Cryptocurrency

Alternative to ERC-4337 proposes stateless account abstraction

The Ethereum community appears to be exploring implementations of an alternative account abstraction to ERC-4337, which was announced at ETHDenver earlier this year.

Stateless Account Abstraction in Ethereum

An Ethereum research forum developer named Xtreamly suggestion A new EIP that allows the abstraction of stateless accounts at the Ethereum protocol layer. With this proposal, we want to improve Ethereum by creating a system that allows accounts to operate “stateless”. “

Stateless in this context means that nodes validating transactions on the network do not need to hold the entire blockchain state (or all account balances) in order to validate new transactions. This has potential advantages in efficiency and scalability as it reduces the possible size of the blockchain.

Xtreamly, which has yet to formally submit an EIP, claims that its current implementation of account abstraction like ERC-4337 is not efficient enough.

Account abstraction allows Web3 accounts to be programmable, allowing you to define your own transaction validity conditions. Additionally, a smart contract wallet that abstracts private keys from account/signer processes and allows each account to initiate transactions, threshold signatures, bundle signatures, arbitrary verification logic, and pay fees in non-native currencies. to allow it to behave like

Is ERC-4337 Not Enough?

Xtreamly said:[ERC-4337] It falls short in terms of efficiency, security, easy rollup transferability, state, and execution bloat regarding failed transactions, which are some of the longest unsolved challenges in the Ethereum protocol. “

Therefore, Xtreamly developers find that using ERC-4337 presents significant challenges in managing Ethereum’s scalability due to its increasing network conditions, underlying operating costs, and stateful nature, resulting in excessive gas prices and We believe that efficient scalability will occur.

Zero knowledge drives innovation

One of the key innovations of the proposed model lies in the use of ‘variance vector commitment’ which exploits ‘multiplexer polynomials and zk-SNARKs’. A multiplexer polynomial is a mathematical formula used in cryptography and computer science to efficiently process multiple inputs and outputs. Zk-SNARKs allow one party to efficiently prove to another party that it knows certain information without revealing what that information is.

The Xtreamly team proposes that this approach allows for state updates without requiring knowledge of the entire state, allowing for more efficient synchronization of updated data. In addition, bloom filter integration further streamlines the process by quickly verifying the existence of an account.

However, the potential for false positives when using bloom filters can be a concern with immutable ledgers, especially considering that elements can be added to a set and not removed, and the number of items in the set can be As it grows, the risk of: false positive.

Feasibility of Stateless Account Abstraction

Xtreamly proposals can potentially improve transaction processing times across the network by reducing unnecessary computation through client-side validation and caching. Combined with the proposed method for distributing state updates, this proposal may reduce the risk of state bloat and contribute to the scalability of the Ethereum network. Xtreamly claims it can scale up to 1 billion accounts.

Research Post Author Claims Some Top Ethereum Names Are Involved In Potential EIPs, CryptoSlate Contacted Team At LinkedIn To Confirm Work Is Underway Toward Project Did. This proposal is interesting in its approach and goal of providing an alternative to ERC-4337, and more information is included. Moderate account.

A post first appeared on CryptoSlate stating that an alternative to ERC-4337 was to propose a stateless account abstraction.

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