Discover and read the best of Twitter Threads about #accountabstraction
Most recents (12)
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
1/ There's a hot new narrative to bring mass adoption to Web3.
It's not just a passing fad, but a powerful shift in the way we interact with the Web3.
There's just one problem: It doesn't have a catchy name yet.
Here's what it's all about: 🧵
It's not just a passing fad, but a powerful shift in the way we interact with the Web3.
There's just one problem: It doesn't have a catchy name yet.
Here's what it's all about: 🧵
2/ My girlfriend recently bought crypto for the first time.
As I gradually introduce her to the world of #DeFi, I've become more aware of the challenges newcomers face:
• Seed phrases
• High gas fees
• Bad UX
• Crypto jargon, etc.
As I gradually introduce her to the world of #DeFi, I've become more aware of the challenges newcomers face:
• Seed phrases
• High gas fees
• Bad UX
• Crypto jargon, etc.
3/ Recent developments & projects are revolutionizing how we use crypto.
The key catalyst for why NOW is the time is EIP-4337.
The upgrade brings Account Abstraction to the next level.
"It gives you the same features a bank would without having to trust a bank." - @yoavw
The key catalyst for why NOW is the time is EIP-4337.
The upgrade brings Account Abstraction to the next level.
"It gives you the same features a bank would without having to trust a bank." - @yoavw
1/ Account Abstraction will enable you to recover your private keys, setup automatic payments, setup new wallet within 30 secs, and so many things.
It's the most important development in Web3 right now.
Here's everything you should know about it.
🧵🧵🧵🧵
#AccountAbstraction
It's the most important development in Web3 right now.
Here's everything you should know about it.
🧵🧵🧵🧵
#AccountAbstraction
2/ You can't become your own bank even if you want.
The experience of using a crypto wallet or web3 application has always been so painful. More than 15% supply of bitcoin has been lost because people forgot their private keys.
The experience of using a crypto wallet or web3 application has always been so painful. More than 15% supply of bitcoin has been lost because people forgot their private keys.
3/ Web3 User Onboarding Experience Sucks
Web3 Onboarding Involves 4 Steps:
- Setting up wallet
- Saving Seed Phrases
- Sending funds to wallet
- Connect wallet to Web3
New users take 15-30 mins to figure out these steps.
Web3 Onboarding Involves 4 Steps:
- Setting up wallet
- Saving Seed Phrases
- Sending funds to wallet
- Connect wallet to Web3
New users take 15-30 mins to figure out these steps.
The rumors are true... ERC-4337 has been deployed on mainnet 🚀
🔍 Security audit by @OpenZeppelin
🛠️ Bundlers and paymasters by @stackup_fi, @AlchemyPlatform, @biconomy , @etherspot, @candidewallet, @blocknative & more
🏗️ $300K in grants by @ethereum
🔍 Security audit by @OpenZeppelin
🛠️ Bundlers and paymasters by @stackup_fi, @AlchemyPlatform, @biconomy , @etherspot, @candidewallet, @blocknative & more
🏗️ $300K in grants by @ethereum
Leading up to this release, our team has conducted an incremental security audit by @OpenZeppelin (first audit was in April 2022)
Their team provided us with valuable feedback and recommendations to enhance the security and reliability of the protocol
blog.openzeppelin.com/eip-4337-ether…
Their team provided us with valuable feedback and recommendations to enhance the security and reliability of the protocol
blog.openzeppelin.com/eip-4337-ether…
@stackup_fi was first to create a fully compliant bundler 💪 You can now access their free node service on Ethereum (mainnet, Goerli) & Polygon (mainnet, Mumbai). Stackup's paymaster service is also live! To get started, check out their guide at docs.stackup.sh
Story Monday 🧑🍼
If you read our last week' story then you should be familiar with ZKP and how the tech can potentially drive a new crypto narrative
Now is the time to learn about Account Abstraction, an upcoming paradigm that most hope will definitely bring crypto adoption
If you read our last week' story then you should be familiar with ZKP and how the tech can potentially drive a new crypto narrative
Now is the time to learn about Account Abstraction, an upcoming paradigm that most hope will definitely bring crypto adoption
Here is our precedent story if you missed it, Starring Sam, the FBI and a Corolla.😈
Here again, we will make things as simple as possible🤝
Here again, we will make things as simple as possible🤝
Once upon a time in the world of blockchain, there lived two types of accounts - Contract Accounts and Externally Owned Accounts (EOAs)
Contract Accounts were like the castles of the blockchain world, controlled by code, that could be triggered by transactions initiated by EOAs.
Contract Accounts were like the castles of the blockchain world, controlled by code, that could be triggered by transactions initiated by EOAs.
🧵
The year 2023 has just begun and a lot has already happened!
Let’s catch up on new Braavos versions, partnerships, insights on the tech and more!.
This is your Braavos Bi-Weekly Recap in a 2 min read 👇
The year 2023 has just begun and a lot has already happened!
Let’s catch up on new Braavos versions, partnerships, insights on the tech and more!.
This is your Braavos Bi-Weekly Recap in a 2 min read 👇
1/
The first use case study of how #AccountAbstraction allows building a more secure and intuitive wallet was released on Thursday!
🤝 Thanks again, @StarkWareLtd for this collaboration!
