Smart Wallets and Account Abstraction| Kofi, Senior Data Scientist @ Base

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The Canonical Pod

Brad Bachu and Fahad Saleh

5 episodes

2 days ago

The Canonical Pod is a podcast that analyzes contemporary events in cryptoeconomics with a rigorous research angle. Each episode features a guest with insight on a recent crypto development. We discuss the implications of each development as understood by the most recent research. Our first season of guests include Ethereum Foundation Research Co-Head Barnabé Monnot, leading Crypto-lawyer Lewis Cohen and Circle Chief Economist Gordon Liao. The Canonical Pod is co-hosted by finance professor Fahad Saleh and Uniswap Labs Senior Research Scientist Brad Bachu.

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All content for The Canonical Pod is the property of Brad Bachu and Fahad Saleh and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.

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Smart Wallets and Account Abstraction| Kofi, Senior Data Scientist @ Base

The Canonical Pod

1 hour 18 minutes 54 seconds

1 month ago

Smart Wallets and Account Abstraction| Kofi, Senior Data Scientist @ Base

In this conversation, Kofi, a senior data scientist at Base, discusses the evolution and functionality of smart wallets, particularly focusing on the ERC4337 standard and EIP 7702. He explains the advantages of smart wallets over traditional EOAs, including enhanced security, gas abstraction, and improved user experience. Kofi also addresses the challenges of adoption, the role of bundlers, and the implications of recent developments in the crypto space, including the rise of applications like World App and the unfortunate exploitation of the technology by malicious actors.Chapters00:00 Introduction to Kofi and His Background02:57 Understanding Smart Wallets08:44 Barriers to Smart Wallet Adoption12:55 Evolution of Smart Wallets Pre-202319:50 The Impact of ERC4337 on Smart Wallets29:52 Bundlers and Their Role in the Ecosystem39:59 Economies of Scale in Blockchain Transactions42:23 Understanding EIP 7702 and Smart Contracts49:40 The Implications of Upgrading EOAs to Smart Contracts52:29 Account Abstraction: Redefining User Experience in Crypto01:06:17 The Dark Side: Crime Enjoyer and Smart Contract Exploits01:07:30 World App: A Legitimate Use Case for Smart Accounts01:11:58 Barriers to Adoption: Why Smart Wallets Aren't Mainstream Yet