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Category: New Features

February 16, 2020
Ethereum Account Abstraction Explained

Ethereum Account Abstraction Explained

What is Account Abstraction? Currently, there are two types of accounts in Ethereum: Externally Owned Accounts (EOA) and Contract Accounts. EOAs are controlled by private keys whereas contract accounts are deployed EVM code stored in a smart contract sometimes referred to as smart wallets. Account abstraction attempts to reduce this down to just one Ethereum …

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