\n

ERC-4337<\/a>, Account Abstraction via Entry Point Contract Specification, was introduced 25 days after EIP-2938. It is a proposal that would enable customizability to wallets while voiding the need for consensus<\/a>-layer protocol changes.((Ethereum Improvement Proposals \u2013 EIP-4337: Account Abstraction via Entry Point Contract Specification<\/a>))<\/p>\n\n\n\n

The benefits of using abstracted contract accounts include creativity in the design of users' wallets such as multi-sig, social recovery, quantum-safe signature algorithms, upgradeability, and heightened decentralization making it a key feature of Ethereum after it merges into a proof-of-stake<\/a> consensus.((EthHub - Account Abstraction<\/a>)) These accounts will most likely be seen within Layer 2 protocols before eventually making their way to Layer 1 protocols on Ethereum in the near future.<\/p>\n","post_title":"Account Abstraction","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"account-abstraction","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/defi\/\nhttps:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptographic-keys\/","post_modified":"2022-09-10 12:38:14","post_modified_gmt":"2022-09-10 02:38:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

EIP-2938 introduced account abstraction, where a smart contract could be the top level account that pays fees and executes transactions.((EIP-2938 - Account Abstraction<\/a>)) Although, this EIP has become stagnant.<\/p>\n\n\n\n

ERC-4337<\/a>, Account Abstraction via Entry Point Contract Specification, was introduced 25 days after EIP-2938. It is a proposal that would enable customizability to wallets while voiding the need for consensus<\/a>-layer protocol changes.((Ethereum Improvement Proposals \u2013 EIP-4337: Account Abstraction via Entry Point Contract Specification<\/a>))<\/p>\n\n\n\n

The benefits of using abstracted contract accounts include creativity in the design of users' wallets such as multi-sig, social recovery, quantum-safe signature algorithms, upgradeability, and heightened decentralization making it a key feature of Ethereum after it merges into a proof-of-stake<\/a> consensus.((EthHub - Account Abstraction<\/a>)) These accounts will most likely be seen within Layer 2 protocols before eventually making their way to Layer 1 protocols on Ethereum in the near future.<\/p>\n","post_title":"Account Abstraction","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"account-abstraction","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/defi\/\nhttps:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptographic-keys\/","post_modified":"2022-09-10 12:38:14","post_modified_gmt":"2022-09-10 02:38:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Where Is Account Abstraction Used?<\/h2>\n\n\n\n

EIP-2938 introduced account abstraction, where a smart contract could be the top level account that pays fees and executes transactions.((EIP-2938 - Account Abstraction<\/a>)) Although, this EIP has become stagnant.<\/p>\n\n\n\n

ERC-4337<\/a>, Account Abstraction via Entry Point Contract Specification, was introduced 25 days after EIP-2938. It is a proposal that would enable customizability to wallets while voiding the need for consensus<\/a>-layer protocol changes.((Ethereum Improvement Proposals \u2013 EIP-4337: Account Abstraction via Entry Point Contract Specification<\/a>))<\/p>\n\n\n\n

The benefits of using abstracted contract accounts include creativity in the design of users' wallets such as multi-sig, social recovery, quantum-safe signature algorithms, upgradeability, and heightened decentralization making it a key feature of Ethereum after it merges into a proof-of-stake<\/a> consensus.((EthHub - Account Abstraction<\/a>)) These accounts will most likely be seen within Layer 2 protocols before eventually making their way to Layer 1 protocols on Ethereum in the near future.<\/p>\n","post_title":"Account Abstraction","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"account-abstraction","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/defi\/\nhttps:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptographic-keys\/","post_modified":"2022-09-10 12:38:14","post_modified_gmt":"2022-09-10 02:38:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Wallets can now be specifically tailored to one's needs, rather than a one-account-fits-all. <\/p>\n\n\n\n

Where Is Account Abstraction Used?<\/h2>\n\n\n\n

EIP-2938 introduced account abstraction, where a smart contract could be the top level account that pays fees and executes transactions.((EIP-2938 - Account Abstraction<\/a>)) Although, this EIP has become stagnant.<\/p>\n\n\n\n

ERC-4337<\/a>, Account Abstraction via Entry Point Contract Specification, was introduced 25 days after EIP-2938. It is a proposal that would enable customizability to wallets while voiding the need for consensus<\/a>-layer protocol changes.((Ethereum Improvement Proposals \u2013 EIP-4337: Account Abstraction via Entry Point Contract Specification<\/a>))<\/p>\n\n\n\n

The benefits of using abstracted contract accounts include creativity in the design of users' wallets such as multi-sig, social recovery, quantum-safe signature algorithms, upgradeability, and heightened decentralization making it a key feature of Ethereum after it merges into a proof-of-stake<\/a> consensus.((EthHub - Account Abstraction<\/a>)) These accounts will most likely be seen within Layer 2 protocols before eventually making their way to Layer 1 protocols on Ethereum in the near future.<\/p>\n","post_title":"Account Abstraction","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"account-abstraction","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/defi\/\nhttps:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptographic-keys\/","post_modified":"2022-09-10 12:38:14","post_modified_gmt":"2022-09-10 02:38:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

This turns wallets into smart contracts, each wallet\/contract defining what a valid transaction may look like. This greatly improves the functionality and customizability of wallets, as the only requirement needed is to interact with an interface to execute and validate transactions. <\/p>\n\n\n\n

Wallets can now be specifically tailored to one's needs, rather than a one-account-fits-all. <\/p>\n\n\n\n

Where Is Account Abstraction Used?<\/h2>\n\n\n\n

EIP-2938 introduced account abstraction, where a smart contract could be the top level account that pays fees and executes transactions.((EIP-2938 - Account Abstraction<\/a>)) Although, this EIP has become stagnant.<\/p>\n\n\n\n

ERC-4337<\/a>, Account Abstraction via Entry Point Contract Specification, was introduced 25 days after EIP-2938. It is a proposal that would enable customizability to wallets while voiding the need for consensus<\/a>-layer protocol changes.((Ethereum Improvement Proposals \u2013 EIP-4337: Account Abstraction via Entry Point Contract Specification<\/a>))<\/p>\n\n\n\n

The benefits of using abstracted contract accounts include creativity in the design of users' wallets such as multi-sig, social recovery, quantum-safe signature algorithms, upgradeability, and heightened decentralization making it a key feature of Ethereum after it merges into a proof-of-stake<\/a> consensus.((EthHub - Account Abstraction<\/a>)) These accounts will most likely be seen within Layer 2 protocols before eventually making their way to Layer 1 protocols on Ethereum in the near future.<\/p>\n","post_title":"Account Abstraction","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"account-abstraction","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/defi\/\nhttps:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptographic-keys\/","post_modified":"2022-09-10 12:38:14","post_modified_gmt":"2022-09-10 02:38:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Account abstraction reduces the number of wallets holding Ether and moves the functionality and logic of wallets from the core protocol<\/a> to the Ethereum Virtual Machine <\/a>(EVM).((Ismael Darwish\/Nethermind.io - The History and Future of Account Abstraction<\/a>)) <\/p>\n\n\n\n

