CEO & co-founder of @Blocknative. Building blocks. Illuminating the Dark Forest. Mastering the mempool. Leveling the playing field. Hiring.
Mar 21, 2023 • 14 tweets • 9 min read
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. 🧵
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?