Recap of Exclusive AMA: StealthEX and PillarX

September 19, 2024

Crypto World

Ana Rojas

StealthEX recently conducted an AMA session on X Spaces in collaboration with PillarX, and we’re excited to share the highlights with you.

• Host: StealthEX – instant cryptocurrency exchange.
• Guest: Luka, the Business Development Manager, who shared insights into PillarX’s mission, technology, and future plans.

AMA Questions from Twitter

Q1: Considering the technical complexity of account abstraction, what strategies does PillarX employ to educate its users on the benefits and implications of this technology? How do you ensure that users are aware of the underlying mechanisms without overwhelming them with information?

Luka: We aim to create simple “how-to” videos with clear steps to help users understand and benefit from account abstraction. These tutorials will make learning fun and practical while ensuring users grasp the technology without feeling overwhelmed. Our goal is to ensure users enjoy the benefits while gradually learning the underlying technology in a stress-free way.

Q2: In what ways does the PillarX ecosystem empower users to interact with decentralized applications (dApps) more effectively?

Luka: PillarX simplifies user interaction by eliminating wallet connection complexities with providers like WalletConnect. The platform is powered by Espo’s transaction kit, which streamlines web development by enabling transaction batching, cross-chain support, and gasless transactions. Additionally, PillarX offers tools to dApp developers, including account abstraction and smart account management, making interactions seamless and less complex.

Q3: How does PillarX plan to integrate with existing Web3 dApps, and what strategies are in place to ensure seamless interoperability within the PillarX ecosystem?

Luka: We’ve simplified wallet connections so that transactions are handled automatically through our transaction kit. For example, users can create smart accounts using social media logins like Discord, Twitter, Google, or Apple ID, or through traditional wallets like MetaMask. Once the user is on the PillarX platform, their wallet is automatically connected to dApps. We’re also working on partnerships with other projects to integrate more dApps into our ecosystem, making interoperability even smoother.

Q4: As a fintech startup, PillarX likely faces intense competition from established financial institutions and emerging players. What unique value proposition does PillarX offer that differentiates you from competitors and attracts customers?

Luka: PillarX stands out with its user-friendly and efficient experience, simplifying the control of assets and data. Key features include the PillarX Action Bar for easy transactions and dApp management, a mix and batch function that allows users to combine multiple transactions into one, and a built-in Web3 app store. We also offer real-time Web3 news with infinite scrolling, allowing users to stay informed while interacting with the platform.

Q5: PillarX includes UC759 modules for session keys, payments, airdrop claims, and more. How do these modular components enhance the flexibility and scalability of projects built on PillarX?

Luka: PillarX’s modular components act like plug-ins that extend the functionality of smart accounts. Developers can focus on refining individual features such as security or transaction efficiency without having to rebuild the entire structure from scratch. For example, a social recovery module helps users regain access to their accounts through trusted contacts, and session key modules allow users to preapprove specific actions in a dApp for a limited time. These features streamline the development process and make the platform more scalable and user-friendly.

Q6: What are the future plans for PillarX in terms of expanding its aggregated lending stack, and what new features or enhancements can users expect in the coming years?

Luka: We’re constantly working on expanding PillarX’s features. A key development will be our modular store, where developers can build and offer new tools. Users will be able to select which modules they want to add to their smart accounts, enhancing flexibility. We’re also working to onboard larger projects into the ecosystem and expand our partnerships, which will bring new functionality to the platform over time.

Q7: What were the key factors that made the integration of StealthEX with PillarX seamless and efficient? How does this reflect on the adaptability and developer-friendliness of the PillarX platform?

Luka: The seamless integration with StealthEX was largely due to excellent collaboration between both teams. PillarX is designed to be very developer-friendly, and integrating dApps into our platform is straightforward. Features like the PillarX Action Bar and transaction kit handle the complexity on our end, so developers can easily integrate their solutions with just a few lines of code.

Q8: How does the out-of-the-box SDK provided by PillarX streamline the development process for dApp developers?

Luka: Our SDK, powered by Espo’s modular architecture, simplifies wallet creation, transaction management, and batching multiple transactions. It’s specifically built to reduce the complexities that developers typically face when working with Blockchain technology. PillarX’s SDK also integrates account abstraction capabilities, ensuring developers can focus on their dApps while the technical aspects of Blockchain interactions are managed behind the scenes.

Q9: The mix and batch feature allows users to combine multiple transactions into one efficient batch. Can you elaborate on how this feature enhances transaction efficiency and what specific benefits users and developers can expect from this innovation?

Luka: The mix and batch feature streamlines transaction efficiency by combining multiple transactions into a single operation, reducing the time and costs associated with processing each one individually. For users, this means faster and more efficient interactions with the Blockchain, while developers benefit from reduced complexity in building and managing dApps. This feature also lowers gas fees and simplifies transaction workflows, enhancing the overall user and developer experience.

Telegram Live Question

Q1: I would like to know, are there ways of onboarding users into your platform?

Luka: Yes! We offer several methods for onboarding users. For example, users can create a wallet using social accounts like Discord, Twitter, Apple ID, Google, or even MetaMask. With just a few clicks, users can create a wallet and start using our platform immediately.

Q2: What’s the motivation behind the creation of your project?

Luka: PillarX comes from Pillar, a company that started in 2017 during the ICO days. We already have a Pillar wallet available on Google Play and the App Store, with over 100,000 downloads. However, we faced many restrictions with app stores, which motivated us to create PillarX—a progressive web application available in any browser, avoiding these limitations while offering a seamless experience.

Q3: Can you walk us through the process of how a client would be typically engaged with an expert on the PillarX platform, from the initial inquiry to the project completion?

Luka: The process starts with visiting our GitHub repository, switching to the staging branch, and following the README instructions. Developers can connect their UI to their backend or SDK, then submit a pull request. Once it’s reviewed, the project will be available on PillarX. This straightforward process ensures a quick and efficient integration.

Q4: What role does AI play in the PillarX platform, and how does it enhance the knowledge-sharing process for experts?

Luka: While AI isn’t a core focus of PillarX right now, we’re always exploring ways to improve the platform. We may consider AI in the future to enhance the platform’s features and functionality.

Q5: Community support is very important in any project. How do you plan to attract more users and expand your community globally?

Luka: Our easy onboarding process for non-crypto users, combined with a secure environment, will help attract more users. Every dApp integrated into PillarX is reviewed for security and credibility, giving users peace of mind. We also have active communities on Discord and Telegram, and we’re continually looking for ways to grow globally.

Q6: Do you have an ambassador program? If so, how do I get involved?

Luka: Yes, we have a waitlist for early access to PillarX. By joining the waitlist on our website, you’ll be among the first to try the platform and receive updates directly from the team. We’re also preparing rewards for our early testers.

Q7: What are the long-term goals and vision of your project, and how do these align with the overall roadmap of the project?

Luka: Our long-term plan is to attract more developers and users to the platform by offering modular features and account abstraction tools. We want to build an ecosystem where users can customize their experience by choosing the modules they want, ultimately creating a more tailored and secure interaction with the platform.

Q8: How does your platform plan to ensure the privacy and security of users’ data in its decentralized data marketplace?

Luka: Security is a top priority for PillarX. All wallets are smart contract-based, which are inherently more secure than traditional wallets that rely on seed phrases. Even if someone were to obtain your seed phrase, they wouldn’t have access to your smart account. Additionally, session keys enhance security by automatically disconnecting dApps after a set period, ensuring safe and secure interactions.

StealthEX: Thank you all for joining today! 

Alternatively, you can listen to the AMA recording here.

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