Router Cross-chain Intent Framework: Future Work and Impact
In a world bustling with thousands of cryptocurrencies operating on isolated blockchain networks, as highlighted in the EUOBF Interoperability Report 2023, the need for efficient cross-chain communication is more apparent than ever. This report underscores the evolving landscape of blockchain interoperability, revealing a diverse range of tools that enable the exchange and sharing of information across various blockchain networks, each selected based on specific outcomes, security needs, and chain characteristics.
Against this backdrop, our cross-chain intent framework emerges as a new, innovative tool and recognising that the true power of technology is realised when it’s easy and enjoyable to use, we’ve placed a strong emphasis on simplicity and a superior user experience (UX). We want it to be accessible and intuitive for everyone, regardless of their technical expertise or familiarity with blockchain technology.
Besides, it connects disparate blockchain networks and also enhances them with new functionalities tailored to meet specific interoperability needs while ensuring flexibility and security–and we have discussed this in our detailed exploration of the framework’s architecture and its diverse use cases. This blog will delve into its broader implications and future potential.
Bridging the user-blockchain communication gap
In our intent framework, we’ve streamlined the vast domain of intents into two distinct categories, making it easier for users to navigate and understand:
- Abstract Intents: These are the initial expressions of a user’s goals, often lacking specific details. For example, if a user says, “I want to stake USDC,” this shows their desire but omits crucial information like the blockchain network or the staking platform. This kind of intent is too broad and needs more details to become actionable.
- Executable Intents: These intents are well-defined and actionable. They include all necessary specifics, turning a user’s wish into a clear plan of action. For instance, the intent to “Stake 100 USDC from my Polygon wallet on a liquid staking platform on Ethereum” becomes executable when details like the amount, the blockchain network, and the staking platform are specified. Executable intents further break down into three subcategories:
- Stochastic Intents: These involve a degree of uncertainty in both the process and outcome. For example, staking 100 USDC on Ethereum could result in different types of tokens, depending on the chosen staking platform.
- Semi-deterministic Intents: The outcome is known, but the path to get there may vary. For instance, staking 100 USDC on Lido (Ethereum) will result in receiving stETH, but the transaction’s specifics, like the DEX used or the bridge for transferring funds, are not fixed.
- Deterministic Intents: Both the journey and the destination are predefined. An example is a user specifying each step in a process, like transferring USDC from Polygon to Ethereum and then staking it on a specific platform.
The next phase of development for our Cross-chain Intent Framework is centred on enhancing its capabilities to handle a broader range of intents, especially abstract and stochastic executable intents. This progression is crucial, as the current version of the framework is optimised for semi-deterministic or deterministic intents.
To address abstract and stochastic intents, Our team is actively developing an Intent Resolution Module (IRM). As the name suggests, this module will be used to resolve abstract user intents like programmable ones. To achieve this, the IRM will use a Large Language model.
This integration is a game-changer. The LLM’s role in the IRM is to transform abstract user intents into programmable ones, thereby bridging the gap between human conceptualisation and machine execution. This process involves interactive communication with users, where the system prompts for clarifications and additional details. This interaction ensures that the IRM can accurately delineate a semi-deterministic (or deterministic) intent to produce the desired outcome effectively.
Moreover, the IRM is designed to synergise with the Adapter Registry Module (ARM). This synergy is crucial for streamlining the framework’s efficiency. By utilising the ARM’s data, the IRM gains insights into the behaviour of each adapter, enabling it to arrange its positions strategically. This arrangement creates a more direct and efficient pathway for executing user intents. It’s a strategic move that enhances the framework’s functionality and significantly reduces the load on Intent Solvers.
These developments forecast a future where blockchain interoperability is not only about connecting networks but also about creating intelligent pathways that understand and execute user intents with unprecedented precision and efficiency.
With this, let’s move on to the new section, where we talk about the industry, efficiency, and environmental impact!
The Blockchain Industry needs it now more than ever!
