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  3. /Account Abstraction
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blockchain

Account Abstraction

A way to make crypto wallets behave more like normal apps by turning every account into a smart contract.

Definition

A way to make crypto wallets behave more like normal apps by turning every account into a smart contract. This means you can recover your wallet without a seed phrase, pay gas in any token, and batch multiple actions into one transaction. ERC-4337 brought this to Ethereum without changing the base protocol.

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Related Terms

Smart Contract

Self-executing code stored on a blockchain that runs when conditions are met.

Wallet

Software or hardware that stores your cryptocurrency private keys and lets you send and receive tokens.

Gas

The fee paid to process transactions on Ethereum and similar blockchains.

ABI

Application Binary Interface.

Account Model

The way Ethereum and many other chains track balances.

Actively Validated Service (AVS)

A service or protocol that uses EigenLayer's restaked ETH for its security instead of bootstrapping its own validator set.

Related Tools

Gas Tracker/tools/gas-tracker

Learn More

Ethereum Guide/learn/ethereumWallets Guide/learn/wallets

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