This turns wallets into smart contracts, each wallet\/contract defining what a valid transaction may look like. This greatly improves the functionality and customizability of wallets, as the only requirement needed is to interact with an interface to execute and validate transactions. <\/p>\n\n\n\n

Wallets can now be specifically tailored to one's needs, rather than a one-account-fits-all. <\/p>\n\n\n\n

Where Is Account Abstraction Used?<\/h2>\n\n\n\n

EIP-2938 introduced account abstraction, where a smart contract could be the top level account that pays fees and executes transactions.((EIP-2938 - Account Abstraction<\/a>)) Although, this EIP has become stagnant.<\/p>\n\n\n\n

ERC-4337<\/a>, Account Abstraction via Entry Point Contract Specification, was introduced 25 days after EIP-2938. It is a proposal that would enable customizability to wallets while voiding the need for consensus<\/a>-layer protocol changes.((Ethereum Improvement Proposals \u2013 EIP-4337: Account Abstraction via Entry Point Contract Specification<\/a>))<\/p>\n\n\n\n

The benefits of using abstracted contract accounts include creativity in the design of users' wallets such as multi-sig, social recovery, quantum-safe signature algorithms, upgradeability, and heightened decentralization making it a key feature of Ethereum after it merges into a proof-of-stake<\/a> consensus.((EthHub - Account Abstraction<\/a>)) These accounts will most likely be seen within Layer 2 protocols before eventually making their way to Layer 1 protocols on Ethereum in the near future.<\/p>\n","post_title":"Account Abstraction","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"account-abstraction","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/defi\/\nhttps:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptographic-keys\/","post_modified":"2022-09-10 12:38:14","post_modified_gmt":"2022-09-10 02:38:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Why Is Account Abstraction Used?<\/h2>\n\n\n\n

Account abstraction reduces the number of wallets holding Ether and moves the functionality and logic of wallets from the core protocol<\/a> to the Ethereum Virtual Machine <\/a>(EVM).((Ismael Darwish\/Nethermind.io - The History and Future of Account Abstraction<\/a>)) <\/p>\n\n\n\n

This turns wallets into smart contracts, each wallet\/contract defining what a valid transaction may look like. This greatly improves the functionality and customizability of wallets, as the only requirement needed is to interact with an interface to execute and validate transactions. <\/p>\n\n\n\n

Wallets can now be specifically tailored to one's needs, rather than a one-account-fits-all. <\/p>\n\n\n\n

Where Is Account Abstraction Used?<\/h2>\n\n\n\n

EIP-2938 introduced account abstraction, where a smart contract could be the top level account that pays fees and executes transactions.((EIP-2938 - Account Abstraction<\/a>)) Although, this EIP has become stagnant.<\/p>\n\n\n\n

ERC-4337<\/a>, Account Abstraction via Entry Point Contract Specification, was introduced 25 days after EIP-2938. It is a proposal that would enable customizability to wallets while voiding the need for consensus<\/a>-layer protocol changes.((Ethereum Improvement Proposals \u2013 EIP-4337: Account Abstraction via Entry Point Contract Specification<\/a>))<\/p>\n\n\n\n

The benefits of using abstracted contract accounts include creativity in the design of users' wallets such as multi-sig, social recovery, quantum-safe signature algorithms, upgradeability, and heightened decentralization making it a key feature of Ethereum after it merges into a proof-of-stake<\/a> consensus.((EthHub - Account Abstraction<\/a>)) These accounts will most likely be seen within Layer 2 protocols before eventually making their way to Layer 1 protocols on Ethereum in the near future.<\/p>\n","post_title":"Account Abstraction","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"account-abstraction","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/defi\/\nhttps:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptographic-keys\/","post_modified":"2022-09-10 12:38:14","post_modified_gmt":"2022-09-10 02:38:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Account abstraction merges EOAs and CAs into one standardized contract account. ((EthHub - Account Abstraction<\/a>)) <\/p>\n\n\n\n

Why Is Account Abstraction Used?<\/h2>\n\n\n\n

Account abstraction reduces the number of wallets holding Ether and moves the functionality and logic of wallets from the core protocol<\/a> to the Ethereum Virtual Machine <\/a>(EVM).((Ismael Darwish\/Nethermind.io - The History and Future of Account Abstraction<\/a>)) <\/p>\n\n\n\n

This turns wallets into smart contracts, each wallet\/contract defining what a valid transaction may look like. This greatly improves the functionality and customizability of wallets, as the only requirement needed is to interact with an interface to execute and validate transactions. <\/p>\n\n\n\n

Wallets can now be specifically tailored to one's needs, rather than a one-account-fits-all. <\/p>\n\n\n\n

Where Is Account Abstraction Used?<\/h2>\n\n\n\n

EIP-2938 introduced account abstraction, where a smart contract could be the top level account that pays fees and executes transactions.((EIP-2938 - Account Abstraction<\/a>)) Although, this EIP has become stagnant.<\/p>\n\n\n\n

ERC-4337<\/a>, Account Abstraction via Entry Point Contract Specification, was introduced 25 days after EIP-2938. It is a proposal that would enable customizability to wallets while voiding the need for consensus<\/a>-layer protocol changes.((Ethereum Improvement Proposals \u2013 EIP-4337: Account Abstraction via Entry Point Contract Specification<\/a>))<\/p>\n\n\n\n

The benefits of using abstracted contract accounts include creativity in the design of users' wallets such as multi-sig, social recovery, quantum-safe signature algorithms, upgradeability, and heightened decentralization making it a key feature of Ethereum after it merges into a proof-of-stake<\/a> consensus.((EthHub - Account Abstraction<\/a>)) These accounts will most likely be seen within Layer 2 protocols before eventually making their way to Layer 1 protocols on Ethereum in the near future.<\/p>\n","post_title":"Account Abstraction","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"account-abstraction","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/defi\/\nhttps:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptographic-keys\/","post_modified":"2022-09-10 12:38:14","post_modified_gmt":"2022-09-10 02:38:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

On Ethereum, there are two types of accounts; externally owned accounts (EOAs) and contract accounts (CAs). EOAs are controlled by someone with private keys<\/a> and CAs are opperated by code and stored within smart contracts<\/a> - usually within dApps<\/a> and DeFi<\/a> protocols.<\/p>\n\n\n\n

Account abstraction merges EOAs and CAs into one standardized contract account. ((EthHub - Account Abstraction<\/a>)) <\/p>\n\n\n\n

Why Is Account Abstraction Used?<\/h2>\n\n\n\n

Account abstraction reduces the number of wallets holding Ether and moves the functionality and logic of wallets from the core protocol<\/a> to the Ethereum Virtual Machine <\/a>(EVM).((Ismael Darwish\/Nethermind.io - The History and Future of Account Abstraction<\/a>)) <\/p>\n\n\n\n

This turns wallets into smart contracts, each wallet\/contract defining what a valid transaction may look like. This greatly improves the functionality and customizability of wallets, as the only requirement needed is to interact with an interface to execute and validate transactions. <\/p>\n\n\n\n

