Vitalik Buterin shares account abstraction challenges in Ethereum: EthCC

Moreover, Buterin also talked about another extension called signature aggregation. According to the Ethereum founder, by compiling signatures with the feature, developers can save money on gas and data. He explained:

“This is actually especially a big deal on rollups because in a rollup a big or on because a big part of the size of a transaction is the signature on a rollup.” Along with the potential benefits of account abstraction for users, Buterin also recognized that developers still need to overcome challenges. This includes needing an Ethereum Improvement Proposal to upgrade current Ethereum externally-owned accounts — normal user accounts — into smart contracts and ensuring the protocol works similarly in layer-2 solutions.

Despite the obstacles the account abstraction endeavor faced, the Ethereum co-founder expressed excitement about its progress. “Account abstraction has made a lot of progress, and I’m excited about all of the progress that we’ll continue making in the future,” he said. to preserve this moment in history and show your support for independent journalism in the crypto space.

At the moment, when Ethereum users are transferring ERC-20 tokens, they are required to hold ETH to pay for the transaction fees within the network.

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