August 27, 2024

Account Abstraction in Ethereum

What is Account Abstraction?

 

Account abstraction is an innovative concept in blockchain that seeks to unify and enhance the functionality of user accounts within a decentralized system. In the Ethereum network, two types of accounts currently exist:

Externally Owned Accounts (EOAs): Controlled by private keys and usually belonging to individuals or entities.
Contract Accounts: Smart contracts that are executed based on specific logic written in their code.