PANews reported on January 27 that according to The Block, Ethereum Layer2 chain Abstract Chain has been launched on the mainnet and is open to the public. The blockchain is developed using ZKsync's ZK stack, which uses zero-knowledge aggregation to achieve low transaction fees and high scalability for on-chain applications. The network is designed with a focus on cultivating the crypto community and supporting consumer-oriented Web3 applications. The network provides native account abstraction, allowing wallets to run as smart contracts, and provides user-friendly features such as email or social login, recovery mechanisms, and password support.