Justin Goldston is a Supply Chain Partner at Environmental Resources Management (ERM), as well as a Faculty Member at Georgetown University. Read Justin Goldston's full executive profile here.
in June of 2022. As runways for Web3 projects continue to shrink due to the latest bear market, one question that continues to present itself at Web3 and blockchain conferences, media outlets and podcasts is, “What will bring in the next wave of users?”
One group that did not abandon the blockchain space was developers. Despite the absence of users, deployments on the Ethereum network are at an all-time high, according to. Given AI has addressed gaps experienced in the past, developers hope to trigger a Web3 revival in the near future.With organizations shifting from the metaverse and non-fungible tokens to AI, developers have also shifted focus on Web3 tooling to improve the much-needed user experience.
In an MPC setup, multiple participants each have private data. They aim to compute a public function on this data without revealing their individual inputs. For instance, three parties might want to determine the highest of their three salaries without disclosing their individual earnings. The goal of MPC is to design a protocol that allows them to achieve this without relying on a trusted third party.
In addressing one of the major qualms across several blockchain protocols, AA can significantly help improve user experiences. In one example, AA can allow for transaction bundling. In an operation such as the bundling of NFTs, an organization that would like to make transactions transparent on-chain to consumers can create a one-click process instead of requiring multiple transaction approvals with AA.
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