Ethereum Foundation to Implement Changes for Reduced Gas Usage
The Ethereum Foundation intends to implement significant modifications to the Ethereum account abstraction standard in an effort to reduce gas consumption, specifically for layer 2 networks. The Ethereum Foundation released a sneak peek of the significant modifications to the ERC-4337 standard specification on January 10. These modifications pertain to smart accounts or account abstraction. Developer […]
Ethereum launches ERC-4337 ‘smart accounts’
ERC-4337, often known as “smart accounts,” was introduced by Ethereum developer Yoav Weiss on March 1 at WalletCon in Denver, Colorado. Account abstraction is another name for ERC-4337 (formerly EIP-4337). It serves as the foundation for many functionality, including group-access wallets and account recovery. Bundled and sponsored transactions with lower transaction fees are some more […]