What is NERO Chain (NERO)?

TLDR NERO Chain is an EVM-compatible Layer 1 blockchain designed to empower developers and improve user experience through native account abstraction, flexible gas payments, and revenue-sharing incentives.

1. Developer-centric economics – Allows apps to retain value via gas-fee sharing and ERC20 gas payments.
2. Enhanced UX – Gasless transactions, smart contract wallets, and bundled actions reduce blockchain friction.
3. Modular architecture – Combines full EVM compatibility with ERC-4337 account abstraction for scalable dApp development.

Deep Dive

1. Purpose & Value Proposition

NERO Chain aims to shift value capture from the network layer to applications. Traditional blockchains extract most transaction value via gas fees, but NERO’s fee-sharing mechanism lets dApps earn a portion of network revenue. This incentivizes developers to build while enabling features like gas sponsorship or ERC20-based gas payments, aligning token utility with network activity.

2. Technology & Architecture

The chain natively implements ERC-4337 account abstraction, removing the need for externally owned accounts (EOAs). Users interact via smart contract wallets with features like social logins and transaction bundling. Its Paymaster API allows apps to:
- Sponsor gas fees entirely
- Let users pay with any ERC20 token
- Split costs between users and dApps

3. Ecosystem Fundamentals

Targeting DeFi, gaming, and asset tokenization, NERO emphasizes seamless onboarding. Developers can reserve blockspace for priority transactions and use EVM tools (Solidity, Hardhat) without modification. The testnet, live since mid-2025, supports rapid prototyping with gasless modes.

Conclusion

NERO Chain reimagines blockchain economics by letting applications directly monetize their usage while abstracting technical complexities for end-users. Its success hinges on whether developers leverage its fee-sharing model to create sustainable token economies. Can NERO’s app-centric approach carve a niche against established Layer 1s?