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Kristof Gazso | kristof.eth
@kristofgazso
founder @pimlicoHQ | co-author of ERC-4337 | slow is fake
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Nov 24, 2022
•
24 tweets
•
5 min read
We are witnessing the rise of non-financial applications on Ethereum.
But there is a problem: if we stay with our current account model, these apps will be unusable.
Account Abstraction solves this!
Here's how:
(🧵)
1/
Some background:
Many non-financial Dapps like Dark Forest require the user to quickly take many actions on-chain.
There are currently two ways these Dapps can get around this problem.
One way is to keep relying on your already existing wallet.
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Oct 2, 2022
•
18 tweets
•
7 min read
After a successful Merge, Account Abstraction (AA) is shaping itself to be the new 'big thing' on the horizon for Ethereum.
The name makes it sound like a scary concept, but it is in fact very simple
A thread 🧵 on what Account Abstraction is and why you should care about it:
https://twitter.com/VitalikButerin/status/1576199517434949634
Ethereum currently has two types of accounts:
1.
Externally Owned Accounts (EOAs): these accounts are simply controlled by a private key that derives to a specific address. They are what most users use to interact with the blockchain. Think
@MetaMask
,
@rainbowdotme
, and
@Ledger