Wallets can now be specifically tailored to one's needs, rather than a one-account-fits-all. <\/p>\n\n\n\n

Where Is Account Abstraction Used?<\/h2>\n\n\n\n

EIP-2938 introduced account abstraction, where a smart contract could be the top level account that pays fees and executes transactions.((EIP-2938 - Account Abstraction<\/a>)) Although, this EIP has become stagnant.<\/p>\n\n\n\n

ERC-4337<\/a>, Account Abstraction via Entry Point Contract Specification, was introduced 25 days after EIP-2938. It is a proposal that would enable customizability to wallets while voiding the need for consensus<\/a>-layer protocol changes.((Ethereum Improvement Proposals \u2013 EIP-4337: Account Abstraction via Entry Point Contract Specification<\/a>))<\/p>\n\n\n\n

The benefits of using abstracted contract accounts include creativity in the design of users' wallets such as multi-sig, social recovery, quantum-safe signature algorithms, upgradeability, and heightened decentralization making it a key feature of Ethereum after it merges into a proof-of-stake<\/a> consensus.((EthHub - Account Abstraction<\/a>)) These accounts will most likely be seen within Layer 2 protocols before eventually making their way to Layer 1 protocols on Ethereum in the near future.<\/p>\n","post_title":"Account Abstraction","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"account-abstraction","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/defi\/\nhttps:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptographic-keys\/","post_modified":"2022-09-10 12:38:14","post_modified_gmt":"2022-09-10 02:38:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

What Is Account Abstraction In Crypto?<\/h2>\n\n\n\n

On Ethereum, there are two types of accounts; externally owned accounts (EOAs) and contract accounts (CAs). EOAs are controlled by someone with private keys<\/a> and CAs are opperated by code and stored within smart contracts<\/a> - usually within dApps<\/a> and DeFi<\/a> protocols.<\/p>\n\n\n\n

Account abstraction merges EOAs and CAs into one standardized contract account. ((EthHub - Account Abstraction<\/a>)) <\/p>\n\n\n\n

Why Is Account Abstraction Used?<\/h2>\n\n\n\n

Account abstraction reduces the number of wallets holding Ether and moves the functionality and logic of wallets from the core protocol<\/a> to the Ethereum Virtual Machine <\/a>(EVM).((Ismael Darwish\/Nethermind.io - The History and Future of Account Abstraction<\/a>)) <\/p>\n\n\n\n

This turns wallets into smart contracts, each wallet\/contract defining what a valid transaction may look like. This greatly improves the functionality and customizability of wallets, as the only requirement needed is to interact with an interface to execute and validate transactions. <\/p>\n\n\n\n

Wallets can now be specifically tailored to one's needs, rather than a one-account-fits-all. <\/p>\n\n\n\n

Where Is Account Abstraction Used?<\/h2>\n\n\n\n

EIP-2938 introduced account abstraction, where a smart contract could be the top level account that pays fees and executes transactions.((EIP-2938 - Account Abstraction<\/a>)) Although, this EIP has become stagnant.<\/p>\n\n\n\n

ERC-4337<\/a>, Account Abstraction via Entry Point Contract Specification, was introduced 25 days after EIP-2938. It is a proposal that would enable customizability to wallets while voiding the need for consensus<\/a>-layer protocol changes.((Ethereum Improvement Proposals \u2013 EIP-4337: Account Abstraction via Entry Point Contract Specification<\/a>))<\/p>\n\n\n\n

The benefits of using abstracted contract accounts include creativity in the design of users' wallets such as multi-sig, social recovery, quantum-safe signature algorithms, upgradeability, and heightened decentralization making it a key feature of Ethereum after it merges into a proof-of-stake<\/a> consensus.((EthHub - Account Abstraction<\/a>)) These accounts will most likely be seen within Layer 2 protocols before eventually making their way to Layer 1 protocols on Ethereum in the near future.<\/p>\n","post_title":"Account Abstraction","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"account-abstraction","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/defi\/\nhttps:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptographic-keys\/","post_modified":"2022-09-10 12:38:14","post_modified_gmt":"2022-09-10 02:38:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Smart accounts allow for account abstraction, which improves the functionality and customizability of wallets, as the only requirement needed is to interact with an interface to execute and validate transactions. Smart accounts can be specifically tailored to ones needs.<\/p>\n","post_title":"ERC-4337's Account Abstraction Is Now Live On The Ethereum Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"erc-4337s-account-abstraction-is-now-live-on-the-ethereum-blockchain","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/erc-4337-standard\/\nhttps:\/\/www.thedistributed.co\/ethereum-virtual-machine\/","post_modified":"2023-04-10 17:30:59","post_modified_gmt":"2023-04-10 07:30:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6934,"post_author":"1","post_date":"2022-09-06 21:54:59","post_date_gmt":"2022-09-06 11:54:59","post_content":"\n

What Is Account Abstraction In Crypto?<\/h2>\n\n\n\n

On Ethereum, there are two types of accounts; externally owned accounts (EOAs) and contract accounts (CAs). EOAs are controlled by someone with private keys<\/a> and CAs are opperated by code and stored within smart contracts<\/a> - usually within dApps<\/a> and DeFi<\/a> protocols.<\/p>\n\n\n\n

Account abstraction merges EOAs and CAs into one standardized contract account. ((EthHub - Account Abstraction<\/a>)) <\/p>\n\n\n\n

Why Is Account Abstraction Used?<\/h2>\n\n\n\n

Account abstraction reduces the number of wallets holding Ether and moves the functionality and logic of wallets from the core protocol<\/a> to the Ethereum Virtual Machine <\/a>(EVM).((Ismael Darwish\/Nethermind.io - The History and Future of Account Abstraction<\/a>)) <\/p>\n\n\n\n

This turns wallets into smart contracts, each wallet\/contract defining what a valid transaction may look like. This greatly improves the functionality and customizability of wallets, as the only requirement needed is to interact with an interface to execute and validate transactions. <\/p>\n\n\n\n

Wallets can now be specifically tailored to one's needs, rather than a one-account-fits-all. <\/p>\n\n\n\n

Where Is Account Abstraction Used?<\/h2>\n\n\n\n

EIP-2938 introduced account abstraction, where a smart contract could be the top level account that pays fees and executes transactions.((EIP-2938 - Account Abstraction<\/a>)) Although, this EIP has become stagnant.<\/p>\n\n\n\n

ERC-4337<\/a>, Account Abstraction via Entry Point Contract Specification, was introduced 25 days after EIP-2938. It is a proposal that would enable customizability to wallets while voiding the need for consensus<\/a>-layer protocol changes.((Ethereum Improvement Proposals \u2013 EIP-4337: Account Abstraction via Entry Point Contract Specification<\/a>))<\/p>\n\n\n\n

