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Educational Post
Chain abstraction is NEAR’s idea of simplifying how users interact with blockchain technology by separating it from the user experience (UX). The goal is that users should not be aware of the specific blockchain they are interacting with or even realize that they are using a blockchain.

How Does Chain Abstraction Work?

Efficiency
Imagine if you could only send messages from an iPhone to another iPhone but not to Android phones. That would be inefficient and impractical. Similarly, users should be able to interact with decentralized applications (DApps) across different blockchains without unnecessary hurdles.
The goal of chain abstraction is to remove or hide the complexities of blockchain technology, allowing users to focus on the functionality and benefits of the DApps they use. For instance, if Sarah wants to use a new DApp called XYZ, she should not have to worry about which blockchain it is built on. From a user perspective, she just wants it to work well and fulfill its purpose.
Similarly, millions of people use the internet every day, but only a smaller percentage understand the technology behind it and how it works. As long as it works as intended and adds value to users, there is no reason for the average user to fully grasp its technical details.

2. Transactions
Imagine using a DApp that allows you to easily transact across multiple networks and navigate different services. For instance, imagine that Ade opens the XYZ app on her phone, orders a coffee, and sees a discount for her favorite clothing store. He buys a pair of shoes, earning rewards that are stored as non-fungible tokens (NFTs) on Ethereum. Later, he notices a special offer tied to his reward and buys tickets to an event, which are also NFTs, but on BNB Smart Chain (BSC).
All these transactions could happen in a single app, removing the need for Ade to manage multiple wallets, switch networks, or directly handle transaction fees. This level of cross-chain interaction is the ultimate goal of chain abstraction.
#EducateYourself #readandearn $BTC $USDC

"I MADE $10 MILLION IN BITCOIN... AND LOST IT ALL."
I've heard this story more times than I can count.
Someone makes a fortune in crypto.
Then they're broke two years later.
How does that happen?
Because Bitcoin didn't teach them how money actually works.
Let me explain...
I'VE BEEN STUDYING MONEY LONGER THAN MOST CRYPTO INVESTORS HAVE BEEN ALIVE
Not because I'm smarter.
Because I had a teacher who saw the future before it happened.
His name was Buckminster Fuller.
In 1981, Fuller wrote a book called Critical Path.
He predicted:
✓ The fall of communism
✓ The rise of the Internet
✓ The collapse of major institutions
✓ And the birth of electronic currency
He didn't call it Bitcoin.
But he described it perfectly.
And he warned me:
"You're peeing in the ocean of money and calling yourself rich."
HERE'S WHAT CRYPTO GUYS DON'T GET
Bitcoin is a commodity.
Same as gold, silver, oil.
✅ Good for storing value
✅ Good for protection
✅ Good for sovereignty
But real wealth happens far above Bitcoin:
- Business systems
- Cash flow
- Real estate
- Tax strategy
- Debt (used correctly)
Most crypto guys don't know any of that.
Here's what they do instead:
Buy a coin
Watch the price go up
Sell at the peak (or think they did)
Pay 30-40% in capital gains taxes
Buy a Lambo (a liability)
Call it "success"
That's not success.
That's luck... followed by a trap.
WHY THEY GO BROKE?
The moment you sell, the government takes 30-40%.
Then you buy liabilities that drain cash flow.
You think you "made it."
So you stop learning.
That's the killer.
Bitcoin didn't teach you:
✓ How to build cash-flowing businesses
✓ How to use debt to buy assets
✓ How to minimize taxes legally
✓ How to create systems that work without you
Bitcoin opened the door.
If you stop there, you're still standing outside.
HERE'S THE MATH:
You make $1 million in crypto.
Pay $400,000 in taxes.
Spend $500,000 on liabilities (cars, houses, toys).
End up with $100,000.
I've seen it a hundred times.
Two years later, they're asking, "Where did all my money go?"
THE WORLD OF MONEY IS MASSIVE
Bitcoin is one room.
The rich understand:
- Business systems
- Real estate
- Tax strategy
- Debt as leverage
- Cash flow structures
Most Bitcoin guys only know:
"Number go up."
That's gambling. Not wealth.
BITCOIN DIDN'T MAKE YOU RICH
It showed you how SMALL your definition of "rich" really was.
Most crypto guys are celebrating one wave.
The rich are controlling the tides.
The broke keep watching charts.
The wealthy learn the whole game.
Where do you want to be?
👉 I break down the full strategy in my latest video – link in the comments.
Watch it if you want to understand how to turn crypto gains into REAL wealth.
The broke keep staring at price charts.
The wealthy learn the system.
#Robertkiyosaki #speech #readandearn #Write2Earn #Day75 $SOL