In-depth explanation of Self Chain: Intent-centric modular Layer 1 Blockchain

The rapid development of blockchain technology has brought unprecedented possibilities to all walks of life, and is widely used in finance, gaming, logistics traceability and other fields. In particular, with the continuous advancement of regulatory compliance, this emerging technology has gradually begun to be understood and accepted by the mainstream. However, there are still many unavoidable key challenges in the process of large-scale adoption, such as the security of Private Key management, the high barrier to entry for interaction with Decentralization Applications (Dapps), and the complexity of Cross-Chain Interaction, which have seriously hindered the widespread adoption of blockchain technology.

Self Chain's vision is to drop the barriers for users to use blockchain and make the Web3 ecosystem more accessible to different users. By introducing a modular, intent-centric access layer and pairing it with a Wallet infrastructure service without Secret Key, Self Chain aims to address core challenges such as usability, security, and interoperability, maximize user experience, and promote the democratization of Decentralization technology access.

What is Self Chain?

Self Chain, formerly known as Frontier, was a Wallet project. In mid-January of this year, the original team initiated a proposal to rebrand the project within the community. After receiving 100% of the votes, it successfully upgraded to a Layer 1 blockchain based on Cosmos-SDK. The project's Token was also renamed from the original FRONT to SELF, and then changed again to SLF in early May to further enhance brand recognition.

The reason why Self Chain is undergoing a strategic transformation is because the team has realized the many challenges faced in implementing Block chain technology more widely adopted during the development of Wallet solutions. These difficulties include:

Complex Private Key management: Users are unable to properly store Private Keys or seed phrases, making Private Keys susceptible to security risks such as Phishing and theft;
Steep learning curve of Decentralized applications (Dapps): For Newbies, the learning curve of professional terms such as Wallet, Token, Blockchain, etc. is high, and there is a lack of intuitive interfaces and seamless interactions;
Mainstream application barriers: mainstream cognitive barriers to new technologies, technical barriers, barriers to secure use, etc;

4）Lack of interoperability: The blockchain ecosystems are isolated from each other, resulting in assets or data being unable to achieve seamless transmission between different blockchains;

Limited development tools and resources: Different blockchain platforms have different standards, tools, and frameworks, severely lacking standardized tools friendly to developers.

Based on the above situation, Self Chain has introduced a comprehensive solution aimed at redefining the way users interact with decentralized applications and digital assets. By building a modular, intent-centric access L1 blockchain and keyless wallet infrastructure service, utilizing advanced technologies such as multi-party computation (MPC), threshold signature scheme (TSS), account abstraction (AA), etc., Self Chain attempts to simplify the blockchain experience, allowing both technical and non-technical users to seamlessly experience the Web3 world, while enhancing security and scalability.

Public information shows that the founder and CEO of Self Chain is Ravindra Kumar, who was previously the Chief Technology Officer of Woodstock, an emerging technology investment fund, and the Decentralized Finance portal InstaDApp. As for financing, Self Chain has received investment from Rana Capital, but the specific amount of financing has not been disclosed.

Self Chain Core Technology Architecture

The modular intent access and MPC-TSS keyless Wallet infrastructure is at the core of Self Chain. The team aims to use large language models (LLMs) to interpret user intent and automatically discover the most efficient transaction path for searchers. This approach significantly reduces the complexity of the technology, ensuring that blockchain interactions are as intuitive and direct as possible.

Intent-centered modular access

Intent narrative is becoming a new hot topic. Intent refers to the expected result and goals that users want to achieve without specifying the process details of how the result is achieved. For example, when using Decentralized Finance platform, users hope to maximize the profits of holding 10 ETH. Users do not need to think about how to operate, the platform will automatically help them formulate the best combination strategy to achieve their goals.

To some extent, intent-centric infrastructure will greatly simplify the interaction threshold between users and Blockchain technology, providing them with a seamless Web3 experience. Self Chain is integrating the concept of intent into the Blockchain architecture through a three-layer approach:

(Source: Self Chain)

Dapps Layer: This layer is used to collect user intentions, usually through a conversational large language model (LLM) user interface or simple forms.
Intent Search Layer: This layer captures user intentions and converts them into actionable Blockchain queries, finding the best way to satisfy user requests by searching various paths and options in the Self Chain network.
Intent Solver: The intent solver intervenes in the transaction once the intent has been securely signed through the TSS. It uses Smart Contracts and Dapps to address the user's intent, often providing an optimal path.

In this process, Self Chain's keyless Wallet and account abstraction functionality ensure that security is not compromised while simplifying the user experience. In addition, when Dapp effectively addresses user intent, the Self Chain system will also automatically reward the Dapp, thereby not only improving transaction efficiency, but also creating a positive feedback loop that benefits both users and developers.

