Ethereum’s account abstraction, or astute accounts, will ship with the Hegota update “within a year,” Vitalik Buterin said on Saturday.
“We have been talking about account abstraction since the beginning of 2016” he said co-founder of Ethereum over the weekend.
He added that now “we have finally achieved it EIP-8141an omnibus that summarizes and solves every remaining AA problem [account abstraction] was to address (and more)” and is scheduled to be implemented this year.
“Finally, after more than a decade of research and refinement of these techniques, it seems that all this can be accomplished within a year (Hegot’s fork).”
The basic concept is “about as simple as it can be, while still being very generally applicable,” using “framework transactions,” Buterin explained.
The transaction is not a single operation, but becomes a series of “frames” that can refer to each other’s data, and each frame can signal authorization of the sender or gas payer.
The basic principle of Ethereum cypherpunk
Multi-signature astute accounts, quantum-resistant wallets, and variable-key accounts operate on a verification frame that checks and validates the signature, followed by an execution frame.
Paying for gas in non-ETH tokens can be done via a “payer contract” or a special-purpose decentralized exchange that delivers Ether (ETH) in real-time without the need for intermediaries, which is a gigantic deal for Ethereum’s ethos, Vitalik said.
“Indirect minimization is a fundamental principle of not-ugly cypherpunk Ethereum: maximize what you can do even if all the world’s infrastructure except the Ethereum chain itself fails.”
Related: Vitalik Buterin presents a quantum resistance roadmap for Ethereum
Buterin explained that this is also an vital issue for users of privacy protocols, as it means they can completely remove “public broadcasters” that are “a source of huge UX problems” on privacy platforms like Railgun and Tornado Cash, and replace them with “public general-purpose storage.”
Quantum-proof Ethereum in preparation
He said that all Ethereum accounts, including existing ones, could be placed in the same framework and gain the ability to perform batch operations and sponsor transactions.
The Ethereum co-founder published his quantum resistance roadmap for Ethereum on Thursday, stating that the four areas of concern are validator signatures, data storage, user account signatures and zero-knowledge proofs.
He also said he expects a “gradual reduction” in both slot time and end time in the long-term scaling plan.
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