Your mom will use crypto because of ERC4337 Account Abstraction

ERC4337 Account Abstraction is a significant development for Ethereum and EVM-compatible chains. What's remarkable is that it's already live for developers and didn't necessitate any changes to Ethereum's core protocol. So, what's changing?

What's the Shift?

The traditional wallet system, with its seed phrases and browser extensions, is getting a facelift. We're moving to "smart accounts," which are essentially smart contracts designed to manage your funds in a more flexible and programmable way.

A Developer's Perspective

For developers like me, this is a game-changer. We can now set custom rules for authorizing transactions. This means you could log into web3 applications as easily as you do with your Google account. It's a step toward making web3 interfaces as intuitive as the apps we use daily.

Security and User Experience

Smart accounts aren't just about flexibility; they also add layers of security. Features like key rotation and social recovery are now built-in. Plus, "trusted sessions" are introduced to minimize the constant wallet pop-ups, making interactions with dapps more streamlined. No more hassle with multiple approvals for simple tasks.

Rethinking Gas Fees

The way we handle gas fees is also evolving. Thanks to "fee abstraction," you can now have transactions sponsored. Imagine paying for gas with ERC-20 tokens like DAI or USDC. Even better, dapp developers can cover these costs, making the onboarding process for new users much smoother.

Practical Applications

Consider an online game that leverages account abstraction for its in-game store. A wallet would be automatically created for each player, so seamlessly that you might not even realize you're interacting with a blockchain.

The Road Ahead

While the adoption of Account Abstraction is in its infancy, the potential is vast. The technology is still maturing, and developer tools need to be refined. But could we see major tech companies adopting this so subtly that the average user doesn't even realize they're on a blockchain? It's a possibility worth pondering.

So, if this trend continues, don't be surprised if one day your mom—or anyone not tech-savvy—ends up using the blockchain without even knowing it!

More Resources:

The actual EIP

Metamask has a great breakdown of the details

A good video from coingecko