The benefits of using abstracted contract accounts include creativity in the design of users' wallets such as multi-sig, social recovery, quantum-safe signature algorithms, upgradeability, and heightened decentralization making it a key feature of Ethereum after it merges into a proof-of-stake<\/a> consensus.((EthHub - Account Abstraction<\/a>)) These accounts will most likely be seen within Layer 2 protocols before eventually making their way to Layer 1 protocols on Ethereum in the near future.<\/p>\n","post_title":"Account Abstraction","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"account-abstraction","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/defi\/\nhttps:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptographic-keys\/","post_modified":"2022-09-10 12:38:14","post_modified_gmt":"2022-09-10 02:38:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

See Related:<\/em><\/strong> ERC-4337 Standard<\/a><\/p>\n\n\n\n

Smart accounts allow for account abstraction, which improves the functionality and customizability of wallets, as the only requirement needed is to interact with an interface to execute and validate transactions. Smart accounts can be specifically tailored to ones needs.<\/p>\n","post_title":"ERC-4337's Account Abstraction Is Now Live On The Ethereum Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"erc-4337s-account-abstraction-is-now-live-on-the-ethereum-blockchain","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/erc-4337-standard\/\nhttps:\/\/www.thedistributed.co\/ethereum-virtual-machine\/","post_modified":"2023-04-10 17:30:59","post_modified_gmt":"2023-04-10 07:30:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6934,"post_author":"1","post_date":"2022-09-06 21:54:59","post_date_gmt":"2022-09-06 11:54:59","post_content":"\n

What Is Account Abstraction In Crypto?<\/h2>\n\n\n\n

On Ethereum, there are two types of accounts; externally owned accounts (EOAs) and contract accounts (CAs). EOAs are controlled by someone with private keys<\/a> and CAs are opperated by code and stored within smart contracts<\/a> - usually within dApps<\/a> and DeFi<\/a> protocols.<\/p>\n\n\n\n

Account abstraction merges EOAs and CAs into one standardized contract account. ((EthHub - Account Abstraction<\/a>)) <\/p>\n\n\n\n

Why Is Account Abstraction Used?<\/h2>\n\n\n\n

Account abstraction reduces the number of wallets holding Ether and moves the functionality and logic of wallets from the core protocol<\/a> to the Ethereum Virtual Machine <\/a>(EVM).((Ismael Darwish\/Nethermind.io - The History and Future of Account Abstraction<\/a>)) <\/p>\n\n\n\n

This turns wallets into smart contracts, each wallet\/contract defining what a valid transaction may look like. This greatly improves the functionality and customizability of wallets, as the only requirement needed is to interact with an interface to execute and validate transactions. <\/p>\n\n\n\n

Wallets can now be specifically tailored to one's needs, rather than a one-account-fits-all. <\/p>\n\n\n\n

Where Is Account Abstraction Used?<\/h2>\n\n\n\n

EIP-2938 introduced account abstraction, where a smart contract could be the top level account that pays fees and executes transactions.((EIP-2938 - Account Abstraction<\/a>)) Although, this EIP has become stagnant.<\/p>\n\n\n\n

ERC-4337<\/a>, Account Abstraction via Entry Point Contract Specification, was introduced 25 days after EIP-2938. It is a proposal that would enable customizability to wallets while voiding the need for consensus<\/a>-layer protocol changes.((Ethereum Improvement Proposals \u2013 EIP-4337: Account Abstraction via Entry Point Contract Specification<\/a>))<\/p>\n\n\n\n

The benefits of using abstracted contract accounts include creativity in the design of users' wallets such as multi-sig, social recovery, quantum-safe signature algorithms, upgradeability, and heightened decentralization making it a key feature of Ethereum after it merges into a proof-of-stake<\/a> consensus.((EthHub - Account Abstraction<\/a>)) These accounts will most likely be seen within Layer 2 protocols before eventually making their way to Layer 1 protocols on Ethereum in the near future.<\/p>\n","post_title":"Account Abstraction","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"account-abstraction","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/defi\/\nhttps:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptographic-keys\/","post_modified":"2022-09-10 12:38:14","post_modified_gmt":"2022-09-10 02:38:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Smart accounts are hybrid wallets combining externally owned accounts and smart accounts. EOAs are controlled by someone with\u00a0private keys<\/a>\u00a0and CAs are operated by code and stored within\u00a0smart contracts<\/a>\u00a0\u2013 usually within\u00a0dApps<\/a>\u00a0and\u00a0DeFi<\/a>\u00a0protocols. ERC-4337 allows for the combination of these two without the need for a consensus layer change.<\/p>\n\n\n\n

See Related:<\/em><\/strong> ERC-4337 Standard<\/a><\/p>\n\n\n\n

Smart accounts allow for account abstraction, which improves the functionality and customizability of wallets, as the only requirement needed is to interact with an interface to execute and validate transactions. Smart accounts can be specifically tailored to ones needs.<\/p>\n","post_title":"ERC-4337's Account Abstraction Is Now Live On The Ethereum Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"erc-4337s-account-abstraction-is-now-live-on-the-ethereum-blockchain","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/erc-4337-standard\/\nhttps:\/\/www.thedistributed.co\/ethereum-virtual-machine\/","post_modified":"2023-04-10 17:30:59","post_modified_gmt":"2023-04-10 07:30:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6934,"post_author":"1","post_date":"2022-09-06 21:54:59","post_date_gmt":"2022-09-06 11:54:59","post_content":"\n

What Is Account Abstraction In Crypto?<\/h2>\n\n\n\n

On Ethereum, there are two types of accounts; externally owned accounts (EOAs) and contract accounts (CAs). EOAs are controlled by someone with private keys<\/a> and CAs are opperated by code and stored within smart contracts<\/a> - usually within dApps<\/a> and DeFi<\/a> protocols.<\/p>\n\n\n\n

Account abstraction merges EOAs and CAs into one standardized contract account. ((EthHub - Account Abstraction<\/a>)) <\/p>\n\n\n\n

Why Is Account Abstraction Used?<\/h2>\n\n\n\n

Account abstraction reduces the number of wallets holding Ether and moves the functionality and logic of wallets from the core protocol<\/a> to the Ethereum Virtual Machine <\/a>(EVM).((Ismael Darwish\/Nethermind.io - The History and Future of Account Abstraction<\/a>)) <\/p>\n\n\n\n

This turns wallets into smart contracts, each wallet\/contract defining what a valid transaction may look like. This greatly improves the functionality and customizability of wallets, as the only requirement needed is to interact with an interface to execute and validate transactions. <\/p>\n\n\n\n

Wallets can now be specifically tailored to one's needs, rather than a one-account-fits-all. <\/p>\n\n\n\n

Where Is Account Abstraction Used?<\/h2>\n\n\n\n

EIP-2938 introduced account abstraction, where a smart contract could be the top level account that pays fees and executes transactions.((EIP-2938 - Account Abstraction<\/a>)) Although, this EIP has become stagnant.<\/p>\n\n\n\n

ERC-4337<\/a>, Account Abstraction via Entry Point Contract Specification, was introduced 25 days after EIP-2938. It is a proposal that would enable customizability to wallets while voiding the need for consensus<\/a>-layer protocol changes.((Ethereum Improvement Proposals \u2013 EIP-4337: Account Abstraction via Entry Point Contract Specification<\/a>))<\/p>\n\n\n\n

