breaking down Chain Abstraction in 45 minutes with Illia Polosukhin Co-Founder of NEAR Protocol","description":"Welcome to the launch of Chain Abstracted, where we delve into the intricacies of chain abstraction and other blockchain technologies, including how NEAR Protocol is pioneering a coherent, multi-chain experience for users and developers alike. \n\nIn this first episode we break down Chain Abstraction in 45 minutes with\nIllia Polosukhin (Co-Founder of NEAR Protocol)   / ilblackdragon  \n\nWhat is it, who's it for, how it works, for normies, for devs, for founders... we talk about it all!\n\nSome takeaways.\n1. Chain abstraction aims to abstract away the complexities of different blockchain networks, allowing users to interact with multiple chains using a single NEAR wallet.\n2. Account aggregation enables users and smart contracts to transact on different chains.\n3. Chain abstraction is not the same as bridging. It keeps assets on their respective chains and brings the user's account to the desired chain, reducing the risks and complexities associated with bridging.\n4. NEAR's chain abstraction enables cross-chain swaps and the building of various applications on different chains.\n5. Founders can benefit from chain abstraction by reaching a wider user base and unlocking the value of their products.\n\nHosted by \nJared not Jerry   / jarednotjerry1   \nAltan Tutar   / mraltantutar  \n\nWebsite:\nhttps://chainabstracted.com/\n\nChapters\n00:00\nIntroduction to Chain Abstraction\n09:00\nLaunching Chains and the Power of Chain Abstraction\n24:55\nTrading Addresses and Expanding Possibilities\n43:29\nUnlocking Value for Founders with Chain Abstraction\n\n\nJoin NEAR's community:\nWebsite: https://near.org/\nTwitter:   / nearprotocol  \nBlog: https://near.org/blog/\nMedium:   / nearprotocol  \nReddit:   / nearprotocol  \nDiscord: https://near.chat/\nGitHub: https://github.com/near  https://github.com/nearprotocol\nDev Docs: https://docs.near.org/\nCreate a wallet: https://wallet.near.org/create\nLearn to Build On NEAR: https://www.near.university/\n#NEAR #nearprotocol #chainabstraction\n\nDISCLAIMER\n\nThe content herein is provided for educational, informational, and entertainment purposes only, and does not constitute an offer to sell or a solicitation of an offer to buy any securities, options, futures, or other derivatives related to securities in any jurisdiction, nor should not be relied upon as advice to buy, sell or hold any of the foregoing. This content is intended to be general in nature and is not specific to you, the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented without undertaking independent due diligence and consultation with a professional advisor.  NEAR Foundation and its agents, advisors, council members, officers and employees (the “Foundation Parties”) make no representation or warranties, expressed or implied, as to the accuracy of the information herein and expressly disclaims any and all liability that may be based on such information or any errors or omissions therein. The Foundation Parties shall have no liability whatsoever, under contract, tort, trust or otherwise, to any person arising from or related to the content or any use of the information contained herein by you or any of your representatives. All opinions expressed herein are the speakers’ own personal opinions and do not reflect the opinions of any entities.","channel_name":"NEAR Protocol","published_at":"2024-04-19T00:00:00.000Z","thumbnail_url":"https://img.youtube.com/vi/363tiDWblFQ/hqdefault.jpg","transcript_text":"Nothing we say here is investment advice, legal advice, life advice or representative of the views of the organization we are part of or affiliated with. See ChainAbstracted.com For more information.","transcript_synced_at":"2026-11-03T06:02:08.383Z","segments":[{"start_seconds":0,"text":"Nothing we say here is investment advice, legal advice, life advice or representative of the views of the organization we are part of or affiliated with.","url":"https://www.youtube.com/watch?v=363tiDWblFQ&t=0s"},{"start_seconds":7,"text":"See ChainAbstracted.com For more information.","url":"https://www.youtube.com/watch?v=363tiDWblFQ&t=7s"}],"youtube_url":"https://youtube.com/watch?v=363tiDWblFQ","url":"https://near-pedia.xyz/videos/363tiDWblFQ"}