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A community for the latest discussions about the cutting edge of crypto design, it's culture and significant crypto news. Decentralize everything. Check out our [Community Guidelines](https://relevant.community/crypto/post/6122269e61d1cd005a877277/62427d3ed587ad005b647828)
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"A new account abstraction proposal! This time without requiring any ethereum consensus-layer protocol changes." Work by [@kristofgazso](/user/profile/kristofgazso) , [@yoavw](/user/profile/yoavw) , Dror Tirosh, Namra Patel, [@tkstanczak](/user/profile/tkstanczak) , Vitalik Buterin and others.
"A new account abstraction proposal! This time without requiring any ethereum consensus-layer protocol changes." Work by [@kristofgazso](/user/profile/kristofgazso) , [@yoavw](/user/profile/yoavw) , Dror Tirosh, Namra Patel, [@tkstanczak](/user/profile/tkstanczak) , Vitalik Buterin and others.
Social wallets are probably a big feature for the future, even if they're kinda against the spirit of Crpyto. It would basically enable to creation of payment processors. Just like your bank performs a load of fraud checks for every transaction, all your contract interactions could be put through similar checks and if the checks fail, they phone you up to verify them before processing. It would certainly stop wallet draining if your key/wallet is compromised and let the guardians block known scam addresses. Not sure about the sponsorship feature. Requiring tokens to be wrapped in the sponsors own contract makes it seem a bit pointless (you'll have to pay gas in ETH before you can pay gas in another ERC20) and potentially gives more avenues for complex scams and bugs that could result in loss of money.
Social wallets are probably a big feature for the future, even if they're kinda against the spirit of Crpyto. It would basically enable to creation of payment processors. Just like your bank performs a load of fraud checks for every transaction, all your contract interactions could be put through similar checks and if the checks fail, they phone you up to verify them before processing. It would certainly stop wallet draining if your key/wallet is compromised and let the guardians block known scam addresses. Not sure about the sponsorship feature. Requiring tokens to be wrapped in the sponsors own contract makes it seem a bit pointless (you'll have to pay gas in ETH before you can pay gas in another ERC20) and potentially gives more avenues for complex scams and bugs that could result in loss of money.
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