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Author: William M. Peaster, Bankless; Compilation: Deng Tong, Bitchain Vision World
There are many discussions on the new Ethereum improvement proposal (EIP) in the field of cryptocurrencies-EIP-3074 has become the focus of attention, because Ethereum core developers have just approved to include this standard into the upcoming PECTRA hard fork.It will be launched later or early 2025.
EIP-3074 is the next important step of the development of Ethereum’s future account model.This is a short-term remedy before the rise of ERC-4337, but the improvement of its user experience (UX) is significant.
The basic knowledge of account abstraction
The external account (EOA) is the most basic form of the Ethereum account. It is directly controlled by the private key without related code.EOA can send ETH and interact with smart contracts, but they lack more complex functions.
Unlike EOA, the Smart Contract Account (SCA) is directly controlled by its contract code. Through them, users can automatically make decisions based on their programming logic and control funds, and call them based on other contracts.This makes SCA very highly versatile and the future of wallets.
In this context, account abstraction (AA) refers to a series of development work aimed at Ethereum accounts.The goal is to reduce the differences between EOA and SCA, so that account behavior is more programmable and can meet wider user needs.
AA route map of Ethereum
Ethereum’s AA roadmap includes a number of parallel work in response to different challenges.
Today, the main consensus on the main road is to accept ERC-4337 deeper. This is a wide function that supports EOA that is usually unavailable. For exampleAnd more advanced transaction batch processing and scheduling functions.
However, ERC-4337 can be supplemented by other methods, such as EIP-5003 (a proposed method from eoa to SCA) and EIP-3074 (will pave the way to allow EOA to assign transactions) to the way) to the way).SCA.
What is EIP-3074?
EIP-3074 introduces the new Ethereum operating code.The system will allow EOA users to authorize smart contracts to perform operations in a single transaction, while retaining the security and control of their private keys at the same time.
The user -friendly and practical procedures brought by these new operating codes include:
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Transaction batch processing——Puzzle multiple transactions (such as many token transmission) is approved as a single operation.
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Sponsorship——The ability to pay transactions by third parties, the application has opened up a new way for its user -paid GAS fees.
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Conditional transaction——The complicated transaction structure can link multiple steps, and can implement conditions, just like transactions that are performed only by meeting certain conditions, instead of trading without each step.
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Meta -trading——The ability to sign the transaction that can be submitted by the other party, such as offline or signing transactions from different interfaces without ETH as fuel.
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Entrusted security——By allowing trusted calories to manage transactions, users can benefit from high -level security models, such as models involving multiple signature settings.
All in all, these features can bring a series of user experience improvements, such as DAO sponsoring the transaction or wallet of its members’ transactions or wallets to launch automatic payment, subscription services and procedural withdrawals.
On the other hand, the EIP-3074 will also introduce a lot of security risks. For example, new users make mistakes due to misunderstanding the working method of the new call program system, or the damaged call program to perform unauthorized transactions.However, these issues can be solved by implementing clear messages around the EIP-3074 signature.
Future Outlook
Although ERC-4337 focuses on creating a strong under-chain transaction relay network and is the current leader of the Ethereum AA roadmap, the EIP-3074 allows the more direct chain flexibility and execution abstraction through the existing EOA.
Both are steps towards the complete AA, but in the Ethereum ecosystem to meet different needs in different ways.How EIP-3074 is smoothly incorporated into the existing Ethereum ecosystem and wallets and applications to receive it is vital to it. Continuous improvement to solve security problems and ensure security and user-friendly operations will be the key to the future.
