Discover and read the best of Twitter Threads about #ERC4337
Most recents (10)
Let’s talk #ERC4337.
It’s a new #Ethereum standard that introduces “Account Abstraction,” or smart account, capabilities in production.
A thread🧵👇
1/21
It’s a new #Ethereum standard that introduces “Account Abstraction,” or smart account, capabilities in production.
A thread🧵👇
1/21
#NFT Innovations🔥
#ERC721C (programmable, on-chain royalties), #ERC6551 (token-bound accounts), and #ERC4337 (smart contract wallets) are emerging primitives that add new innovations to on-chain gaming, media, and social.
1/8 Here’s some helpful info to know (video shorts):
#ERC721C (programmable, on-chain royalties), #ERC6551 (token-bound accounts), and #ERC4337 (smart contract wallets) are emerging primitives that add new innovations to on-chain gaming, media, and social.
1/8 Here’s some helpful info to know (video shorts):
2/8 Programmable on-chain royalties #ERC721C (not yet an official standard though)
3/8 Problems with prior royalties standard (#EIP2981) - not enforceable on-chain
@samczsun describes a fresh governance attack on @TornadoCash.
@CupOJoseph on converting your old GameBoy to the perfect retro-secure offline cold wallet.
At @Visa, our goal is to always stay ahead of the curve. We're currently exploring the untapped potential of smart contracts, the future of programmable money and payments. We've recently delved into #AA , enabled by #ERC4337 and the exciting possibilities it opens up 🧵👇
Our experiments with ERC 4337 have focused on two unique use cases, deploying Paymaster contracts to evaluate their utility. We're looking at how these can address real world problems and enhance customer experiences with on-chain interactions
As blockchain tech continues to penetrate the mainstream, self-custodial wallets are gaining traction. Since Ethereum’s inception, roughly 180 million unique addresses have transacted, illustrating the growing popularity of digital currencies
"ERC-4337" - the future of Ethereum wallets or another trust trap? 🔐
Last night, I listened in on an interesting conversation hosted by @_joinfire in their Twitter Space.
People seem to be both excited and skeptical about it.
Let's dive in and understand a little...
🧵1/17🧵
Last night, I listened in on an interesting conversation hosted by @_joinfire in their Twitter Space.
People seem to be both excited and skeptical about it.
Let's dive in and understand a little...
🧵1/17🧵
🗂️ Things we will be talking about:
- What is ERC-4337?
- Account Abstraction
- UserOperations
- Alternative Mempool
- Entry Point
- Paymaster
- Trust issues
🧵2/17🧵
- What is ERC-4337?
- Account Abstraction
- UserOperations
- Alternative Mempool
- Entry Point
- Paymaster
- Trust issues
🧵2/17🧵
First, what is ERC-4337? 🤔 ❔
It's a proposed #Ethereum Improvement Proposal (EIP) that aims to enhance wallet UX, reduce gas fees, and secure off-chain transactions. Let's look at some of the key-components of this EIP.
🧵3/17🧵
It's a proposed #Ethereum Improvement Proposal (EIP) that aims to enhance wallet UX, reduce gas fees, and secure off-chain transactions. Let's look at some of the key-components of this EIP.
🧵3/17🧵
1/14 A new mental model to help wrap your mind around #ERC4337: 4337 adds a new “user intent layer” upstream/on top of the existing transaction flow.
The big unlock (for me at least): working backwards from the current Ethereum EOA model. 🧵
The big unlock (for me at least): working backwards from the current Ethereum EOA model. 🧵
2/14 Let’s start with the current EOA tx flow. A user accesses their EOA via a non-custodial wallet – such as Metamask or Ledger – to compose, sign, and submit a TX to the public mempool. The ‘sign & submit’ step is critical because 4337 does not require a hard fork. How?
3/14 Under ERC-4337, users access their on-chain Smart Contract Wallet via a 4337-compliant wallet. But in order to make changes to their Smart Contract Wallet, users still need to compose/sign/submit a valid transaction to the network… which still requires an EOA of course.
Why Account Abstraction (#erc4337) is changing the game👇🏼🧵
Quick analogy:
ERC-4337 going live on mainnet is like paving over a remote jungle trail with 20-lane super highway!
This kicks open the barriers to web3 mass adoption.
Here's why👇🏼
Quick analogy:
ERC-4337 going live on mainnet is like paving over a remote jungle trail with 20-lane super highway!
This kicks open the barriers to web3 mass adoption.
Here's why👇🏼
Think of Account Abstraction (ERC-4337) as a way to program smart contracts.
The possibilities are endless.
Programming smart contracts makes blockchain transactions customisable to ANY user logic.
This is the tip of the iceberg.
Here're 5 ways to leverage ERC-4337👇🏼
The possibilities are endless.
Programming smart contracts makes blockchain transactions customisable to ANY user logic.
This is the tip of the iceberg.
Here're 5 ways to leverage ERC-4337👇🏼
1. dApps can sponsor gas fees for users.
This is critical when onboarding Web2 users, as it removes the complexities of gas fees management.
Even Grandma can go Gasless!
This is critical when onboarding Web2 users, as it removes the complexities of gas fees management.
Even Grandma can go Gasless!
1/12: 🚨Exciting news for #web3 enthusiasts! ERC4337 has launched on mainnet. I spent 10 hours diving into documentation, code, and ETH Con videos so you wouldn't have to. Here are the key takeaways 🧵
2/12: 🧐ERC4337 - Account Abstraction is a suite of smart contracts that allows anyone to deploy “smart contract wallets”. These wallets are different from EOA’s (externally owned accounts) as they don’t have a private key.
3/12: 🌟ERC4337 aims to play a pivotal role in the mass adoption of web3. It allows for tooling like social sign-in smart contracts (managed by a centralized entity), social recovery for wallets, and "gasless" transactions via paymasters.
As a founder in web3, I'm always on the lookout for new tools and technologies that can help us achieve our web3 incubator’s mission
That's why I'm so excited about the ERC-4337 crypto wallet.
@pixelabs_xyz
🧵👇
That's why I'm so excited about the ERC-4337 crypto wallet.
@pixelabs_xyz
🧵👇
1/13🔥 #ERC4337 is a revolutionary proposal that can have the same impact as The Merge in terms of aiding mass adoption of crypto, and it's not getting the attention it deserves.
2/13🔥 In my view, ERC-4337 is almost a silver bullet for infrastructure development.
Its goal is to introduce Smart Accounts (think Smart Contracts) to the Ethereum Blockchain, making interactions with Ethereum significantly more user-friendly.
Its goal is to introduce Smart Accounts (think Smart Contracts) to the Ethereum Blockchain, making interactions with Ethereum significantly more user-friendly.
Alright, you've seen ERC-4337 pop-up but have no idea what it is really about?
No worries, I got you covered! 🧵
#ERC4337 #web3 #crypto #smartcontracts
No worries, I got you covered! 🧵
#ERC4337 #web3 #crypto #smartcontracts
1/
The introduction of ERC-4337 has just given web3 a massive UX upgrade! The goal is to make crypto accessible to everyone, and this new development is a big step towards that. So what exactly is ERC-4337?
The introduction of ERC-4337 has just given web3 a massive UX upgrade! The goal is to make crypto accessible to everyone, and this new development is a big step towards that. So what exactly is ERC-4337?
2/
In a nutshell, it's a way to convert crypto wallets into programmable smart contracts. This abstracts away many of the complexities that made crypto a bad user experience, making it more accessible for everyone.
In a nutshell, it's a way to convert crypto wallets into programmable smart contracts. This abstracts away many of the complexities that made crypto a bad user experience, making it more accessible for everyone.
