Account Abstraction in Ethereum

What is Account Abstraction?   Account abstraction is an innovative concept in blockchain that seeks to unify and enhance the functionality of user accounts within a decentralized system. In the Ethereum network, two types of accounts currently exist: Externally Owned Accounts (EOAs): Controlled by private keys and usually belonging to individuals or entities. Contract Accounts: Smart contracts that are executed based on specific logic written in their code.

  Weekly News   Nov 3, 2024   0  Add to Reading List
Account Abstraction in Ethereum
Account Abstraction in Ethereum: Part 1

What is Account Abstraction?

 

Account abstraction is an innovative concept in blockchain that seeks to unify and enhance the functionality of user accounts within a decentralized system. In the Ethereum network, two types of accounts currently exist:

  • Externally Owned Accounts (EOAs): Controlled by private keys and usually belonging to individuals or entities.
  • Contract Accounts: Smart contracts that are executed based on specific logic written in their code.

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