Crypto author on what XRP Ledger needs to attain mass adoption

Renowned cryptocurrency author Panos Mekras attracted the attention of the Ripple community, highlighting in-build account abstraction as what XRP Ledger needs for mass adoption.

The XRP Ledger needs a built-in account abstraction solution! The main solution that will lead to mass adoption.

A solution that can allow an account (especially useful for projects) to pay for tx fees and reserves for other accounts, and maybe even reduce or remove completely…

— Panos 🔼{X} (@panosmek) April 28, 2024

Mekras emphasized that XRPL should integrate an in-build account abstraction feature. It will allow accounts to pay transaction charges and reserves for different accounts.

Moreover, the new solution can lower or dismiss some reserves that hinder apps from onboarding users smoothly.

The crypto enthusiasts noted that the current Ripple Ledger restricts XRPL apps, challenging projects looking to onboard massive users while maintaining the Ledger’s privacy.

Mekras believes that while most users don’t care about the underlying tech, global adoption will be unattainable without enormous infrastructural developments.

Meanwhile, users focus on superior alternatives, problem-solving, and functionality.

Removing user obstacles

Mekras reiterated that account abstraction is essential for the entire digital asset industry.

The solution helps chain or dApp users escape the complexity of interacting with blockchain activities, including handling seed phrases, massive transactions, and gas payment obstacles when using the native token.

“We need to simplify the Web3 user experience and enable users to use dApps without worrying about chains, wallets & private keys, accounts, fees, and all the complexities of blockchain.”

Crypto community supports proposed solution

Enthusiasts showed optimism about the account abstraction feature on XRP Ledger. For instance, it will alleviate cases of losing access to cryptocurrency wallets. Further, inheritors can retrieve the assets in case a user dies.

It will remove all of the fear of losing access to crypto wallets and even in the case of a sudden death the next of kin/inheritors will be able to recover the assets.
Best thing about it is that it works for hard wallets such as Trezor and Ledger and doesn't compromise security.

— Khaled Elawadi.XRP (@KhaledElawadi) April 29, 2024

Amidst the developments, attention shifted to XRP prices. The altcoin showed weakness amid the latest SEC updates.

Ripple’s native token lost 3% in the past day to trade at $0.5079, down 5% over the last seven days.

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