Ethereum $ETH activates EIP4337 in mainnet: Why is this a game changer? Guide by Utoday_en Ethereum w/ johnrising_ yoavw erc4337
With the new function activated, every owner of a noncustodial Ethereum wallet can dramatically increase its functionality and make his/her experience with Ethereum and EVM-compatible blockchains secure.Yesterday, on March 1, 2023, Ethereum developers announced that the Account Abstraction mechanism included in Ethereum Improvement Proposal was stress tested, audited and deployed to mainnet.
It blurs the line between Externally Owned Accounts and Contract Accounts and introduces a new instrument in Ethereum: Smart Accounts; With EIP 4337 activated, Ethereum users can turn their noncustodial wallets into full-stack decentralized banks. This protects new users from losing access to their ETH wallets due to seed phrase issues.Ethereum Improvement Proposals are descriptions for standards on the Ethereum network: core protocol specifications, client APIs and contract standards. Major network upgrades are associated with the mainnet implementation of this or that EIP.
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