The creation of Ethereum and the smart contract has led to an incredible shift in the way we approach building things and growing communities. Being the first truly programmable blockchain, Ethereum grew with rapid success as visionaries, builders, investors, artists, and enthusiasts alike sought to build a new more decentralized and trustworthy world for the internet: Web3.

Along with Ethereum’s rise to fame came a handful of side effects Vitalik, the Ethereum team, and thousands developers around the world have been seeking to remedy. Most notable of these is scalability - which includes both transactions per second and transaction cost (gas).

Many projects, known as Layer 2s, such as Polygon, Avalanche, Optimism, and others have done an amazing job of solving this issue of scalability. Practically all of these projects boast solutions to this problem including blazingly fast transaction speeds and incredibly cheap transaction costs. However, these solutions also come with their downfalls - primarily an inequality in the accessibility of dApps and use cases due to increasingly difficult development requirements across chains and the risky, costly process of bridging and/or obtaining each chains native token.

Another exciting development seeking to address Ethereum’s scalability issue is account abstraction (ERC-4337). Put simply, account abstraction allows smart contracts to act as crypto wallets - unlocking an endless possibility of features, functionality, and integrations. These “smart wallets” offer the key to unlocking the next billion users for crypto and Web3, and here at Normal, we’ve developed one of the first truly impactful use cases for smart wallets and a solution for Ethereum scalability.

How It’s Made

Bundling Ethereum transactions is not a new idea. Many tools exist for bundling multiple transactions from the same wallet so that a single transaction and its gas are paid instead of multiple. However, nothing has ever attempted to bundle transactions across many different wallets to achieve this same cost savings at scale.

In fact, this has largely been impossible due to the way current crypto wallets (EOAs) work. For a transaction to take place, a wallet owner must sign and submit the transaction manually. This is one of the primary security features protecting wallets from theft and manipulation, but also a blocker to functionality like bundling.

The introduction of smart wallets and their inherent programmability now unlocks what was once impossible. By collecting Ethereum transactions - both transfers and smart contract calls - that are created within a similar timeframe into batches and executing these transactions via a dispatcher smart contract, we can securely send each transaction back to it’s originating smart wallet to be executed while only paying a single gas expense.

This gas cost can then be divided and paid equally amongst the owners of the transactions within the batch. This creates the possibility for an infinitely small gas cost required to execute your transaction(s) instead of the volatile cost you’re presented with which can be anywhere from $1 to over $100, depending on network congestion.

Introducing the Normal Wallet

We’ve created a brand new smart wallet encompassing this protocol known as the Normal Wallet. Normal operates in largely the same way existing wallets do, but with a few key improvements.

The most notable of these differences is the way in which you interact with dApps. In order to batch your transactions to achieve this incredible cost savings, you must connect your Normal wallet to dApps via WalletConnect. Simply copy the WalletConnect link from your dApp of choice and paste it into your Normal wallet and you’re good to go!

Another key difference is the ability to pay gas using both ERC-20 tokens like ETH and USDC along with credit and debit cards. These improvements mean you can spend less time buying, waiting, and transferring ETH from centralized exchanges with crazy fees and more time executing trades, buying NFTs, and swapping to your heart’s content!

We’ve also designed the Normal Wallet in modular fashion enabling additional functionality to be added or removed as you please. We’re striving to create the very first marketplace for wallet extensions that can be used to fully customize your crypto experience. This will allow you to access special features from your favorite dApps who choose to create extensions!

Get Involved

We’re beyond exciting and deeply honored to be building something new and never seen before. We’re a small team of crypto nerds and lovers just like you, and cannot wait to enjoy the benefits of Normal in our personal crypto endeavors.

If you’ve made it this far, you’re a real one and exactly the person we’re building this for! Please reserve early access to the Normal Wallet on our website and share what we’re building with your friends and crypto connections as the more folks who use Normal means the cheaper your transactions become!

If you feel that our mission resonates with you and you want to support it, reach out on Twitter, or join our Discord.

With love,

Team Normal

We got tired of paying fees and waiting forever to move our money in and out of DeFi, so we built Normal - a tool allowing anyone to instantly move cash in and out of crypto, DeFi, and Web3 with zero fees. We take a unique approach by combining a bank account and crypto wallet into a single unified platform. We've also designed our business model to support absolutely no trading fees. This means more crypto every single time you buy and sell, and no more long settlement times.

Today Is The Day

Since Satoshi Nakamoto first created Bitcoin in 2008, cryptocurrency technology has gradually evolved out of its infancy. At the time, using Bitcoin was incredibly risky, there was practically zero compliance or responsibility, and the primary use case was simply sending value between two places.

Over the past 14 years though, we've witnessed an incredible community develop around a promising technology for a better future. Dozens of competing blockchains have been invented. Thousands of coins and tokens have been built on these blockchains. Smart contracts have enabled programmable money. NFTs and DAOs have reimagined ownership. Decentralized applications have shown us but a glimpse of what our world can look like using these amazing creations.

All of these advances have pushed crypto out of its infancy and into an era of respect. But those who adopt it are only a small percentage of those it can benefit. There are still tens of millions of people in the United States and billions globally who've never even heard the words "crypto" or "Bitcoin". If crypto is ever going to go mainstream, we must take it there.

We set out to create Normal for this very reason. There is a gapping hole between what crypto can do now and what it needs to do to support mass adoption. We feel called to build this missing infrastructure and connect our traditional financial world with the opportunities of Web3 to support a future built on decentralization.

A World Built On Crypto

Our vision is quite large, but in a nutshell it's to connect people with crypto. We envision a world without middlemen like banks and payment processors that take advantage of our trust and offer us terrible products.

Instead, we see a world with personal finance rooted in the security and freedom of a crypto wallet and commerce in mutual trust built upon those foundations where consumers and merchants interact directly.

To accomplish this mission, we must first build a bridge between Web2 and Web3. Only then can we begin removing this bridge and migrating to a fully decentralized world.

We're beginning this process by building the absolute best crypto experience for individuals like you and us. This creation is founded upon these 5 pillars:

• Free and instant conversion between fiat and crypto

• Easier private key and wallet security management

• Searchable wallet address discovery

• Traditional financial tools reinvented using DeFi

• All while still being able to spend, send, and earn from a bank account and debit card

These features will create an experience like no other and attract millions to adopt crypto who've been waiting for an easier and more practical solution. They also build a foundation for us to create similar solutions for businesses and to one day connect consumers and merchants together directly without middlemen.

A Unique Approach

If you've read this far, you're probably getting very excited but also wondering how in the world this is even possible. That's a great question!

We've intentionally designed our business model and platform to be sustainable without trading fees. This allows us to give you the best trading experience ever created and our team the ability to move and create faster than anyone else in this space.

By building from the ground up, we're able to learn from the mistakes of those who've gone before us and create a wildly better platform...

Join Our Movement

If you're as excited as we are about everything we shared here and how we plan to revolutionize crypto, let's connect!

Join us on Discord: https://link.normalfinance.io/discord

Access our private beta: https://www.normalfinance.io/

And share some love with our first post here on Mirror!

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