Introduction to Kontos: A zk-based L2 account protocol

Kontos
6 min readApr 25, 2023

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Kontos Overview

Blockchain technology has brought about many innovations in recent years, but one persistent challenge remains: the complexity of using and interacting with different blockchains. This is where Kontos comes in — a new layer-2 account protocol that aims to simplify the user experience and offer unprecedented levels of security. With its unique zero-knowledge architecture and innovative features, Kontos is poised to revolutionize the world of decentralized finance and beyond.

1. Why Kontos?

1.1 Navigating the Challenges of Interacting with Decentralized Applications

When it comes to interacting with a decentralized application (dApp), there are several steps involved that can be quite daunting for new users. The first step is to create an account on the blockchain network that the dApp is built on. This typically involves generating a unique mnemonic phrase that serves as your private key, which you must keep safe and secure. While many dApps offer the option to use an existing wallet, such as MetaMask, some require you to create a new account from scratch.

Once you have your account set up, the next step is to acquire the cryptocurrency or token that the dApp uses, e.g. gas token for the underlying blockchain. This can be a challenge for those who are new to the world of cryptocurrency. You can either convert fiat money to crypto through an exchange such as Binance, a centralized exchange (CEX) or use an over-the-counter (OTC) service.

Managing multiple chains and assets across them can also be a significant pain point for users. Some dApps operate on a single blockchain, while others may support multiple chains. This can make it challenging to keep track of all your assets and navigate between different networks. Moreover, the process of transferring tokens between different chains can be complicated and time-consuming.

Another issue that users may encounter is cross-chain interoperability. This refers to the ability of different blockchain networks to communicate and exchange data with each other. While there are several solutions being developed to address this challenge, such as bridge protocols and cross-chain swaps, the process can still be quite complicated for the average user. Overall, interacting with a dApp can be a challenging experience, especially for those who are new to the world of decentralized finance.

1.2 Could we use one account and one asset for all blockchains?

Kontos: The Solution to Managing Multichains and Assets Across Different Blockchains

One of the biggest challenges facing users of blockchain technology is the need to manage multiple accounts and assets across different networks. This can be a significant barrier to entry for those who are new to the world of decentralized finance, as it requires a level of technical expertise and knowledge of the various blockchain networks. The question arises. Could we use one account and one asset for all blockchains?

3 Steps to create an account on Kontos

Kontos, a revolutionary layer-2 account protocol, seeks to address this challenge by offering a single account for multiple blockchains, providing a seamless and user-friendly experience for users. With its advanced zero-knowledge architecture and innovative features, Kontos is poised to transform the way users interact with decentralized applications and pave the way for a more accessible and inclusive Web3.

2. What is Kontos

Kontos is a groundbreaking layer-2 account protocol that leverages zero-knowledge technology to offer unparalleled security and a seamless user experience. Its advanced architecture enables gas-less transactions, asset-less operations, and key-less security, making it easier than ever for users to interact with multiple blockchains. By providing a single account for all their needs, Kontos streamlines the usability of blockchain-based applications and serves as a gateway to the world of Web3. With these cutting-edge features, Kontos is poised to revolutionize the traditional blockchain ecosystem and pave the way for a decentralized future.

2.1 Key features of Kontos

One account and one asset for all chains

Can you imagine having just one account and one asset for all blockchain networks? Kontos is a revolutionary layer-2 account protocol that enables just that. It is designed to address some of the most significant pain points for blockchain users, including the need to manage multiple accounts and assets across different networks. With its advanced architecture and unique features, Kontos is paving the way for a more accessible and inclusive Web3.

Readable Addresses and Social Recovery

One of the most innovative features of Kontos is its readable address system. Traditional blockchain addresses can be long and difficult to remember, making them prone to errors. Kontos addresses are human-readable, making them easier to remember and share. Additionally, Kontos offers a social recovery mechanism that allows users to recover their accounts in the event of, e.g. a lost or stolen device by relying on trusted friends and family members. This provides an added layer of security and peace of mind for users.

Great Capital Utilization and Low Gas Fees

Kontos is designed to help users maximize their capital utilization. There is a role called Broker who is responsible for helping a user pre-pay and pay for the gas whenever a user wants to make a cross-chain transaction or a native transaction call on other blockchains. You can take Broker as gas and asset station. Thus, users can use their one specific asset to interact with different blockchains. Additionally, Kontos offers low gas fees, which means users can transact on different networks without worrying about high fees.

Phone as a Hardware Wallet and Higher Security Model

Kontos offers an innovative solution for hardware wallets by allowing users to use their phone as a hardware wallet. This eliminates the need to purchase additional hardware wallets, making it more affordable and accessible for users.

Moreover, Kontos takes security seriously and has implemented measures to ensure that users’ assets are safe. One of the ways Kontos achieves a higher security model is by deriving its security level from the layer-1 blockchains.

By using layer-1 security measures as a foundation, Kontos is able to provide a secure environment for users to conduct transactions and manage their assets. Additionally, Kontos employs a light-client based cross-chain communication system, which ensures that all cross-chain transactions are secure and tamper-proof.

In conclusion, Kontos is a game-changer for the blockchain ecosystem, offering a single account for multiple blockchains, readable addresses, great capital utilization, low gas fees, phone as hardware wallet, social recovery, and a higher security model. With these features, Kontos simplifies the usability of blockchain-based applications and provides an easy entry point into the world of Web3. As we move towards a more decentralized future, Kontos is paving the way for a more inclusive and accessible Web3.

3. Roadmap

The team is committed to developing a protocol that is accessible, user-friendly, and secure. Here’s a look at the roadmap for Kontos in the year 2023:

2023 Q1:

  • Kontos Protocol Testnet launch, bringing us one step closer to a seamless account protocol.

2023 Q2:

  • Adding support for 5+ chains/layer-2s, expanding our network compatibility.
  • Kontos Protocol Baby Alpha Mainnet launch, a significant milestone in our journey.
  • Introduction of Kontos Wallet Alpha Version, providing users with a powerful and user-friendly wallet experience.

2023 Q3:

  • Expanding support to 10+ chains/layer-2s, offering even more flexibility and options.
  • Incentive Programs to reward our growing community.
  • Targeting 200K Monthly Active Users (MAU).
  • Launching OTC Service, allowing users to make payments with Visa, ApplePay, Paypal, and more.
  • Introducing a Lender Model to lower the Broker threshold, increase user income, and optimize capital utilization.

2023 Q4:

  • Supporting 15+ chains/layer-2s, further enhancing our interoperability.
  • Aiming for 400K Monthly Active Users (MAU).

In conclusion, the roadmap for Kontos outlines an ambitious plan for the development of the protocol this year. With a focus on usability, accessibility, and security, Kontos is poised to revolutionize the way users interact with blockchain networks.

About Kontos

Twitter: https://twitter.com/Kontosio
Medium: https://kontosio.medium.com/
Website: https://www.kontos.io/

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Kontos
Kontos

Written by Kontos

A Zero-knowledge based Layer-2 Account Protocol

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