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Consumer Crypto | Smart Contracts | Layer 2 Solutions 👉 Abstract Twitter: 👉 Abstract Discord: 👉 Best Hardware Wallet (Trezor): 👉 Get Your own Binance Account from Here: 🎬Watch our most recent videos: 🔥Day Trading Strategies 🔥 Is Cardano a good investment 2023?👇 🔥Crypto Gaming 🔥 What is The Highest Earning Play to Earn NFT Game?👇 _____________________________________________________________ Links mentioned in the video: ✅ Best Hardware Wallet (Ledger Nano): ✅ Best Hardware Wallet (Trezor): _____________________________________________________________ Welcome to our Consumer Crypto Video! Build Something Wonderful, OnChain. Abstract is the platform powering the next generation of consumer crypto. Overview: What is Abstract? A high-level overview of what Abstract is and how it works. Abstract is a Layer 2 (L2) network built on top of Ethereum, designed to securely power consumer-facing blockchain applications at scale with low fees and fast transaction speeds. Built on top of the ZK Stack, Abstract is a zero-knowledge (ZK) rollup built to be a more scalable alternative to Ethereum; it achieves this scalability by executing transactions off-chain, batching them together, and verifying batches of transactions on Ethereum using (ZK) proofs. Abstract is EVM compatible, meaning it looks and feels like Ethereum, but with lower gas fees and higher transaction throughput. Most existing smart contracts built for Ethereum will work out of the box on Abstract (with some differences), meaning developers can easily port applications to Abstract with minimal changes. Abstract is EVM compatible, however, there are differences between Abstract and Ethereum that enable more powerful user experiences. For developers, additional configuration may be required to accommodate these changes and take full advantage of Abstract’s capabilities. Abstract is a layer 2 (L2) blockchain that creates batches of transactions and posts them to Ethereum to inherit Ethereum’s security properties. Specifically, Abstract is a ZK Rollup built with the ZK stack. By posting and verifying batches of transactions on Ethereum, Abstract provides strong security guarantees while also enabling fast and cheap transactions. ____________________________________________________________ The above links may be affiliate links, when you click and purchase something, I could receive a little commission at no additional cost to you. This video is for informational purposes only. I'm not your financial advisor! Be aware Of Crypto/Trading Scams & Rug Pull Scams! The sole purpose of this Channel is to entertain and educate other users on their Crypto /Trading Journey. If you insist on getting Professional views, please contact a financial advisor. Any actions you make in accordance with my opinions and the content of this channel will not be held liable. Only investing in something you afford to lose is what I always say to our audience. Please do not buy or invest or create sudden decisions because of our Channel. Please always do your research before you take action. Crypto is very risky and it needs enough knowledge. Some videos on this Youtube Channel are Paid Promotions. This means the content creator was paid to make these videos! I hope you found value in our Consumer Crypto video. Make sure to leave a like on the video if you gained value from it! #Abstract #SmartContracts #crypto #Coin #Bitcoin #Today #BTC #Binance #Ethereum #ETH #Bitcoin #CryptoGuide #crypto #Ether #DigitalCurrency #BestCryptoExchange 👉👉 For Collaboration Contact Us At: collab@ 🔥 🔥 For More Crypto Projects Check Out Our Site: ________________________________________________________________________ ⏰Timestamps⏰ 00:00 Intro 00:12 Abstract 00:42 X account 02:09 Abstract's Docs 02:49 What's Abstract? 04:13 Socials 04:45 Summary 05:12 Outro
