Question 1

What is Self Chain (SLF)?

Accepted Answer

Self Chain (SLF) is a Layer 1 blockchain that focuses on simplifying blockchain interactions by providing modular intent-centric access and a keyless wallet infrastructure. This innovative system utilises technologies like Multi-Party Computation Threshold Signature Schemes (MPC-TSS) and Account Abstraction (AA) to allow seamless, secure, and user-friendly access to multiple Web3 networks. Self Chain prioritises self-custody by offering keyless wallets, simplifying asset management, and enhancing user experience. The blockchain is designed to be interoperable, facilitating cross-chain interactions while improving security and reducing transaction costs.

Question 2

What is Self Chain (SLF) used for?

Accepted Answer

Self Chain's native token, SLF, powers the entire ecosystem. It is used to pay for network fees (such as gas fees) and rewards validators through its Proof-of-Stake (PoS) consensus mechanism. SLF can also be staked by holders to participate in governance, where they can vote on network upgrades and proposals. Additionally, Self Chain automates rewards for decentralised applications (dApps) that successfully execute user intentions, promoting a more effective and user-friendly blockchain experience. The platform aims to support multiple use cases, including decentralised finance (DeFi), GameFi, and other applications where secure and efficient user interaction with the blockchain is critical.

Question 3

Who created Self Chain (SLF)?

Accepted Answer

Self Chain was developed by the team at Frontier, a multi-chain, self-custody wallet project. Frontier has a strong background in supporting over 100 blockchains and thousands of tokens.