✨Core Concepts

Account Abstraction

Account abstraction, most notably discussed in ERC-4337 by Vitalik Buterin himself, offers several benefits that enhance the Ethereum ecosystem. It allows for greater flexibility by separating the signature and validation process from the account, enabling smart contracts to handle transaction execution in a more tailored manner. This separation can simplify user experiences by making transactions more predictable and uniform across various wallets and services. Account abstraction can also lead to improved privacy and security by enabling more complex and customisable authentication methods. Furthermore, it paves the way for innovation by allowing developers to create new transaction types and logic without being constrained by existing account structures.

We leverage the fundamentals of account abstraction to setup fully managed digital accounts for users. While preserving complete control over their assets and spending, users are able to enjoy a neobank-grade UX within the wallet of their chosen DeFi app. Furthermore, with the introduction of transaction bundling and designated paymasters, we are able to optimise transaction costs, making the entire process more efficient and economical.

Learn more about Account Abstraction on ethereum.org and metamask.io

Escrow Smart Contracts

Blockchain transactions and traditional payment network transactions differ in their underlying mechanisms and attributes. Blockchain transactions are final and atomic, meaning that once they are confirmed, they cannot be altered or reversed, and all parts of the transaction are completed simultaneously. This provides a high level of security and integrity. On the other hand, traditional payment network transactions, like those in systems like Visa or MasterCard, often involve complex state machines. These transactions can pass through various stages such as authorization, clearing, and settlement, making the process more intricate and time-consuming. The presence of intermediaries, multiple checks, and potential reversals add layers of complexity to traditional transactions.

Escrow smart contracts help make it easier for blockchain networks to work with traditional payment networks. They hold money safely until everyone agrees that the conditions of a transaction have been met. This helps build trust between the parties involved. These smart contracts make it possible for blockchain systems to work with regular financial systems without needing a central authority. This can mean lower fees and faster payments. By using escrow smart contracts we build a trustless bridge offering convenience of traditional payments with enhanced security provided by blockchain.

Continuous Compliance Monitoring

As the digital asset landscape evolves, so do the rules and regulations governing its use. Implementing a system for continuous compliance monitoring helps in tracking and detecting any non-compliant activities in real time. This includes monitoring for fraudulent activity, adherence to Anti-Money Laundering (AML) laws, Know Your Customer (KYC) and Know Your Transaction (KYT) requirements. The process helps in minimising risks and ensures that both consumers and service providers are protected.

We provide continuous compliance monitoring for all transactions performed by your users, whether those transactions are on- or off-chain. This vigilant oversight ensures that all activities adhere to the relevant legal regulations and standards, creating a secure environment for both consumers and businesses. By offering this comprehensive service, we assist our partners in maintaining transparency, minimising risk and fostering trust within the complex landscape of both traditional and digital asset transactions.

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