The benefits of using abstracted contract accounts include creativity in the design of users' wallets such as multi-sig, social recovery, quantum-safe signature algorithms, upgradeability, and heightened decentralization making it a key feature of Ethereum after it merges into a proof-of-stake<\/a> consensus.((EthHub - Account Abstraction<\/a>)) These accounts will most likely be seen within Layer 2 protocols before eventually making their way to Layer 1 protocols on Ethereum in the near future.<\/p>\n","post_title":"Account Abstraction","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"account-abstraction","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/defi\/\nhttps:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptographic-keys\/","post_modified":"2022-09-10 12:38:14","post_modified_gmt":"2022-09-10 02:38:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

What Is Account Abstraction, Smart Accounts, And ERC-4337?<\/h2>\n\n\n\n

Smart accounts are hybrid wallets combining externally owned accounts and smart accounts. EOAs are controlled by someone with\u00a0private keys<\/a>\u00a0and CAs are operated by code and stored within\u00a0smart contracts<\/a>\u00a0\u2013 usually within\u00a0dApps<\/a>\u00a0and\u00a0DeFi<\/a>\u00a0protocols. ERC-4337 allows for the combination of these two without the need for a consensus layer change.<\/p>\n\n\n\n

See Related:<\/em><\/strong> ERC-4337 Standard<\/a><\/p>\n\n\n\n

Smart accounts allow for account abstraction, which improves the functionality and customizability of wallets, as the only requirement needed is to interact with an interface to execute and validate transactions. Smart accounts can be specifically tailored to ones needs.<\/p>\n","post_title":"ERC-4337's Account Abstraction Is Now Live On The Ethereum Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"erc-4337s-account-abstraction-is-now-live-on-the-ethereum-blockchain","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/erc-4337-standard\/\nhttps:\/\/www.thedistributed.co\/ethereum-virtual-machine\/","post_modified":"2023-04-10 17:30:59","post_modified_gmt":"2023-04-10 07:30:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6934,"post_author":"1","post_date":"2022-09-06 21:54:59","post_date_gmt":"2022-09-06 11:54:59","post_content":"\n

What Is Account Abstraction In Crypto?<\/h2>\n\n\n\n

On Ethereum, there are two types of accounts; externally owned accounts (EOAs) and contract accounts (CAs). EOAs are controlled by someone with private keys<\/a> and CAs are opperated by code and stored within smart contracts<\/a> - usually within dApps<\/a> and DeFi<\/a> protocols.<\/p>\n\n\n\n

Account abstraction merges EOAs and CAs into one standardized contract account. ((EthHub - Account Abstraction<\/a>)) <\/p>\n\n\n\n

Why Is Account Abstraction Used?<\/h2>\n\n\n\n

Account abstraction reduces the number of wallets holding Ether and moves the functionality and logic of wallets from the core protocol<\/a> to the Ethereum Virtual Machine <\/a>(EVM).((Ismael Darwish\/Nethermind.io - The History and Future of Account Abstraction<\/a>)) <\/p>\n\n\n\n

This turns wallets into smart contracts, each wallet\/contract defining what a valid transaction may look like. This greatly improves the functionality and customizability of wallets, as the only requirement needed is to interact with an interface to execute and validate transactions. <\/p>\n\n\n\n

Wallets can now be specifically tailored to one's needs, rather than a one-account-fits-all. <\/p>\n\n\n\n

Where Is Account Abstraction Used?<\/h2>\n\n\n\n

EIP-2938 introduced account abstraction, where a smart contract could be the top level account that pays fees and executes transactions.((EIP-2938 - Account Abstraction<\/a>)) Although, this EIP has become stagnant.<\/p>\n\n\n\n

ERC-4337<\/a>, Account Abstraction via Entry Point Contract Specification, was introduced 25 days after EIP-2938. It is a proposal that would enable customizability to wallets while voiding the need for consensus<\/a>-layer protocol changes.((Ethereum Improvement Proposals \u2013 EIP-4337: Account Abstraction via Entry Point Contract Specification<\/a>))<\/p>\n\n\n\n

The benefits of using abstracted contract accounts include creativity in the design of users' wallets such as multi-sig, social recovery, quantum-safe signature algorithms, upgradeability, and heightened decentralization making it a key feature of Ethereum after it merges into a proof-of-stake<\/a> consensus.((EthHub - Account Abstraction<\/a>)) These accounts will most likely be seen within Layer 2 protocols before eventually making their way to Layer 1 protocols on Ethereum in the near future.<\/p>\n","post_title":"Account Abstraction","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"account-abstraction","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/defi\/\nhttps:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptographic-keys\/","post_modified":"2022-09-10 12:38:14","post_modified_gmt":"2022-09-10 02:38:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n
\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631292320162217985\n<\/div><\/figure>\n\n\n\n

What Is Account Abstraction, Smart Accounts, And ERC-4337?<\/h2>\n\n\n\n

Smart accounts are hybrid wallets combining externally owned accounts and smart accounts. EOAs are controlled by someone with\u00a0private keys<\/a>\u00a0and CAs are operated by code and stored within\u00a0smart contracts<\/a>\u00a0\u2013 usually within\u00a0dApps<\/a>\u00a0and\u00a0DeFi<\/a>\u00a0protocols. ERC-4337 allows for the combination of these two without the need for a consensus layer change.<\/p>\n\n\n\n

See Related:<\/em><\/strong> ERC-4337 Standard<\/a><\/p>\n\n\n\n

Smart accounts allow for account abstraction, which improves the functionality and customizability of wallets, as the only requirement needed is to interact with an interface to execute and validate transactions. Smart accounts can be specifically tailored to ones needs.<\/p>\n","post_title":"ERC-4337's Account Abstraction Is Now Live On The Ethereum Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"erc-4337s-account-abstraction-is-now-live-on-the-ethereum-blockchain","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/erc-4337-standard\/\nhttps:\/\/www.thedistributed.co\/ethereum-virtual-machine\/","post_modified":"2023-04-10 17:30:59","post_modified_gmt":"2023-04-10 07:30:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6934,"post_author":"1","post_date":"2022-09-06 21:54:59","post_date_gmt":"2022-09-06 11:54:59","post_content":"\n

What Is Account Abstraction In Crypto?<\/h2>\n\n\n\n

On Ethereum, there are two types of accounts; externally owned accounts (EOAs) and contract accounts (CAs). EOAs are controlled by someone with private keys<\/a> and CAs are opperated by code and stored within smart contracts<\/a> - usually within dApps<\/a> and DeFi<\/a> protocols.<\/p>\n\n\n\n

Account abstraction merges EOAs and CAs into one standardized contract account. ((EthHub - Account Abstraction<\/a>)) <\/p>\n\n\n\n

Why Is Account Abstraction Used?<\/h2>\n\n\n\n

Account abstraction reduces the number of wallets holding Ether and moves the functionality and logic of wallets from the core protocol<\/a> to the Ethereum Virtual Machine <\/a>(EVM).((Ismael Darwish\/Nethermind.io - The History and Future of Account Abstraction<\/a>)) <\/p>\n\n\n\n

