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Abstract (ETH)

What is Abstract?​

Abstract is a next-generation Layer 2 blockchain developed by Igloo Inc., the parent company of Pudgy Penguins. It is designed with a consumer-first approach to simplify blockchain adoption.

Here are 5 key points about Abstract:

Ethereum Layer 2: Abstract is built on zkSync’s ZK stack and EigenDA, combining scalability with Ethereum-level security.

Chain abstraction: The Abstract Global Wallet (AGW) allows users to log in with passkeys or social accounts, removing technical barriers.

EVM compatibility: Developers can deploy Ethereum dApps without changes, ensuring smooth migration.

Focus on consumer apps: Prioritises gaming, social platforms, and entertainment before expanding into niche on-chain use cases.

Security and UX: Abstract integrates sharded key storage and streamlined interfaces to make onboarding easier.

Abstract on Wraith Wallet​

With Wraith Wallet, you can:

Store Abstract (ETH) securely.

Send and receive Abstract tokens natively.

📌 Note: Abstract has no separate native token. Ethereum (ETH) bridged onto Abstract is used for transaction fees.

What are ERC20 tokens on Abstract?​

ERC20 tokens on Abstract follow the same standards as on Ethereum but benefit from lower costs and faster confirmation times due to Layer 2 scaling.

How to get Abstract (ETH)​

Buy ETH on Abstract directly within Wraith Wallet.

Receive Abstract ETH using your unique Abstract address.

Enable Abstract via the Manage Token List if it’s not already visible.

⚠️ Important: Only send Abstract (ETH) to your Abstract address.

Transaction fees on Abstract​

Low and predictable: Gas costs are significantly reduced compared to Ethereum Layer 1.

Optimised for scale: Rollup and sidechain integrations keep fees minimal, even under heavy demand.

ETH-based fees: All transactions are paid in ETH on Abstract.

Checking balances​

Wraith Wallet connects directly to Abstract to show your ETH balance. You can also select View on Abscan to see your address and transaction history.

Abscan is the default Abstract explorer integrated with Wraith Wallet.

Why choose Wraith Wallet for Abstract?​

Multi-chain support: Manage Abstract alongside other major networks.

Self-custody security: Retain full control of your private keys.

Low-fee interactions: Optimised for fast and affordable transactions.

Summary Abstract represents a shift towards consumer-friendly blockchain adoption, combining zk-based scalability with simplified user onboarding. Wraith Wallet provides a secure and intuitive way to store, send, and manage Abstract ETH.

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