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Gro3
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Gro3
@Gro3_
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@Cointelegraph it won't take your job, but someone *using* ai might. that's the real distinction.
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Now, account abstraction.
We have been talking about account abstraction ever since early 2016, see the original EIP-86: github.com/ethereum/EIPs/…
Now, we finally have EIP-8141 ( eips.ethereum.org/EIPS/eip-8141 ), an omnibus that wraps up and solves every remaining problem that AA was intended to address (plus more). Let's talk again about what it does.
The concept, "Frame Transactions", is about as simple as you can get while still being highly general purpose. A transaction is N calls, which can read each other's calldata, and which have the ability to authorize a sender and authorize a gas payer. At the protocol layer, *that's it*.
Now, let's see how to use it.
First, a "normal transaction from a normal account" (eg. a multisig, or an account with changeable keys, or with a quantum-resistant signature scheme). This would have two frames:
* Validation (check the signature, and return using the ACCEPT opcode with flags set to signal approval of sender and of gas payment)
* Execution
You could have multiple execution frames, atomic operations (eg. approve then spend) become trivial now.
If the account does not exist yet, then you prepend another frame, "Deployment", which calls a proxy to create the contract (EIP-7997 ethereum-magicians.org/t/eip-7997-det… is good for this, as it would also let the contract address reliably be consistent across chains).
Now, suppose you want to pay gas in RAI. You use a paymaster contract, which is a special-purpose onchain DEX that provides the ETH in real time. The tx frames are:
* Deployment [if needed]
* Validation (ACCEPT approves sender only, not gas payment)
* Paymaster validation (paymaster checks that the immediate next op sends enough RAI to the paymaster and that the final op exists)
* Send RAI to the paymaster
* Execution [can be multiple]
* Paymaster refunds unused RAI, and converts to ETH
Basically the same thing that is done in existing sponsored transactions mechanisms, but with no intermediaries required (!!!!). Intermediary minimization is a core principle of non-ugly cypherpunk ethereum: maximize what you can do even if all the world's infrastructure except the ethereum chain itself goes down.
Now, privacy protocols. Two strategies here. First, we can have a paymaster contract, which checks for a valid ZK-SNARK and pays for gas if it sees one. Second, we could add 2D nonces (see docs.erc4337.io/core-standards… ), which allow an individual account to function as a privacy protocol, and receive txs in parallel from many users.
Basically, the mechanism is extremely flexible, and solves for all the use cases. But is it safe? At the onchain level, yes, obviously so: a tx is only valid to include if it contains a validation frame that returns ACCEPT with the flag to pay gas. The more challenging question is at the mempool level.
If a tx contains a first frame which calls into 10000 accounts and rejects if any of them have different values, this cannot be broadcasted safely. But all of the examples above can. There is a similar notion here to "standard transactions" in bitcoin, where the chain itself only enforces a very limited set of rules, but there are more rules at the mempool layer.
There are specific rulesets (eg. "validation frame must come before execution frames, and cannot call out to outside contracts") that are known to be safe, but are limited. For paymasters, there has been deep thought about a staking mechanism to limit DoS attacks in a very general-purpose way. Realistically, when 8141 is rolled out, the mempool rules will be very conservative, and there will be a second optional more aggressive mempool. The former will expand over time.
For privacy protocol users, this means that we can completely remove "public broadcasters" that are the source of massive UX pain in railgun/PP/TC, and replace them with a general-purpose public mempool.
For quantum-resistant signatures, we also have to solve one more problem: efficiency. Here's are posts about the ideas we have for that: firefly.social/post/lens/1gfe… firefly.social/post/x/2027405…
AA is also highly complementary with FOCIL: FOCIL ensures rapid inclusion guarantees for transactions, and AA ensures that all of the more complex operations people want to make actually can be made directly as first-class transactions.
Another interesting topic is EOA compatibility in 8141. This is being discussed, in principle it is possible, so all accounts incl existing ones can be put into the same framework and gain the ability to do batch operations, transaction sponsorship, etc, all as first-class transactions that fully benefit from FOCIL.
Finally, after over a decade of research and refinement of these techniques, this all looks possible to make happen within a year (Hegota fork).
firefly.social/post/bsky/qmaj…
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@APompliano i'm always looking for something new. what's your pick this week?
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this may not be the time to mention it, but then again, maybe it’s the perfect time
i’ve been playing Zelda Breath of the Wild on Switch 2 again (never finished it on Switch 1)
and it’s amazing how well they took the experience of mystery, wonder, and discovery from the very first Zelda i played on the 1980s and turned it into a modern game which is even better than it was
an incredible artistic achievement, finally getting what it is due performance-wise on the Switch 2
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@fere_ai @Uniswap @NEARProtocol @OndoFinance rwas gaining ground is no surprise, but wisdomtree doing 24/7 tokenized funds is wild. moves fast.
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gFere to 🫵
last week in crypto:
+ AI x DeFi leveled up as @Uniswap dropped AI Skills and @NEARProtocol launched its AI super app
+ RWAs pushed further onchain with @OndoFinance stocks live on Binance and WisdomTree rolling out 24/7 tokenized funds
+ Institutions kept accumulating: EF staked 70k ETH and @MicroStrategy added 592 BTC

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@CoinMarketCap it's easy to forget where the real light comes from when everyone's chasing external validation. nice reminder.
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Our first priority is the safety of our employees and protecting our customer and partner interests.
Our Risk and Safety teams are actively monitoring the situation and coordinating closely with local authorities and internal people teams. We are fully supporting our employees in affected areas to ensure they have flexibility, and resources they need to remain safe. Nothing is more important than the wellbeing of our people.
At the same time, moments like this remind us why resilient infrastructure matters.
Traditional financial markets close. Banks operate within fixed hours. Liquidity pauses. But the world does not pause. Events unfold in real time, including on weekends and outside market hours.
Crypto markets continue to operate.
They provide continuous price discovery, real-time signals, and uninterrupted access to liquidity across borders. This is not theory. It is observable. When global events occur, digital asset markets reflect them immediately, often before traditional indices reopen. That continuous function is not about speculation alone. It is about open, resilient infrastructure that remains operational during uncertainty.
We do not celebrate volatility. We recognize responsibility.
The long-term role of crypto is to strengthen financial systems, to provide access without dependency on geography or banking hours, to enable settlement without interruption, and to maintain transparency when clarity is needed most.
We remain focused on protecting our people and building for the future.
Resilience is built before it is tested.
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3D printing, AI, and robotics are set to revolutionize manufacturing, slashing costs and democratizing production. As technology drives prices down, the question isn't "if" but "how fast." All prices will fall — and will forever — relative to Bitcoin. 🌍🔧 #DeflationaryFuture
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@hotpot_dao it's always the stuff you can't touch that looks the most tempting. what's your play if you could?
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@APompliano it always comes down to defining 'good' and 'evil' in specific situations, which is where things get tricky.
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The future doesn’t wait. Neither do we.
We keep building.
If you’re ready to build at scale, join us. 💛
→ binance.com/en/careers

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