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Zach Rynes | CLG
Zach Rynes | CLG|Mar 02, 2025 13:50
Just another confirmation that all L1 gas tokens are going to be abstracted away for 99%+ of users A 100x improvement in blockchain UX doesn’t care about your ‘gas token is money’ investment thesis You can still manage dozens of unique gas tokens across hundreds of chains if you really want, but most users will just pay gas in the tokens they already have, most likely stablecoins Requiring a specific token to pay for blockchain gas will be seen as archaic as needing a phone line to access the internet, makes zero sense for today Chainlink Payment Abstraction is an acceptance of this reality, frontrunning the inevitable by enabling users to pay with any liquid token, while handling LINK conversion behind the scenes Major difference though is that LINK monetizes the adoption of any public/private chain, whereas L1 tokens only monetize the adoption of a single chain
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Timeline

Apr 01, 12:47【Mastercard establishes blockchain payment network】
Apr 01, 10:00【Peer to peer trading allows users to directly buy and sell encryption】
Apr 01, 03:50【Chainlink launches payment abstraction system】
Apr 01, 03:38【Discover highly complex attacks and exploit Chrome zero day vulnerabilities】
Apr 01, 02:01【BubbleMaps V2 drives value discovery in on chain data analysis】
Mar 31, 20:07【Payment abstraction eliminates the friction and complexity of chain services】
Mar 31, 19:40【Chainlink payment abstraction is live streamed on the main website】
Mar 31, 18:35【Exploration of Monetized Data on Chain】
Mar 31, 14:28【Transform strategy and adopt user owned artificial intelligence models】
Mar 31, 05:25【EnelGroup tokenizes solar panels】

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