Don't lose your seed phrase again w Chain Abstraction, HERE Wallet, MPC wallet
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About this video
Peter the CEO and co-founder of HERE Wallet and HOT Protocol discusses how NEAR's chain abstraction feature works with cryptocurrency management across multiple chains. Learn how to control and manage your accounts seamlessly, with insights from industry experts. #ChainAbstraction #CryptocurrencyManagement #NEARBlockchain #SmartContracts #DigitalAssets #CryptoTechnology #DecentralizedFinance #BlockchainInnovation #CryptoManagement #CryptocurrencyInsights #ChainAbstractedpod #NEARprotocol #HEREwallet #HOTprotocol
Transcript
179 wordsCaptions as YouTube publishes them, usually machine-generated, so product and people names can be misheard.
- 0:00
how you're thinking about sort of chain abstraction chain abstraction in general this is a way how you can control some account on the one chain by using a smart contract on Z chain for example imagine you have Bank of America and you can manage your money on Bank of America from your Chase Bank so you have only one entry point you have only one bank account and you can create and manage account on all different chain this is
- 0:25
what near call chain abstraction there's a different technology how you can operate with it uh the one of M is signature uh you solve the problem how you can create independent uh independent not to make this uh transaction different chains so um super simple the problem which we was in front of for the last 10 years if they're talking about Massy wallet Massy wallet means you can uh use a different no you you you don't want to keep your
- 0:54
seat phrase on your phone you can split it to the different po dats