This turns wallets into smart contracts, each wallet\/contract defining what a valid transaction may look like. This greatly improves the functionality and customizability of wallets, as the only requirement needed is to interact with an interface to execute and validate transactions. <\/p>\n\n\n\n

Wallets can now be specifically tailored to one's needs, rather than a one-account-fits-all. <\/p>\n\n\n\n

Where Is Account Abstraction Used?<\/h2>\n\n\n\n

EIP-2938 introduced account abstraction, where a smart contract could be the top level account that pays fees and executes transactions.((EIP-2938 - Account Abstraction<\/a>)) Although, this EIP has become stagnant.<\/p>\n\n\n\n

ERC-4337<\/a>, Account Abstraction via Entry Point Contract Specification, was introduced 25 days after EIP-2938. It is a proposal that would enable customizability to wallets while voiding the need for consensus<\/a>-layer protocol changes.((Ethereum Improvement Proposals \u2013 EIP-4337: Account Abstraction via Entry Point Contract Specification<\/a>))<\/p>\n\n\n\n

The benefits of using abstracted contract accounts include creativity in the design of users' wallets such as multi-sig, social recovery, quantum-safe signature algorithms, upgradeability, and heightened decentralization making it a key feature of Ethereum after it merges into a proof-of-stake<\/a> consensus.((EthHub - Account Abstraction<\/a>)) These accounts will most likely be seen within Layer 2 protocols before eventually making their way to Layer 1 protocols on Ethereum in the near future.<\/p>\n","post_title":"Account Abstraction","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"account-abstraction","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/defi\/\nhttps:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptographic-keys\/","post_modified":"2022-09-10 12:38:14","post_modified_gmt":"2022-09-10 02:38:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

ERC-4337 was endorsed by numerous community members, including payment processor VISA, in December who saw value in the upgrade for auto-scheduled crypto payments. Although there were a lot of questions relating to the delayed launch of the upgrade, in relation to this Ethereum co-founder Vitalik Buterin took to Twitter to let users know that the proposal was \"moving forward<\/a>\".<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631292320162217985\n<\/div><\/figure>\n\n\n\n

What Is Account Abstraction, Smart Accounts, And ERC-4337?<\/h2>\n\n\n\n

Smart accounts are hybrid wallets combining externally owned accounts and smart accounts. EOAs are controlled by someone with\u00a0private keys<\/a>\u00a0and CAs are operated by code and stored within\u00a0smart contracts<\/a>\u00a0\u2013 usually within\u00a0dApps<\/a>\u00a0and\u00a0DeFi<\/a>\u00a0protocols. ERC-4337 allows for the combination of these two without the need for a consensus layer change.<\/p>\n\n\n\n

See Related:<\/em><\/strong> ERC-4337 Standard<\/a><\/p>\n\n\n\n

Smart accounts allow for account abstraction, which improves the functionality and customizability of wallets, as the only requirement needed is to interact with an interface to execute and validate transactions. Smart accounts can be specifically tailored to ones needs.<\/p>\n","post_title":"ERC-4337's Account Abstraction Is Now Live On The Ethereum Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"erc-4337s-account-abstraction-is-now-live-on-the-ethereum-blockchain","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/erc-4337-standard\/\nhttps:\/\/www.thedistributed.co\/ethereum-virtual-machine\/","post_modified":"2023-04-10 17:30:59","post_modified_gmt":"2023-04-10 07:30:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6934,"post_author":"1","post_date":"2022-09-06 21:54:59","post_date_gmt":"2022-09-06 11:54:59","post_content":"\n

What Is Account Abstraction In Crypto?<\/h2>\n\n\n\n

On Ethereum, there are two types of accounts; externally owned accounts (EOAs) and contract accounts (CAs). EOAs are controlled by someone with private keys<\/a> and CAs are opperated by code and stored within smart contracts<\/a> - usually within dApps<\/a> and DeFi<\/a> protocols.<\/p>\n\n\n\n

Account abstraction merges EOAs and CAs into one standardized contract account. ((EthHub - Account Abstraction<\/a>)) <\/p>\n\n\n\n

Why Is Account Abstraction Used?<\/h2>\n\n\n\n

Account abstraction reduces the number of wallets holding Ether and moves the functionality and logic of wallets from the core protocol<\/a> to the Ethereum Virtual Machine <\/a>(EVM).((Ismael Darwish\/Nethermind.io - The History and Future of Account Abstraction<\/a>)) <\/p>\n\n\n\n

This turns wallets into smart contracts, each wallet\/contract defining what a valid transaction may look like. This greatly improves the functionality and customizability of wallets, as the only requirement needed is to interact with an interface to execute and validate transactions. <\/p>\n\n\n\n

Wallets can now be specifically tailored to one's needs, rather than a one-account-fits-all. <\/p>\n\n\n\n

Where Is Account Abstraction Used?<\/h2>\n\n\n\n

EIP-2938 introduced account abstraction, where a smart contract could be the top level account that pays fees and executes transactions.((EIP-2938 - Account Abstraction<\/a>)) Although, this EIP has become stagnant.<\/p>\n\n\n\n

ERC-4337<\/a>, Account Abstraction via Entry Point Contract Specification, was introduced 25 days after EIP-2938. It is a proposal that would enable customizability to wallets while voiding the need for consensus<\/a>-layer protocol changes.((Ethereum Improvement Proposals \u2013 EIP-4337: Account Abstraction via Entry Point Contract Specification<\/a>))<\/p>\n\n\n\n

The benefits of using abstracted contract accounts include creativity in the design of users' wallets such as multi-sig, social recovery, quantum-safe signature algorithms, upgradeability, and heightened decentralization making it a key feature of Ethereum after it merges into a proof-of-stake<\/a> consensus.((EthHub - Account Abstraction<\/a>)) These accounts will most likely be seen within Layer 2 protocols before eventually making their way to Layer 1 protocols on Ethereum in the near future.<\/p>\n","post_title":"Account Abstraction","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"account-abstraction","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/defi\/\nhttps:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptographic-keys\/","post_modified":"2022-09-10 12:38:14","post_modified_gmt":"2022-09-10 02:38:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

\u201cSo now, users don\u2019t need to think about writing down 12 words on a piece of paper, but instead, they are able to add and remove devices and include recovery options with a friend or a lawyer,\u201d <\/em>Weiss said.<\/p>\n\n\n\n

ERC-4337 was endorsed by numerous community members, including payment processor VISA, in December who saw value in the upgrade for auto-scheduled crypto payments. Although there were a lot of questions relating to the delayed launch of the upgrade, in relation to this Ethereum co-founder Vitalik Buterin took to Twitter to let users know that the proposal was \"moving forward<\/a>\".<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631292320162217985\n<\/div><\/figure>\n\n\n\n

