Vitalik Buterin Presents A New Bill for Isolating Ethereum Accounts

A group of developers, including Vitalik Buterin, has submitted a new proposal so that accounts on Ethereum can be abstracted without having to make any changes to the consensus layer.

on the Ethereum blockchain from external accounts¹ and from (smart) contract accounts² two types of accounts one account type designed to reduce Account Abstraction³ for model A bill with code ERC-4337 prepared.

Developed with the contributions of Vitalik Buterin, Dror Tirosh, Kristof Gazso, Namra Patel, Tomasz K. Stańczak and many others, ERC-4337 is designed to bring the concept of Account Abstraction to life. Contrary to previous proposals consensus-level layer of the blockchain in the logic of operation does not foresee any change.

Transactions will be aggregated into a common cluster

In the bill, by abstracted accounts rather than creating a new transaction type for the transactions made, ‘UserOperation’ It is suggested to package it in a common repository⁴ using a structure called

It consists of aggregation of transactions that will be included in a common Ethereum block after being packaged together. packer⁵ parties, which we can call the like a miner may be undertaken by the perpetrators.

It will cover the cost of its work with the transaction fees it receives from individual UserOperations. packersthe transaction fee of these transactions that they collect in a common pool. collectively, in ETH they can pay.

Has the power to improve the user experience

its emergence to the beginning of 2016 So far, proposals such as EIP-2938 have been submitted for the idea of ​​Computation Abstraction, which dates back to

The Account Abstraction model, which concerns digital wallets, mixers, decentralized applications and decentralized finance projects, is the by whom and how it will be paid to improve the end user’s experience. may affect.

Vitalik Buterin, co-founder of Ethereum, said that the new proposal presented, verify transactions and to actualize for It will provide flexibility in the logics followed, allowing users to switch and update their wallets to quantum-safe wallets. He thinks it is more useful for him than before.

With EIP-1559 implemented after the London update will be compatible stated that ERC-4337 is a supporter of Buterin social recovery⁶ model is thought to pave the way.


¹External account (orj.)
²Contract account (orj.)
³Account abstraction (orj.)
⁴Mempool (orj.)
⁵Bundler (orj.)
⁶Social recovery (orj.)

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