Account abstraction will drive a billion users from Asia to Web3: ConsenSys exec
In addition to “smart accounts” Ethereum adoption will be boosted by Web3 gaming along with zkEVM scaling and security, says Laura Shi. Account abstraction , also known as “smart accounts” could eventually onboard a billion users from the Asia region to Web3, according to an executive at Ethereum software solutions provider ConsenSys. Speaking to Cointelegraph, the director of strategic initiatives at ConsenSys, Laura Shi, noted that the Ethereum and Web3 ecosystem has seen a strong expansion in Asia this year. “More dApps are improving UX for the Asian market, including introducing Asian language support,” she said. Shi added this expansion is primarily being driven by the introduction of zero knowledge Ethereum Virtual Machine (zkEVM) rollups and the mass adoption of Optimistic rollups. The two rollups are layer-2 scaling solutions with zkEVM offering developers security, scaling and direct compatibility with Ethereum smart contracts. Shi believes the development of account abstra...