Abstraction Scalability

Abstraction scalability is the ability of a system to allow developers to reuse existing components as building blocks for new applications, without having to rewrite or understand them completely. It is a way of increasing the productivity and creativity of developers by reducing the complexity and redundancy of their work.

Abstraction scalability is important for web3, which is the emerging paradigm of decentralized applications that run on blockchain networks. Web3 aims to create a more open, fair, and secure internet, where users have more control over their data and identity. However, web3 is still a young and evolving ecosystem, and it lacks the rich set of abstractions that web2 (the current model of centralized applications) offers. Web3 developers face many challenges, such as interoperability, security, scalability, and user experience, that require them to write complex and low-level code.

To achieve abstraction scalability in web3, there is a need for more tools, libraries, frameworks, and standards that can simplify the development process and enable more collaboration and innovation. Some examples of existing or emerging abstractions in web3 are:

• Smart contracts: These are self-executing programs that run on a blockchain and enforce the rules of an agreement between parties. Smart contracts can be written in various languages, such as Solidity, Vyper, or Rust, and compiled to bytecode that can run on the Ethereum Virtual Machine (EVM) or other compatible platforms. Smart contracts can be used to create various applications, such as decentralized finance (DeFi), non-fungible tokens (NFTs), or decentralized autonomous organizations (DAOs).
• Layer 2 solutions: These are protocols that run on top of a blockchain and provide faster, cheaper, and more scalable transactions than the base layer. Layer 2 solutions use various techniques, such as sidechains, state channels, rollups, or plasma, to offload some of the computation or storage from the main chain, while still maintaining its security and decentralization. Layer 2 solutions can improve the user experience and performance of web3 applications, especially for high-frequency or low-value transactions.
• Web3.js and Ethers.js: These are JavaScript libraries that provide a convenient and consistent interface for interacting with Ethereum and other web3 platforms. They allow developers to easily connect to a node, send transactions, call smart contracts, sign messages, and access various web3 features. They also provide utilities for encoding, decoding, hashing, cryptography, and other common tasks.