What Is Account Abstraction, Smart Accounts, And ERC-4337?<\/h2>\n\n\n\n

Smart accounts are hybrid wallets combining externally owned accounts and smart accounts. EOAs are controlled by someone with\u00a0private keys<\/a>\u00a0and CAs are operated by code and stored within\u00a0smart contracts<\/a>\u00a0\u2013 usually within\u00a0dApps<\/a>\u00a0and\u00a0DeFi<\/a>\u00a0protocols. ERC-4337 allows for the combination of these two without the need for a consensus layer change.<\/p>\n\n\n\n

See Related:<\/em><\/strong> ERC-4337 Standard<\/a><\/p>\n\n\n\n

Smart accounts allow for account abstraction, which improves the functionality and customizability of wallets, as the only requirement needed is to interact with an interface to execute and validate transactions. Smart accounts can be specifically tailored to ones needs.<\/p>\n","post_title":"ERC-4337's Account Abstraction Is Now Live On The Ethereum Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"erc-4337s-account-abstraction-is-now-live-on-the-ethereum-blockchain","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/erc-4337-standard\/\nhttps:\/\/www.thedistributed.co\/ethereum-virtual-machine\/","post_modified":"2023-04-10 17:30:59","post_modified_gmt":"2023-04-10 07:30:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6934,"post_author":"1","post_date":"2022-09-06 21:54:59","post_date_gmt":"2022-09-06 11:54:59","post_content":"\n

What Is Account Abstraction In Crypto?<\/h2>\n\n\n\n

On Ethereum, there are two types of accounts; externally owned accounts (EOAs) and contract accounts (CAs). EOAs are controlled by someone with private keys<\/a> and CAs are opperated by code and stored within smart contracts<\/a> - usually within dApps<\/a> and DeFi<\/a> protocols.<\/p>\n\n\n\n

Account abstraction merges EOAs and CAs into one standardized contract account. ((EthHub - Account Abstraction<\/a>)) <\/p>\n\n\n\n

Why Is Account Abstraction Used?<\/h2>\n\n\n\n

Account abstraction reduces the number of wallets holding Ether and moves the functionality and logic of wallets from the core protocol<\/a> to the Ethereum Virtual Machine <\/a>(EVM).((Ismael Darwish\/Nethermind.io - The History and Future of Account Abstraction<\/a>)) <\/p>\n\n\n\n

This turns wallets into smart contracts, each wallet\/contract defining what a valid transaction may look like. This greatly improves the functionality and customizability of wallets, as the only requirement needed is to interact with an interface to execute and validate transactions. <\/p>\n\n\n\n

Wallets can now be specifically tailored to one's needs, rather than a one-account-fits-all. <\/p>\n\n\n\n

Where Is Account Abstraction Used?<\/h2>\n\n\n\n

EIP-2938 introduced account abstraction, where a smart contract could be the top level account that pays fees and executes transactions.((EIP-2938 - Account Abstraction<\/a>)) Although, this EIP has become stagnant.<\/p>\n\n\n\n

ERC-4337<\/a>, Account Abstraction via Entry Point Contract Specification, was introduced 25 days after EIP-2938. It is a proposal that would enable customizability to wallets while voiding the need for consensus<\/a>-layer protocol changes.((Ethereum Improvement Proposals \u2013 EIP-4337: Account Abstraction via Entry Point Contract Specification<\/a>))<\/p>\n\n\n\n

The benefits of using abstracted contract accounts include creativity in the design of users' wallets such as multi-sig, social recovery, quantum-safe signature algorithms, upgradeability, and heightened decentralization making it a key feature of Ethereum after it merges into a proof-of-stake<\/a> consensus.((EthHub - Account Abstraction<\/a>)) These accounts will most likely be seen within Layer 2 protocols before eventually making their way to Layer 1 protocols on Ethereum in the near future.<\/p>\n","post_title":"Account Abstraction","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"account-abstraction","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/defi\/\nhttps:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptographic-keys\/","post_modified":"2022-09-10 12:38:14","post_modified_gmt":"2022-09-10 02:38:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Along with being available on every EVM, the upgrade is also enabled on every EVM-compatible blockchain. This includes; Binance Smart Chain, Polygon, and Avalanche.<\/p>\n\n\n\n

\u201cSo now, users don\u2019t need to think about writing down 12 words on a piece of paper, but instead, they are able to add and remove devices and include recovery options with a friend or a lawyer,\u201d <\/em>Weiss said.<\/p>\n\n\n\n

ERC-4337 was endorsed by numerous community members, including payment processor VISA, in December who saw value in the upgrade for auto-scheduled crypto payments. Although there were a lot of questions relating to the delayed launch of the upgrade, in relation to this Ethereum co-founder Vitalik Buterin took to Twitter to let users know that the proposal was \"moving forward<\/a>\".<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631292320162217985\n<\/div><\/figure>\n\n\n\n

What Is Account Abstraction, Smart Accounts, And ERC-4337?<\/h2>\n\n\n\n

Smart accounts are hybrid wallets combining externally owned accounts and smart accounts. EOAs are controlled by someone with\u00a0private keys<\/a>\u00a0and CAs are operated by code and stored within\u00a0smart contracts<\/a>\u00a0\u2013 usually within\u00a0dApps<\/a>\u00a0and\u00a0DeFi<\/a>\u00a0protocols. ERC-4337 allows for the combination of these two without the need for a consensus layer change.<\/p>\n\n\n\n

See Related:<\/em><\/strong> ERC-4337 Standard<\/a><\/p>\n\n\n\n

Smart accounts allow for account abstraction, which improves the functionality and customizability of wallets, as the only requirement needed is to interact with an interface to execute and validate transactions. Smart accounts can be specifically tailored to ones needs.<\/p>\n","post_title":"ERC-4337's Account Abstraction Is Now Live On The Ethereum Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"erc-4337s-account-abstraction-is-now-live-on-the-ethereum-blockchain","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/erc-4337-standard\/\nhttps:\/\/www.thedistributed.co\/ethereum-virtual-machine\/","post_modified":"2023-04-10 17:30:59","post_modified_gmt":"2023-04-10 07:30:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6934,"post_author":"1","post_date":"2022-09-06 21:54:59","post_date_gmt":"2022-09-06 11:54:59","post_content":"\n

What Is Account Abstraction In Crypto?<\/h2>\n\n\n\n

On Ethereum, there are two types of accounts; externally owned accounts (EOAs) and contract accounts (CAs). EOAs are controlled by someone with private keys<\/a> and CAs are opperated by code and stored within smart contracts<\/a> - usually within dApps<\/a> and DeFi<\/a> protocols.<\/p>\n\n\n\n

Account abstraction merges EOAs and CAs into one standardized contract account. ((EthHub - Account Abstraction<\/a>)) <\/p>\n\n\n\n

Why Is Account Abstraction Used?<\/h2>\n\n\n\n

Account abstraction reduces the number of wallets holding Ether and moves the functionality and logic of wallets from the core protocol<\/a> to the Ethereum Virtual Machine <\/a>(EVM).((Ismael Darwish\/Nethermind.io - The History and Future of Account Abstraction<\/a>)) <\/p>\n\n\n\n

