{"id":74886,"date":"2023-03-02T12:39:42","date_gmt":"2023-03-02T10:39:42","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=74886"},"modified":"2025-09-10T02:17:35","modified_gmt":"2025-09-09T23:17:35","slug":"ethereum-team-implements-smart-account-functionality","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ethereum-team-implements-smart-account-functionality\/","title":{"rendered":"Ethereum team implements smart-account functionality"},"content":{"rendered":"<p>Ethereum developers, via a smart contract named <a href=\"https:\/\/etherscan.io\/address\/0x0576a174D229E3cFA37253523E645A78A0C91B57#code\">EntryPoint<\/a> activated the <a href=\"https:\/\/eips.ethereum.org\/EIPS\/eip-4337\">ERC-4337<\/a> standard, which implements the concept of account abstraction.<\/p>\n<p>Yoav Weiss, a security specialist at the Ethereum Foundation, told <a href=\"https:\/\/cointelegraph.com\/news\/ethereum-erc-4337-smart-accounts-launch-at-walletcon-account-abstraction-is-here\">Cointelegraph<\/a> that the solution passed an Open Zeppelin audit. The protocol is compatible with all <span data-descr=\\\"Ethereum Virtual Machine, the Ethereum virtual machine\\\" class=\\\"old_tooltip\\\">EVM<\/span> networks such as Polygon, Optimism, Arbitrum, BNB Smart Chain, Avalanche, and Gnosis Chain.<\/p>\n<p>ERC-4337 enables turning users&#8217; wallets into smart-contract accounts to make Ethereum addresses more user-friendly and to remove the key human factor\u2014the risk of key loss.<\/p>\n<p>Account abstraction also allows storing data in the standard smartphone security module, turning it into a hardware crypto wallet. Any user can use:<\/p>\n<ul class=\\\"wp-block-list\\\">\n<li>two-factor authentication;<\/li>\n<li>biometric confirmation of transactions;<\/li>\n<li>setting spending limits;<\/li>\n<li>multisignature implementation;<\/li>\n<li>programmable recovery via a group of trusted contacts, a third-party service, or other options.<\/li>\n<\/ul>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\\&#8221;This gives you the same capabilities as a bank, without having to trust it in the same way,\\&#8221; Weiss said.<\/p>\n<\/blockquote>\n<p>The adoption of account abstraction is expected to spur broader adoption of cryptocurrencies, making their use more convenient and straightforward.<\/p>\n<p>In March, developers <a href=\"https:\/\/u1f987.com\/en\/news\/ethereum-team-targets-tentative-date-for-shanghai-hard-fork-activation\">planned<\/a> to implement in the mainnet Ethereum hard fork <a href=\"https:\/\/u1f987.com\/en\/news\/how-the-shanghai-upgrade-will-affect-ethereums-price\">Shanghai<\/a>, which will enable withdrawals from staking.<\/p>\n<p>In February <a href=\"https:\/\/u1f987.com\/en\/news\/ethereum-team-carries-out-shapella-hard-fork-on-sepolia-testnet\">deployed<\/a> the update on the Sepolia testnet.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum developers, via a smart contract named EntryPoint, activated the ERC-4337 standard, which implements the concept of account abstraction.<\/p>\n","protected":false},"author":1,"featured_media":74887,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[46],"class_list":["post-74886","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-ethereum"],"aioseo_notices":[],"amp_enabled":true,"views":"21","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/74886","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=74886"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/74886\/revisions"}],"predecessor-version":[{"id":74888,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/74886\/revisions\/74888"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/74887"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=74886"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=74886"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=74886"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}