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Oct 27, 2022 • 11 tweets • 4 min read
@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
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