Come back twice as strong? Explore the "Intent" paradigm in the Ethereum ecosystem

Written by PSE Trading Analyst @Calvin

Think of the “intent” layer as a big box, everyone’s “needs” are thrown in, and the “intent layer” matches these requirements to each other, locking in the overall optimal or shortest path. At the end of the process, every need is met, simplifying operations while significantly improving system efficiency and effectiveness.

! [Like a tiger with wings?] Explore the “Intent” paradigm in the Ethereum ecosystem] (https://cdn-img.panewslab.com//panews/2022/10/23/images/07314d0fe7059cd4105258b0b1d62361.)

This is an intuitive interpretation of “intent”.

This article will explore the significance of “Intent” in the Ethereum landscape and its possible impact in the future.

Mass Adoption – the core meaning of Intent that will eventually land

“Mass Adoption”, or “ETH mass adoption or widespread adoption”, is an important topic of discussion at this year’s ETHCC in Paris, because the large-scale adoption of ETH “ETH Mass Adoption” is not only a symbol of its technological maturity entering the next stage, but also a symbol of its further improvement of its influence on the future digital society.

Although DeFi is innovative, its popularity and expansion have certain limits due to its complexity and high threshold. Even driven by speculative factors, relatively few people are truly interested in and engaged in DeFi. This means that if DeFi is used as the core of the expansion of the blockchain ecosystem, it will one day encounter bottlenecks.

Future adoption is likely to come not by interacting directly with DeFi platforms, but through more user-friendly interfaces, such as mobile wallets, acting as intermediaries for interacting with DeFi.

“Intent” - the meaning layer will greatly reduce everyone’s operation threshold, which is also the core meaning of Intent will eventually be promoted.

Simplify complex operations and interaction processes on the blockchain to make it more user-friendly. Specifically, it attempts to combine multiple steps or operations into a simple, intuitive action by optimizing protocols and infrastructure so that users can more easily achieve their goals.

! [Like a tiger with wings?] Explore the “Intent” paradigm in the Ethereum ecosystem] (https://cdn-img.panewslab.com//panews/2022/10/23/images/7aaf6e2ae8d24af42dbc2a282e87f55a.)

Intent Three Definitions - Delineate the boundaries of Intent

After intuitively understanding the intent, it is necessary to define the intent and delineate the scope:

Focus on “Results” rather than “Specified Processes”**

The “Intent” project allows users to specify the intent of a transaction or operation by means of a statement, rather than a specific execution step. Such statements should be clear, unambiguous and understandable and enforceable by the system or service provider.

Execute Delegation

The “Intent” project provides a mechanism that allows users to delegate the execution of intentions to a system, smart contract, or third-party service provider. Whether automated or manual, the execution process should be in line with the user’s original intent and provide sufficient flexibility and room for optimization where appropriate.

Verifiable results

The “Intent” project shall ensure that the results of transactions or operations are verifiable and traceable, so that users and interested parties can clearly understand and verify the execution of intentions, and ensure that the final results meet the expectations of users.

Intent-cent’s architecture acts as an intermediate layer between users and the DeFi infrastructure, greatly simplifying the user experience and lowering the barrier to entry, while effectively capturing and executing user intent. This not only helps expand DeFi’s user base, but also provides a whole new direction for future decentralized finance applications.

! [Like a tiger with wings?] Explore the “Intent” paradigm in the Ethereum ecosystem] (https://cdn-img.panewslab.com//panews/2022/10/23/images/9dff2ac6c3d4db0169e3bb2a21b48567.)

The three meanings of intent

The emergence of the term “Intent” allows us to describe and understand some elusive ideas more clearly and accurately.

Amoma’s white paper is full of abstract descriptions, 1inch Fusion struggles to articulate its core philosophy, and Cowswap is at a loss when it comes to positioning itself. However, the emergence of the word “Intent” provides a clear indication of these issues.

Now, when we talk about Amoma’s design philosophy, 1inch Fusion’s transaction solution, or Cowswap’s trading model, we have a common and clear word, “Intent”, to accurately describe and communicate. Through this term, we can not only better understand the core ideas of each project, but also achieve more accurate and efficient communication in discussions and research.

But I think as the community discusses “Intent” deepens, quietly grows, and the three meanings that have been revealed become clearer.

Tier 1: Operational simplification

In the world of Ethereum, users are often faced with complex and specialized operations. “Intent” came into being to simplify these operations, allowing users to express their needs more directly, without having to deeply understand the complex technical details behind them. For example, the user only needs to express the goal they want to accomplish, and the system will automatically complete the corresponding action.

Layer 2: On-chain resource optimization

Expanding the gaze from the individual to the entire network, the meaning of “Intent” is sublimated to the optimization of on-chain resources. It helps the Ethereum network use its resources more efficiently by intelligently or competitively provisioning and executing transactions by service providers. This not only improves the efficiency of transactions, but also provides support for the stable operation of the entire network.