The first use case study of how #AccountAbstraction allows building a more secure and intuitive wallet was released on Thursday!
🤝 Thanks again, @StarkWareLtd for this collaboration!
2/
In a space hosted by @zkLend, we explored the potential of smart contract wallets for better UX and security.🔐
We published the key parts of the talk in an article available here:
In a space hosted by @zkLend, we explored the potential of smart contract wallets for better UX and security.🔐
We published the key parts of the talk in an article available here:
Missed our Community Call yesterday?
We got you.
Save this thread of exciting updates for 2023!
In-coming: #BiconomySDK upgrades and the Biconomy Relayer Network (BRN)🎉
We got you.
Save this thread of exciting updates for 2023!
In-coming: #BiconomySDK upgrades and the Biconomy Relayer Network (BRN)🎉
In 2022, we saw real growth in a tough crypto winter 🏔️
More than 15M mainnet transactions (latest figures), 1.75M unique users, and almost 380 active dApps.
More than 15M mainnet transactions (latest figures), 1.75M unique users, and almost 380 active dApps.
Our legacy Gasless found more product-market fit in 2022, with more than $3.2M in gas subsidised across 15M transactions💪
Our cross-chain platform Hyphen recorded $203M in volume. We expect more activity with the release of cross-chain contract calls.
Our cross-chain platform Hyphen recorded $203M in volume. We expect more activity with the release of cross-chain contract calls.
Huge news to the L2 Ecosystem: @Visa is proposing an automatic payments system on #Ethereum using @StarkNetEco! Let's break it down to understand how would that work 🧵🧵
1/ Blockchain adoption is increasing the demand for products with a great user experience and functionality that support real use cases. @Visa is proposing #AccountAbstraction to enable automated programmable payments through smart contracts.
2/ The concept of a Signer & the concept of Account are merged. If the signer is the account & vice versa that means if you lose your signer, you lose everything🤷
3/ As a user you cannot make a mistake bc u'll lose everything too on an example of losing your seed phrase.
@VitalikButerin says that account abstraction (AA) is "something that we've always wanted but have not managed to actually have".
But what is account abstraction, and what are its benefits?
A thread based on the @argentHQ blog series - WTF is account abstraction.
🧵 1/11
But what is account abstraction, and what are its benefits?
A thread based on the @argentHQ blog series - WTF is account abstraction.
🧵 1/11
Right now, Ethereum has two types of accounts: Externally Owned Accounts (EOAs) and Contract Accounts (CAs).
AA essentially narrows it down to Contract Accounts only, allowing these contracts to initiate txs, to pay for tx fees and to be customized to users' needs.
🧵 2/11
AA essentially narrows it down to Contract Accounts only, allowing these contracts to initiate txs, to pay for tx fees and to be customized to users' needs.
🧵 2/11
However, what benefits does AA carry?
In this thread, we will take a dive into the following features:
>Multicall
>Session keys
>Social recovery
>Multi-factor authentication
🧵 3/11
In this thread, we will take a dive into the following features:
>Multicall
>Session keys
>Social recovery
>Multi-factor authentication
🧵 3/11
👋Hello Biconauts,
This week’s glossary covers EIP-4337, a proposal meant to handle a top preoccupation of the #Ethereum community: 𝐀𝐜𝐜𝐨𝐮𝐧𝐭 𝐀𝐛𝐬𝐭𝐫𝐚𝐜𝐭𝐢𝐨𝐧.
We’ll go over why the proposal was necessary and what solution it offers.🧵👇
This week’s glossary covers EIP-4337, a proposal meant to handle a top preoccupation of the #Ethereum community: 𝐀𝐜𝐜𝐨𝐮𝐧𝐭 𝐀𝐛𝐬𝐭𝐫𝐚𝐜𝐭𝐢𝐨𝐧.
We’ll go over why the proposal was necessary and what solution it offers.🧵👇
2/
First, a quick note: #accountabstraction allows a contract to become the top-level account that handles fees and starts the execution of the transaction.
First, a quick note: #accountabstraction allows a contract to become the top-level account that handles fees and starts the execution of the transaction.
3/
Ethereum developers have been preoccupied with account abstraction for a while.
The goal is to use #EVM code not just for implementing the logic of applications but also for the verification logic of individual wallets – nonces, signatures, etc.
Ethereum developers have been preoccupied with account abstraction for a while.
The goal is to use #EVM code not just for implementing the logic of applications but also for the verification logic of individual wallets – nonces, signatures, etc.
#VitalikButerin tweeted about a possible path to build #AccountAbstraction with ERC-4337
Here is a quick Twitter Thread 🧵 on what is #AccountAbstraction and why it is important? 👇
⚡Timeline of #AccountAbstraction Proposals⚡
Here is a quick Twitter Thread 🧵 on what is #AccountAbstraction and why it is important? 👇
⚡Timeline of #AccountAbstraction Proposals⚡
#VitalikButerin proposed initial abstraction changes for #Metropolis in 2016
The goal was to prepare an account security abstraction.
In traditional model, ECDSA and the default nonce scheme are the only way to secure an account.
The goal was to prepare an account security abstraction.
In traditional model, ECDSA and the default nonce scheme are the only way to secure an account.
In the model discussed by #VitalikButerin, all accounts are contracts, contracts can pay for gas, and users are free to define their security model.
