| Roadmap🗺️ | Tokenomics📊 | Fundraising💰 | Docs📄 | Blog📰 |
|---|---|---|---|---|
Yes✅ | Yes✅ | Yes✅ | Yes✅ | Yes✅ |
TBA ⏳ | TBA ⏳ | $1.85M (Frontier) | GitBook | WebSite |
Testnet phases
Self Chain Incentivized Testnet 1 - Completed ✅
- Details: Registration — Opens Sep 11th 2023 Launch — Sep 20th 2023 Concludes — Oct 11th 2023 (3 weeks later) Duration: 3 weeks Eligible Validators: 100, first come first serve.
Self Chain Incentivized Testnet 2 - Completed ✅ - Details: Registration — Feb. 27th Launch — Feb. 29th Concludes — March. 29th (extended due to Code Audit)
What is Selfchain?
Is the first Modular Intent-Centric Access Layer1 blockchain and keyless wallet infrastructure service using MPC-TSS/AA for multi-chain Web3 access. The innovative system simplifies the user experience with its intent-focused approach, using LLM to interpret user intent and discover the most efficient paths.
Ensures that onboarding and recovery are effortless with keyless wallets that grant users complete self-custody over their assets. In addition, it provides automated rewards to dApps when they efficiently resolve user intent, further enhancing the user experience. Moreover, Self Chain incorporates Account Abstraction with MPC-TSS to provide secure signing and reduce transaction fees. It's a platform that redefines blockchain interaction, making it more secure and user-friendly for everyone.
Self Chain uses proof-of-stake consensus and ground-breaking technologies of Cosmos SDK. Cosmos SDK's developer-friendly environment empowers the Self Chain team to create innovative solutions tailored to the needs of non-technical investors. The framework offers a comprehensive set of tools, libraries, and documentation, simplifying the development process and accelerating feature implementation.
How Does It Work?
The Self Chain blockchain is a proof-of-stake blockchain, powered by the Cosmos SDK and secured by a system of verification called the Tedermint consensus.
The following process explains how Tendermint consensus works:
A validator called a proposer is chosen to submit a new block of transactions.
Validators vote in two rounds on whether they accept or reject the proposed block. If a block is rejected, a new proposer is selected and the process starts again.
If accepted, the block is signed and added to the chain.
The transaction fees from the block are distributed as staking rewards to validators and delegators. Proposers get rewarded extra for their participation.
The process repeats, adding new blocks of transactions to the chain. Each validator has a copy of all transactions made on the network, which they compare against the proposed block of transactions before voting. Because multiple independent validators take place in consensus voting, it is infeasible for any false block to be accepted. In this way, validators protect the integrity of the Self Chain blockchain and ensure the validity of each transaction.
Why Selfchain?
Here are five reasons why SelfChain stands out:
Modularity and Simplified Access: offers the world's first Modular Intent-Centric Access Layer1 blockchain and keyless wallet infrastructure service using MPC-TSS/AA for multi-chain Web3 access. The innovative system simplifies the user experience with its intent-focused approach, using LLM to interpret user intent and discover the most efficient paths.
Self-Custody over Assets: With keyless wallets, Self Chain ensures that users have complete self-custody over their assets, enhancing security and privacy.
Automated Rewards for dApps: provides automated rewards to dApps when they efficiently resolve user intent, further enhancing the user experience and stimulating ecosystem growth.
Security and Reduced Transaction Fees: Incorporating Account Abstraction with MPC-TSS ensures secure signing and reduces transaction fees, making Self Chain more cost-effective and appealing to users.
Built on Cosmos SDK: Self Chain utilizes the powerful technologies of Cosmos SDK, enabling the development of innovative solutions tailored to the needs of non-technical investors. The developer-friendly environment of Cosmos SDK simplifies the development process and accelerates feature implementation.
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