DeBank will launch the DeBank Chain testnet today, and the mainnet will go live next year

ChainCatcher news, the one-stop DeFi wallet DeBank has announced the launch of DeBank Chain based on OP Stack, with the testnet going live today and the mainnet set to launch in 2024.

The development of DeBank Chain focuses on solving three key issues while maintaining strong security: reducing gas costs, providing a native experience similar to account abstraction, and ensuring the security of L1 assets.

Additionally, the consensus mechanism will be modified to reduce the gas cost of a single transaction by 100-400 times, accommodating high-frequency social interactions.

DeBank Chain aims to become a social asset layer, natively integrating a system similar to Account Abstraction at the chain level, allowing users to enjoy an experience close to Web2 while remaining 100% compatible with the current EVM standards.

The new account system supports dedicated L2 private key signed transactions, reducing the use of L1 private keys in social scenarios and enhancing the security of users' L1 assets.