Tier 3: Lower the barrier to use and promote mass adoption

The ultimate goal of “Intent” is to make Ethereum easy for more people to use and lower the threshold for use. By simplifying operations and optimizing resources, it allows ordinary non-tech-savvy users to participate in the Ethereum network. This simplification and optimization paves the way for the mass adoption of Ethereum, allowing more people to enjoy the convenience of blockchain technology.

In short, “Intent” starts from simplifying individual operations and gradually expands to optimize network resources, with the ultimate goal of lowering the threshold for Ethereum use and promoting it to a wider public. Every level of it is designed to make Ethereum better and easier to use.

! [Like a tiger with wings?] Explore the “Intent” paradigm in the Ethereum ecosystem] (https://cdn-img.panewslab.com//panews/2022/10/23/images/2782616be3867f75253020cfb5073b40.)

Rethink the future on-chain ecology in the context of “intent”

In the context of “intent”, the on-chain ecology will be further expanded and enriched in the future. This new paradigm makes the blockchain ecosystem not just a cold technical network, but a living system that understands and responds to user needs.

Under this novel framework, users no longer need to choose an entrance, and their intentions are accurately identified by applications such as AA Wallet and directed to the optimal path. At the same time, blockchain protocols are beginning to shift the focus to product power, and only those that can provide the best path to solution will gain market acceptance and use. With the increase of high-quality products and protocols, the Matthew effect gradually emerged, and those protocols that could not meet the market demand began to gradually wither, showing a strictness of natural selection.

This paradigm of centralization of intent also affects the development of blockchain protocols and applications. Developers are beginning to design and optimize their products from the user’s perspective to ensure that they meet the actual needs of users. For example, new blockchain protocols may focus more on how to simplify the transaction process, increase transaction speed, reduce transaction costs, etc., to attract more users. At the same time, app developers may also be more concerned about how to provide a more user-friendly and user-friendly interface, and how to automate user intent through technologies such as smart contracts.

With the promotion of the paradigm of centralization of intent, we also see multiple possibilities of blockchain technology. Decentralized finance (DeFi), for example, can provide more personalized financial services by understanding users’ investment intentions. At the same time, supply chain management, identity verification and many other application areas will also benefit from this new paradigm.

However, as the “intent” paradigm spreads, it may also bring some new challenges. For example, how to accurately identify and understand the user’s intent, how to ensure the privacy and security of the user’s intent, and how to effectively realize the user’s intention through technology are all issues worthy of in-depth study and discussion.

The rethinking of the future on-chain ecology in the context of “intent” shows us a more humane, efficient and orderly blockchain future. In this future, technology is no longer cold code and protocols, but intelligent assistants that understand and respond to human needs.

! [Like a tiger with wings?] Explore the “Intent” paradigm in the Ethereum ecosystem] (https://cdn-img.panewslab.com//panews/2022/10/23/images/6c6075c5926dc8591f7732f5dcea9442.)

AA wallets are also a kind of intent

In the context of “Intent”, understanding AA wallet is not just a static account management tool, but also a transmitter and executor of user intent. Its existence, not only to solve a specific technical problem, but to convey the user’s deep on-chain needs and willingness, will provide a more direct and natural way of interaction in the world of Ethereum.

Although AA Wallet has been designated as a “rights regression” project for ETH Foundation, it is done by ETH core developers.

Before “Intent” came along, it was difficult to find the right angle to express its true value. Only V God has mentioned it in public speeches many times, and everyone still feels very far away and seems to understand it.

However, with the advent of the concept of “Intent”, AA Wallet finally found its kind, finding a new language to describe and understand it. It is no longer an isolated entity, but has become an important part of the “intention-driven” design philosophy, becoming an important bridge between users and the Ethereum world.

The story of AA wallet is not just a story of technology, but a story of understanding, expression, expansion and connection. In this sense, the emergence of AA wallet is not only an important milestone in the Ethereum ecosystem, it means that the Ethereum ecosystem has begun to mature and expand, the infrastructure has been basically perfected, and it is open to the majority of users and actively embraces a new stage of innovation and diversity.

Not just to attract more users, but also to realize Ethereum’s long-term vision of becoming an open, decentralized, and widely used global platform. Every new user joining is a recognition and promotion of this vision. AA Wallet has become an important bridge connecting users and Ethereum, providing users with a friendly entrance with its simple and direct interaction, allowing them to easily explore the rich possibilities of Ethereum.

Summary

After exploring the profound meaning of “intent”, we can get a glimpse of the future direction of blockchain technology and the Ethereum ecosystem. “Intent” is not just a technical concept, it plays a central role in creating a more humane, efficient and orderly digital future. It calls for a new design concept that puts the real needs of users at the center, optimizes on-chain resources by simplifying operations, and ultimately achieves the goal of mass adoption. The expansion of each level shows the footprint of the continuous maturity of the Ethereum ecosystem.

In this context, understanding AA wallet is the concrete embodiment and practice of the concept of “Intent”. It is no longer just an account management tool, but has become a transmitter and executor of user intent, and an important bridge between users and the Ethereum world.