Removing intermediaries with account abstraction is a “core principle of non-ugly cypherpunk Ethereum,” said Buterin.
Ethereum account abstraction, or smart accounts, will be shipped with the Hegota upgrade “within a year,” said Vitalik Buterin on Saturday.
“We have been talking about account abstraction ever since early 2016,” said the Ethereum co-founder over the weekend.
He added that now, “we finally have EIP-8141, an omnibus that wraps up and solves every remaining problem that AA [account abstraction] was intended to address (plus more),” and it is slated for deployment this year.
“Finally, after over a decade of research and refinement of these techniques, this all looks possible to make happen within a year (Hegota fork).”
The core concept is “about as simple as you can get while still being highly general purpose,” using “frame transactions,” explained Buterin.
Instead of a transaction being a single operation, it becomes a sequence of “frames” that can reference each other’s data, and each frame can signal authorization of a sender or gas payer.