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Account abstraction what sorry - the narrative that could change Crypto...

Been hearing loads about this narrative recently and...

Let’s face it for your average gen x & boomer (People aged from 45 - 79) thinking of seed phrases is like what seed sorry lolol.

This video explains the interaction far better than I can hahaha. WATCH IT LOL

Essentially as you and I know both know, when you very first got into Crypto there was a lot to learn with seed phrases, gas fee’s, excahnges, being front run on DEX’s, slippage etc etc the list goes on!

Account abstraction solves these problems.

Right now, most wallets in crypto are… well, kind of dumb. MetaMask for example, is just a tool that signs stuff with your private key, you lose the key bad times for you my friend.

But Account Abstraction flips that model on its head.

Instead of separating wallets into “normal wallets” (EOAs) and “smart contracts,” Acount Abstraction combines both, your wallet becomes a smart contract, which means it can finally act smart lolol.

With Account Abstraction, wallets become smarter and easier to use. You can add custom rules (like 2FA for big transfers), recover access through trusted contacts instead of seed phrases, and even pay gas fees in stablecoins or let apps cover them all making crypto more user-friendly & will make it more user friendly when retail comes back in.

There is a few projects that are heavily into the Acount Abstraction space that I am doing my research on at the moment and when I am going to get a bag I will tell you when so you get in if you like.

As always this isn’t financial advice, do your own research for once hahaha.

Market Snapshot 

  • BTC: $104,951.02 - 1d Change ⬇️ 0.89%

  • ETH: $2,610.92 - 1d Change ⬇️ 1.31%

  • SOL: 153.02 - 1d Change ⬇️ 2.94%

  • Market Cap: $3.29T | Fear & Greed Index: 55 Neutral

I’m in depth researching a few tokens right now and will let you know the moment I am aping into a new one!

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As always my friend, thank you for reading! See you tomorrow God bless you