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Author: Martin Young, Cointelegraph; Compilation: Songxue, Bit Chain Vision Realm
Ethereum Foundation will promote major changes in the abstract standards of Ethereum accounts to reduce GAS consumption -especially Layer 2 GAS consumption.
On January 10, the Ethereum Foundation shared the plan for major changes in the ERC-4337 standard specifications, which involved account abstraction, also known as smart accounts.
Developer John Riseing said that the new version 0.7 uses ERC-4337 for only nine months of experience.
The biggest change is the structure of the abstract transaction of the account, which is more complicated than the conventional Ethereum transaction.
“Users must specify multiple GAS values to consider that an account can calculate this fact when checking its signature,” Rising explained.
Rising explains in detail why more GAS values are needed in an interview.
“Through smart accounts, users can have a variety of different types of signatures and pay GAS fees in various ways. This means that the amount of GAS required will be different, and the transaction must specify how much it is willing to spend the verification.”
This makes GAS cost more accurate and reduces GAS costs, especially on the Layer 2 network, because these changes are reduced to the amount of data that needs to be released.
Rising explained: “The main benefit of V0.7 for users is to reduce the GAS fee. It uses some techniques to use transaction data more effectively, which is particularly helpful for Layer2 blockchain.”
The new specification will also punish all the unused GAS unused in the user’s execution“This can prevent applications from unnecessary high GAS restrictions on transactions.”
How to work in account abstraction.Source: Cointelegraph
Account abstract, also known as smart account, is based on the basic Ethereum account, allowing accounts to have programmable logic and rules, thereby opening up many new cases that are impossible to achieve today.
Today’s Ethereum account is passive and static to some extent, but account abstraction makes them active and programmable.It was proposed by Vitalik Buterin and other developers in EIP-4337 in September 2021.
The Ethereum Foundation has not announced the expected date of adoption of V0.7, but it means that the safety review has begun.
“My guess is that ETHDENVER will complete all jobs at the end of February,” Rising said.
