The Cardano Blockchain has picked up a lot of momentum within the past month. With over 400 new projects coming to light and 100,000 new wallets being created.<\/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"},{"ID":4465,"post_author":"1","post_date":"2022-04-21 00:53:18","post_date_gmt":"2022-04-20 14:53:18","post_content":"\n The Cardano Blockchain has picked up a lot of momentum within the past month. With over 400 new projects coming to light and 100,000 new wallets being created.<\/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"},{"ID":4465,"post_author":"1","post_date":"2022-04-21 00:53:18","post_date_gmt":"2022-04-20 14:53:18","post_content":"\n The Cardano Blockchain has picked up a lot of momentum within the past month. With over 400 new projects coming to light and 100,000 new wallets being created.<\/p>\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"},{"ID":4465,"post_author":"1","post_date":"2022-04-21 00:53:18","post_date_gmt":"2022-04-20 14:53:18","post_content":"\n The Cardano Blockchain has picked up a lot of momentum within the past month. With over 400 new projects coming to light and 100,000 new wallets being created.<\/p>\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"},{"ID":4465,"post_author":"1","post_date":"2022-04-21 00:53:18","post_date_gmt":"2022-04-20 14:53:18","post_content":"\n The Cardano Blockchain has picked up a lot of momentum within the past month. With over 400 new projects coming to light and 100,000 new wallets being created.<\/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 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"},{"ID":4465,"post_author":"1","post_date":"2022-04-21 00:53:18","post_date_gmt":"2022-04-20 14:53:18","post_content":"\n The Cardano Blockchain has picked up a lot of momentum within the past month. With over 400 new projects coming to light and 100,000 new wallets being created.<\/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 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"},{"ID":4465,"post_author":"1","post_date":"2022-04-21 00:53:18","post_date_gmt":"2022-04-20 14:53:18","post_content":"\n The Cardano Blockchain has picked up a lot of momentum within the past month. With over 400 new projects coming to light and 100,000 new wallets being created.<\/p>\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 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"},{"ID":4465,"post_author":"1","post_date":"2022-04-21 00:53:18","post_date_gmt":"2022-04-20 14:53:18","post_content":"\n The Cardano Blockchain has picked up a lot of momentum within the past month. With over 400 new projects coming to light and 100,000 new wallets being created.<\/p>\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 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"},{"ID":4465,"post_author":"1","post_date":"2022-04-21 00:53:18","post_date_gmt":"2022-04-20 14:53:18","post_content":"\n The Cardano Blockchain has picked up a lot of momentum within the past month. With over 400 new projects coming to light and 100,000 new wallets being created.<\/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 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 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"},{"ID":4465,"post_author":"1","post_date":"2022-04-21 00:53:18","post_date_gmt":"2022-04-20 14:53:18","post_content":"\n The Cardano Blockchain has picked up a lot of momentum within the past month. With over 400 new projects coming to light and 100,000 new wallets being created.<\/p>\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 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 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"},{"ID":4465,"post_author":"1","post_date":"2022-04-21 00:53:18","post_date_gmt":"2022-04-20 14:53:18","post_content":"\n The Cardano Blockchain has picked up a lot of momentum within the past month. With over 400 new projects coming to light and 100,000 new wallets being created.<\/p>\n\n\n\n
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Where Is Account Abstraction Used?<\/h2>\n\n\n\n
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Where Is Account Abstraction Used?<\/h2>\n\n\n\n
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Where Is Account Abstraction Used?<\/h2>\n\n\n\n
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Where Is Account Abstraction Used?<\/h2>\n\n\n\n
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Why Is Account Abstraction Used?<\/h2>\n\n\n\n
Where Is Account Abstraction Used?<\/h2>\n\n\n\n
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Why Is Account Abstraction Used?<\/h2>\n\n\n\n
Where Is Account Abstraction Used?<\/h2>\n\n\n\n
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Why Is Account Abstraction Used?<\/h2>\n\n\n\n
Where Is Account Abstraction Used?<\/h2>\n\n\n\n
