Big changes coming to Ethereum account abstraction to save gas

Ethereum 'clever accounts' are get amended In A upgrade that will reduce gas use on layer-2 networks.

THE Ethereum Foundation East together has push through major changes has THE account abstraction standard In Ethereum In A offer has reduce gas consumption — particularly For layer 2.

On Jan. ten, THE Ethereum Foundation sharing A Preview of THE radical changes has THE ERC-4337 standard specification, which offers with account abstraction, Also known as clever accounts.

THE new version 0.7 applies learning Since nine month of ERC-4337 be used, according to has developer John Rising In A update sharing with Cointelegraph.

THE the biggest change East In THE structure of account abstraction transactions, which are more complex that regular Ethereum transactions. These NOW require specifying five gas values instead of just one.

"THE user has has specify more that A gas value has account For THE do that A account can TO DO calculation while It is signature East be checked," explain On the rise.

Speaking has Cointelegraph, Rising elaborated on Why more gas values were required.

"With clever accounts, users can to have a lot different types of signature And pay For gas In a lot manners. This means that THE Rising of gas required varied, And THE transaction has has specify how a lot he East willing has spend For This validation."

This makes gas estimate more accurate And reduced gas costs, especially on layer-2 networks, Since these changes reduce THE Rising of data that needs has be published.

"THE major benefits of v0.7 For users will be reduced gas costs," explain Rising, WHO added, "He uses a few Things has to use transaction data more effectively, which East particularly useful on layer 2 blockchains. »

THE new specification will Also penalize We...