What is Abstract?
Abstract is a Layer 2 (L2) scaling solution for Ethereum that uses zero-knowledge (ZK) rollups to enhance the blockchain's scalability. By processing transactions off-chain, batching them, and verifying these batches on Ethereum via ZK proofs, Abstract can offer faster transactions with significantly lower fees. Since it is EVM-compatible, developers can migrate or deploy Ethereum-based smart contracts on Abstract with minimal modifications. This combination of scalability and compatibility makes Abstract suitable for consumer-facing blockchain applications that require high throughput and low transaction costs.
