follow us on twitter . like us on facebook . follow us on instagram . subscribe to our youtube channel . announcements on telegram channel . ask urgent question ONLY . Subscribe to our reddit . Altcoins Talks Shop Shop


This is an Ad. Advertised sites are not endorsement by our Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise Here Ads bidding Bidding Open

Author Topic: Radical changes to the ERC-4337 standard  (Read 175 times)

Offline booktiger

  • Sr. Member
  • *
  • *
  • Activity: 492
  • points:
    2331
  • Karma: 37
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: April 13, 2024, 10:46:43 AM
    • View Profile

  • Total Badges: 11
    Badges: (View All)
    Quick Poster Poll Voter Search
Radical changes to the ERC-4337 standard
« on: January 16, 2024, 11:16:58 AM »


The Ethereum Foundation is planning some updates to the Ethereum network, focusing on enhancing the account abstraction standard (ERC-4337) to reduce gas consumption, especially on layer 2 networks.
Ethereum co-founder Vitalik Buterin proposed increasing the network's gas limit by 33% to improve throughput.
On Jan. 10, the Foundation shared a preview of the drastic changes to the ERC-4337 standard, which is central to account abstraction, also known as smart accounts.
Account abstraction represents an evolution from the basic Ethereum accounts. It allows accounts to incorporate programmable logic and rules, enabling a range of new use cases that are currently unfeasible with standard accounts.
The updated version 0.7 of ERC-4337 is the result of nine months of practical application and feedback.
One of the main advantages for users in version 0.7 is the reduction in gas fees, which will be achieved by employing techniques for more efficient use of transaction data.

Altcoins Talks - Cryptocurrency Forum

Radical changes to the ERC-4337 standard
« on: January 16, 2024, 11:16:58 AM »

This is an Ad. Advertised sites are not endorsement by our Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise Here Ads bidding Bidding Open


Offline Yamane_Keto

  • Sr. Member
  • *
  • *
  • Activity: 518
  • points:
    9261
  • Karma: 26
  • Trade Count: (0)
  • Referrals: 1
  • Last Active: April 08, 2024, 02:56:16 PM
    • View Profile

  • Total Badges: 12
    Badges: (View All)
    500 Posts Search Karma Good
Re: Radical changes to the ERC-4337 standard
« Reply #1 on: January 23, 2024, 05:01:12 AM »
This may be good news that Ethereum is trying to inspect without affecting gas fees, but for years all the updates were about how to make fees cheaper. Even the main purpose of moving from POW to POS was to reduce fees, and with each new standard we see that solutions pay more. More for the second layer and making transactions on Ethereum to confirm all data on the second layer than as a basic blockchain for making payments.

 

ETH & ERC20 Tokens Donations: 0x2143F7146F0AadC0F9d85ea98F23273Da0e002Ab
BNB & BEP20 Tokens Donations: 0xcbDAB774B5659cB905d4db5487F9e2057b96147F
BTC Donations: bc1qjf99wr3dz9jn9fr43q28x0r50zeyxewcq8swng
BTC Tips for Moderators: 1Pz1S3d4Aiq7QE4m3MmuoUPEvKaAYbZRoG
Powered by SMFPacks Social Login Mod