Omnichain Web: The Universal Framework for Streamlined Chain Abstraction and Cross-Layer Interaction

• URL: http://arxiv.org/abs/2411.10132v1
• Date: Fri, 15 Nov 2024 12:06:00 GMT
• Title: Omnichain Web: The Universal Framework for Streamlined Chain Abstraction and Cross-Layer Interaction
• Authors: Hardik Gajera, Akhil Reddy, Bhagath Reddy,
• Abstract summary: Omnichain Web introduces a comprehensive framework to unify decentralized networks through its core components. This ecosystem enables seamless cross-chain asset settlement, interoperability, and user-friendly decentralized application (dApp) development. By integrating advanced zero-knowledge proof systems and compatibility with AI agents, Omnichain Web empowers intent-driven and autonomous functionalities.
• Score: 0.0
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• Abstract: The evolution of the Web3 ecosystem has been hindered by fragmented liquidity and limited interoperability across Layer 1 (L1) and Layer 2 (L2) blockchains, which leads to inefficiencies and elevated costs. Omnichain Web addresses these challenges by introducing a comprehensive framework to unify decentralized networks through its core components: OmniRollups, Proof Network, Ragno Network, and Builder Marketplace. This ecosystem enables seamless cross-chain asset settlement, interoperability, and user-friendly decentralized application (dApp) development, driven by innovative technologies such as modular proof networks and trusted execution environments (TEEs). By integrating advanced zero-knowledge proof systems and compatibility with AI agents, Omnichain Web empowers intent-driven and autonomous functionalities, streamlining liquidity management and user interactions across blockchains. Furthermore, its decentralized marketplace for L1 infrastructure reduces operational overhead and promotes scalable, secure, and efficient cross-chain protocols. As a pioneering solution, Omnichain Web seamlessly connects Web2 and Web3, enabling a holistic and interconnected digital economy.

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