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Ethereum Development Focuses on ERC-4337 for Smart Contracts

Май 5, 2024

Yoav Weiss, as an Ethereum developer, has outlined the primary goal of the Ethereum team to enhance smart contract interactions with decentralized applications (dApps) through the establishment of ERC-4337, a novel standard. This standard empowers Ethereum smart contract crypto wallets to oversee asset ownership, a responsibility conventionally fulfilled by externally owned accounts (EOAs), introducing UserOperations as a pseudo-transaction and residing in the alternate memory pool for confirmation.

The ongoing progression of ERC-4337 by Vitalik Buterin and the Ethereum team is aimed at rendering Ethereum more user-accessible and effective, particularly in the context of dApps and smart contract interactions. The standard will furnish end users with uniformity across a plethora of Ethereum blockchain applications.

As a fragment of the Ethereum itinerary, Rollup Improvement Proposals (RIPs) are currently being introduced, with RIP-7560 being a substantial undertaking subsequent to the ERC-4337 endeavor. This methodology heralds the propagation of native account abstraction (AA) over Layer 2 (L2) networks to amalgamate distinctive AA frameworks across diverse L2 solutions. Various facets of RIP-7560, encompassing validation protocols, 2D nonces, aggregation methodologies, and EOA enhancements, will cater to distinct utilization scenarios.

In order to ensure a seamless deployment and transition towards native AA on L2 chains, meticulous fine-tuning of RIP-7560 is imperative. This migration procedure will augment network efficacy and user engagement while upholding compatibility with Ethereum's Layer 1 (L1) to ensure a coherent migration pathway.

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