The concept of account abstraction was first proposed in EIP-86 in 2017, and its purpose is to achieve "abstraction of transaction origin and signature". The improvement of human accounts is a 7-year experiment. The wallet address that must be self-hosted is the user's "account" in the chain world, but it is also a major barrier that prevents users from entering Web3.

The account abstraction enables us to use smart contract logic to specify the effects of transactions, as well as fee payment and validation logic. This provides a number of important security benefits, including multi-signature and smart recovery wallets, the ability to change keys without changing wallets, and quantum security.

The hardcore article "Account Abstraction - A Crucial Step in Ensuring Ethereum's Adoption" has been translated by DAOrayaki as part of its ongoing research on the idea of account abstraction.

This episode, we are glad to have Daniel from Fifty Finney, the author of this article, to speak intuitively about account abstraction with us.