MPC-TSS Non-Key Wallet Infrastructure

Wallet-as-a-Service (Wallet-as-a-Service) functionality is the architectural foundation of Self Chain, which eliminates the traditional complex Private Key management challenges by introducing a keyless Wallet system, greatly simplifying the user experience while ensuring the sufficient security protection of user assets.

Self Chain's Secret Key Wallet infrastructure adopts Multi-Party Computation (MPC) and Threshold Signature Scheme (TSS) to split the Private Key into multiple parts and distribute them to different Nodes. This method minimizes the risk of Secret Key leakage by avoiding single points of failure. The shared Secret Key will be regularly updated without changing the original Secret Key, further enhancing security.

In addition, users can also access their Wallet using familiar login methods such as social media accounts or biometric verification, while still maintaining a high level of security without the need for a seed phrase.

Self Chain Token Economic Model

SLF is the native Token of Self Chain, and it plays a crucial role in the network. The rights of token holders include: paying transaction fees, staking, participating in governance, and serving as the native collateral in the Self Chain ecosystem. In addition, SLF Token also supports a dynamic fee market, which can be used to incentivize validators in the fee market and for money laundering within the internal exchange.

The total supply of SLF is 3.6 billion, and the specific allocation ratio and distribution time are as follows:

(Source: Self Chain)

Migration Allocation (90 million, 25%): Supports FRONT Tokenholder to seamlessly migrate their Tokens to SLF;
Equity investor allocation (36 million, 10%, 36-month lock-up period): Early supporters of Self Chain;
validatorsNode/rise sales (100 million, 28%, 18-month lock-up period): Used to incentivize and expand the validators network, to continuously enhance the network Decentralization;
Ecosystem (68 million, 19%, releasing 1.5 million per month): Promote ecosystem development through subsidies and incentives;
Basic Node (36 million, 10%, permanently locked): The Self Chain Foundation will operate a set of basic Nodes to ensure the stability and functionality when Block is born;
Team (30 million, 8%, 6-year lock-up period): Self Chain team and core developers, to support long-term research, development, and ecosystem planning.

Latest data shows that the current circulating supply of SLF is 97 million. Due to the Proof of Stake mechanism adopted by Self Chain, validators can participate in block proposal and transaction validation by running a full Node, and obtain Token incentives through stake mechanism. Currently, there are a total of 99 validators on the Self Chain network, with 88 active validators. Among them, the top five validators by voting weight are all nodes of the Self Chain Foundation.

(Source: explorer.selfchain.io)

Self Chain Ecosystem Construction and Future Development

As the basic infrastructure of Wallet, Self Chain's keyless Wallet function not only provides users with powerful asset custody services, but also supports developers to integrate it into any project, achieving large-scale adoption. At the same time, Self Chain's complete set of clear and perfect development tools, such as SDK, documentation, etc., also pave the way for the prosperity and long-term construction of the entire ecosystem.

Take the GameFi field as an example. On the one hand, users can securely store, trade, and transfer in-game assets using the keyless Wallet of Self Chain; on the other hand, the Self Chain protocol supports Cross-Chain Interaction interoperability, allowing users to seamlessly manage their digital identity and assets between different games and blockchains, while ensuring user experience and improving flexibility and Liquidity of assets.

To ensure the successful launch of the Mainnet, Self Chain divided it into three strategic stages. In early June of this year, Self Chain Mainnet Stage 1 was successfully launched, and in mid-July, the team announced that all three stages have been completed smoothly.

According to the project roadmap, the team will launch the first Alpha version of the multi-chain keyless Wallet in the fourth quarter, and conduct public testing of the SDK for the Wallet. As for 2025, Self Chain will continue to focus on product development, such as: Wallet account abstraction and plugins, protocol intent resolver, intent SDK for Dapp and game integration, etc., further enhancing the user and developer experience.

Conclusion

Based on an intention-centric underlying architecture, keyless Wallet service, and a complete set of developer tools, the Self Chain solution attempts to redefine the interaction between users and blockchain, providing users with a seamless and enjoyable user experience, thus maximizing the potential of this innovative technology.

From the current stage of development, Self Chain is steadily advancing its product development after the Mainnet launch, in order to promote the development and prosperity of the ecosystem. However, the innovative technical architecture of Self Chain needs to undergo a long period of market testing, and the uncertainty in technical development is one of the challenges faced by the project. In addition, the current developer and user community of Self Chain is relatively small, lacking sufficient active participants, and the actual application cases are relatively scarce, temporarily unable to fully demonstrate the potential of the project.