This weekโs glossary covers EIP-4337, a proposal meant to handle a top preoccupation of the #Ethereum community: ๐๐๐๐จ๐ฎ๐ง๐ญ ๐๐๐ฌ๐ญ๐ซ๐๐๐ญ๐ข๐จ๐ง.
Weโll go over why the proposal was necessary and what solution it offers.๐งต๐
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First, a quick note: #accountabstraction allows a contract to become the top-level account that handles fees and starts the execution of the transaction.
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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 โ nonces, signatures, etc.