MathChain: SmartWallet AppChain based on Substrate
Keywords: Substrate, SerectStore, EVM, SmartWallet, DappStore, DataStore
MathChain is a SmartWallet AppChain based on Substrate for massive adoption, go-to-market and inclusive blockchain applications.
To reach this goal, we saw problems in below 4 areas at the current stage:
Security Cost The annual cost of securing major chains (e.g. Cosmos, Tezos and EOS) is in the tens of millions of USD per year, with Ethereum and Bitcoin in the billions.
Performance If we need a permissionless environment like Ethereum, we need to endure 12 TPS and very high gas fee.
Privacy The distributed aspect of a blockchain means that each full node that processes transactions and builds the blockchain necessarily has access to the blockchain transaction data itself. In a cryptocurrency like bitcoin, this means that the blockchain is publicly available and every transaction can be traced back to the first genesis block.
We need evolution of crypto wallet so that it is not for whales store crypto only, but for more and more users to use them in daily life.
Because these problems, we saw more off-chain & centralized system instead of on-chain system when the application need better user experience.
We believe the future of blockchain is for massive adoption. And for MathChain, here are the solutions:
The goal is to provide account / performance / infrastructure readiness and allows web 2.0 platforms can be easily connected to the web 3.0 eco-system without scarifying user experience.