Ethereum founder Vitalik Buterin Provided an update on our account abstraction plan. He said that considering the progress made so far on this feature, the Hegota upgrade could enable the feature within a year.
Vitalik Buterin provides an update on Ethereum account abstraction
to X postVitalik Buterin noted that the account abstraction proposal, which has been in the works since early 2016, has made progress. There is now proposal EIP-8141. Ethereum co-founder That being said, it solves all the remaining problems that account abstraction is intended to solve.
Account abstraction allows transactions to be initiated and verified via smart contracts. This upgrade allows users to automate payments from their wallet while maintaining control over their funds. Vitalik Buterin drew attention to “frame transactions” that enable basic account abstraction. One of the key components of this is Ethereum Features Users can now pay gas fees with tokens other than ETH through the paymaster contract.
Vitalik Buterin gave the example of a user who wants to pay for gas with RAI. Ethereum-based assets. He said you can use the paymaster contract, which is a purpose-built DEX that offers ETH in real time. The Ethereum co-founders break down the transaction frame, which includes distribution, verification, and Paymaster verification, and then execution occurs after the user sends RAI for payment. The paymaster then refunds any unused RAI and converts it to ETH.
The founder’s comment appears. Ethereum Foundation launched This is the content of ‘Strawmap’, which outlines the network’s plans until 2029, with developers working on aspects such as finality and transaction speed. Strawmap also showed that default account abstraction could occur by the second half of this year.
How this aligns with the Cypherpunk ETH vision
Vitalik Buterin said that account abstraction minimizes intermediaries, which is a core principle of ‘ugliness’. Cypherpunk Ethereum” maximizes what users can do even if all the infrastructure in the world goes down except Ethereum. This comes as the Ethereum co-founder pointed out that the account abstraction mechanism is identical to the existing sponsored transaction mechanism, but without the need for an intermediary.
The Ethereum co-founder also mentioned how account abstraction works against privacy protocols, focusing on two strategies. The first is to create a paymaster contract that verifies: Valid ZK-SNARK If you find gas, you pay. The second strategy is to add a 2D nonce. This allows individual accounts to function as a privacy-preserving protocol and receive transactions in parallel for many users.
Vitalik Buterin said that for users of the privacy protocol, this strategy would mean “public broadcasters”, the source of a “huge UX problem,” could be completely eliminated and replaced with a universal public mempool.
At the time of writing, the price of ETH is said to be trading around $2,000, having risen over the past 24 hours. data From CoinMarketCap.
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