According to a recent report by GMI, the Blockchain Interoperability Market, valued at USD 275.5 million in 2022, is expected to experience significant growth, with a projected CAGR of 26.8% from 2023 to 2032. This growth is largely attributed to the escalating demand for cross-chain asset transfer across enterprises. Router’s Intent Framework enters the scene at this pivotal moment, offering a much-needed solution to the challenges of blockchain complexity and fragmentation.
Demystifying Blockchain for the Masses:
By providing an intuitive interface within Router’s Intent Framework, we’re simplifying the user experience and democratising blockchain technology. Users no longer need to juggle multiple wallets or delve deep into various blockchain ecosystems. This leap in user-friendliness has the potential to broaden the appeal of blockchain technology, making it accessible to a much wider audience.
Bridging the DeFi Divide:
The framework has the potential to unify the disjointed world of blockchain, enhancing interoperability and functionality across the board. This holistic integration could significantly accelerate the adoption and development of cross-chain solutions, driving the DeFi sector towards a more cohesive future.
Redefining Smart Contract Usability:
The framework marks a paradigm shift in how we perceive smart contracts. By making them more user-friendly and adaptable, it opens doors to diverse applications–inviting a broader spectrum of innovators and users to the blockchain space.
Streamlining dApp Development:
The journey of developing new applications on blockchain platforms can often feel like navigating through a complex maze, especially for newcomers in the field. Recognising this challenge, Router’s Intent Framework steps in offering an array of streamlined tools and clear pathways. These resources are designed to simplify the process of creating blockchain applications, effectively lowering the technical hurdles that often stand in the way of innovation. By doing so, the Framework opens the door for projects, big and small, to develop and deploy their blockchain-based solutions more easily.
Maximising Efficiency and Minimizing Environmental Impact with Router’s Intent Framework
This section illuminates how Router’s Intent Framework bypasses the traditional boundaries, offering a glimpse into a world where technology and ecological responsibility go hand in hand, shaping a greener tomorrow.
Gas Efficiency:
Every blockchain transaction consumes energy, measured in ‘gas units’. In a traditional setup, a single transaction typically consumes 21,000 gas units. Router’s Intent Framework introduces a smart batching strategy, where consolidating three transactions into one can save a minimum of 42,000 gas units.
Mempool Optimization:
The mempool, a waiting area for transactions before they are confirmed, often becomes congested, leading to delays and increased gas prices. Router’s Intent Framework alleviates this pressure by batching multiple transactions into one, thus freeing up valuable space in the mempool–enhancing the efficiency of the mempool while moderating gas prices by reducing the competition for transaction inclusion.
Time Efficiency
Time is a critical factor in blockchain operations. The existing sequential process of transaction handling is time-consuming, as each transaction waits it’s turn for validation and inclusion in a block. Router’s Intent Framework transforms this process by consolidating multiple transactions into a single batch, significantly speeding up the workflow. This approach saves substantial time, as it requires only one mining operation compared to multiple operations in the traditional system.
Reducing Carbon Footprint:
The environmental impact of blockchain transactions is a growing concern. Citing an EY report, a single Ethereum transaction is equivalent to emitting 0.01 kg of CO2, which can be compared to the impact of 22 VISA transactions or two hours of YouTube streaming. By reducing the number of transactions through strategic batching, Router’s Intent Framework can significantly lower CO2 emissions. For instance, reducing 200,000 transactions could potentially offset 2000 kg of CO2, equating to the environmental impact of 44 million VISA transactions or four million hours of YouTube viewership.
Router CCIF is a beacon of hope and innovation in the blockchain world. The framework showcases how human creativity and technological innovation can work together to build a world that’s more connected, efficient, and sustainable. As we move forward, the framework’s potential to reshape the blockchain landscape and its impact on various industries and the environment continues to inspire and challenge us to think beyond what we know!
We invite you to stay connected with us for further updates and join our thriving community across our various social platforms.
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