This turns wallets into smart contracts, each wallet\/contract defining what a valid transaction may look like. This greatly improves the functionality and customizability of wallets, as the only requirement needed is to interact with an interface to execute and validate transactions. <\/p>\n\n\n\n

Wallets can now be specifically tailored to one's needs, rather than a one-account-fits-all. <\/p>\n\n\n\n

Where Is Account Abstraction Used?<\/h2>\n\n\n\n

EIP-2938 introduced account abstraction, where a smart contract could be the top level account that pays fees and executes transactions.((EIP-2938 - Account Abstraction<\/a>)) Although, this EIP has become stagnant.<\/p>\n\n\n\n

ERC-4337<\/a>, Account Abstraction via Entry Point Contract Specification, was introduced 25 days after EIP-2938. It is a proposal that would enable customizability to wallets while voiding the need for consensus<\/a>-layer protocol changes.((Ethereum Improvement Proposals \u2013 EIP-4337: Account Abstraction via Entry Point Contract Specification<\/a>))<\/p>\n\n\n\n

The benefits of using abstracted contract accounts include creativity in the design of users' wallets such as multi-sig, social recovery, quantum-safe signature algorithms, upgradeability, and heightened decentralization making it a key feature of Ethereum after it merges into a proof-of-stake<\/a> consensus.((EthHub - Account Abstraction<\/a>)) These accounts will most likely be seen within Layer 2 protocols before eventually making their way to Layer 1 protocols on Ethereum in the near future.<\/p>\n","post_title":"Account Abstraction","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"account-abstraction","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/defi\/\nhttps:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptographic-keys\/","post_modified":"2022-09-10 12:38:14","post_modified_gmt":"2022-09-10 02:38:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT
\n

Yoav Weiss, a security researcher at the Ethereum Foundation, announced at WalletCon Denver<\/a> that the core contracts for ERC-4337 <\/a>passed audits from Open Zeppelin and will be available on every Ethereum Virtual Machine (EVM<\/a>).<\/p>\n\n\n\n

Along with being available on every EVM, the upgrade is also enabled on every EVM-compatible blockchain. This includes; Binance Smart Chain, Polygon, and Avalanche.<\/p>\n\n\n\n

\u201cSo now, users don\u2019t need to think about writing down 12 words on a piece of paper, but instead, they are able to add and remove devices and include recovery options with a friend or a lawyer,\u201d <\/em>Weiss said.<\/p>\n\n\n\n

ERC-4337 was endorsed by numerous community members, including payment processor VISA, in December who saw value in the upgrade for auto-scheduled crypto payments. Although there were a lot of questions relating to the delayed launch of the upgrade, in relation to this Ethereum co-founder Vitalik Buterin took to Twitter to let users know that the proposal was \"moving forward<\/a>\".<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/TheDistributed_\/status\/1631292320162217985\n<\/div><\/figure>\n\n\n\n

What Is Account Abstraction, Smart Accounts, And ERC-4337?<\/h2>\n\n\n\n

Smart accounts are hybrid wallets combining externally owned accounts and smart accounts. EOAs are controlled by someone with\u00a0private keys<\/a>\u00a0and CAs are operated by code and stored within\u00a0smart contracts<\/a>\u00a0\u2013 usually within\u00a0dApps<\/a>\u00a0and\u00a0DeFi<\/a>\u00a0protocols. ERC-4337 allows for the combination of these two without the need for a consensus layer change.<\/p>\n\n\n\n

See Related:<\/em><\/strong> ERC-4337 Standard<\/a><\/p>\n\n\n\n

Smart accounts allow for account abstraction, which improves the functionality and customizability of wallets, as the only requirement needed is to interact with an interface to execute and validate transactions. Smart accounts can be specifically tailored to ones needs.<\/p>\n","post_title":"ERC-4337's Account Abstraction Is Now Live On The Ethereum Blockchain","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"erc-4337s-account-abstraction-is-now-live-on-the-ethereum-blockchain","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/erc-4337-standard\/\nhttps:\/\/www.thedistributed.co\/ethereum-virtual-machine\/","post_modified":"2023-04-10 17:30:59","post_modified_gmt":"2023-04-10 07:30:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10197","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":6934,"post_author":"1","post_date":"2022-09-06 21:54:59","post_date_gmt":"2022-09-06 11:54:59","post_content":"\n

What Is Account Abstraction In Crypto?<\/h2>\n\n\n\n

On Ethereum, there are two types of accounts; externally owned accounts (EOAs) and contract accounts (CAs). EOAs are controlled by someone with private keys<\/a> and CAs are opperated by code and stored within smart contracts<\/a> - usually within dApps<\/a> and DeFi<\/a> protocols.<\/p>\n\n\n\n

Account abstraction merges EOAs and CAs into one standardized contract account. ((EthHub - Account Abstraction<\/a>)) <\/p>\n\n\n\n

Why Is Account Abstraction Used?<\/h2>\n\n\n\n

Account abstraction reduces the number of wallets holding Ether and moves the functionality and logic of wallets from the core protocol<\/a> to the Ethereum Virtual Machine <\/a>(EVM).((Ismael Darwish\/Nethermind.io - The History and Future of Account Abstraction<\/a>)) <\/p>\n\n\n\n

This turns wallets into smart contracts, each wallet\/contract defining what a valid transaction may look like. This greatly improves the functionality and customizability of wallets, as the only requirement needed is to interact with an interface to execute and validate transactions. <\/p>\n\n\n\n

Wallets can now be specifically tailored to one's needs, rather than a one-account-fits-all. <\/p>\n\n\n\n

Where Is Account Abstraction Used?<\/h2>\n\n\n\n

EIP-2938 introduced account abstraction, where a smart contract could be the top level account that pays fees and executes transactions.((EIP-2938 - Account Abstraction<\/a>)) Although, this EIP has become stagnant.<\/p>\n\n\n\n

ERC-4337<\/a>, Account Abstraction via Entry Point Contract Specification, was introduced 25 days after EIP-2938. It is a proposal that would enable customizability to wallets while voiding the need for consensus<\/a>-layer protocol changes.((Ethereum Improvement Proposals \u2013 EIP-4337: Account Abstraction via Entry Point Contract Specification<\/a>))<\/p>\n\n\n\n

The benefits of using abstracted contract accounts include creativity in the design of users' wallets such as multi-sig, social recovery, quantum-safe signature algorithms, upgradeability, and heightened decentralization making it a key feature of Ethereum after it merges into a proof-of-stake<\/a> consensus.((EthHub - Account Abstraction<\/a>)) These accounts will most likely be seen within Layer 2 protocols before eventually making their way to Layer 1 protocols on Ethereum in the near future.<\/p>\n","post_title":"Account Abstraction","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"account-abstraction","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/proof-of-stake\/\nhttps:\/\/www.thedistributed.co\/defi\/\nhttps:\/\/www.thedistributed.co\/smart-contracts\/\nhttps:\/\/www.thedistributed.co\/cryptographic-keys\/","post_modified":"2022-09-10 12:38:14","post_modified_gmt":"2022-09-10 02:38:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=6934","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT

Account Abstraction

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

ADVERTISEMENT