#Understanding the Differences between EIP-4337 and zkSync Era in Native Account Abstraction
According to reports, zkSync posted an article on social media explaining the difference between EIP-4337 and zkSync Era in terms of native account abstraction.
According to reports, zkSync posted an article on social media explaining the difference between EIP-4337 and zkSync Era in terms of native account abstraction. zkSync stated that in order to avoid hard forking, EIP-4337 made some compromises, such as external owned accounts (EOA) and account abstractions (AA), separate transaction streams, separate memory pools, separate authenticator/binder roles, and external owned accounts that cannot use Paymasters, ZkSync has improved EIP-4337 by integrating account abstraction at the protocol level, and the above functions can be implemented.
ZkSync: EIP-4337 Compromises to Avoid Hard Bifurcation
##Table of Contents
1. Introduction
2. What is EIP-4337?
3. Limitations of EIP-4337
4. What is zkSync?
5. Improvements of zkSync over EIP-4337
6. Advantages of zkSync’s Protocol-Level Account Abstraction
7. How Native Account Abstraction will Empower Devs and Users
8. Adoption of zkSync
##Article
In recent times, there have been increased conversations around the need for better solutions to the challenges that decentralized finance (DeFi) platforms face. One of the most discussed concepts in the DeFi ecosystem is account abstraction. Reportedly, zkSync has explained the differences between EIP-4337 and zkSync Era in terms of native account abstraction.
###What is EIP-4337?
EIP-4337 was developed by Vitalik Buterin to solve some of the most critical challenges facing Ethereum’s original account model. The Ethereum Improvement Proposal (EIP) solved the problem of gas fees’ vulnerability to volatile prices, allowing for more significant fee predictability. However, EIP-4337 has many limitations, which limits its wide adoption by developers and users.
###Limitations of EIP-4337
One of the major drawbacks of EIP-4337 is the separation of external owned accounts (EOA) and account abstraction (AA) into separate transaction streams, separate memory pools, separate authenticator/binder roles, and external owned accounts that cannot use Paymasters. This, in turn, leads to reduced flexibility and scalability, limiting the usability of Ethereum.
###What is zkSync?
zkSync is a Layer 2 scaling solution built on zero-knowledge proofs that enable developers to build high-throughput applications with low transaction fees while maintaining interoperability with the Ethereum mainnet. It is built to provide users with low transaction fees, fast and reliable transaction processing, and a variety of developer tools and applications. zkSync achieved this by eliminating the restrictions introduced by EIP-4337’s account model abstraction.
###Improvements of zkSync over EIP-4337
zkSync has improved EIP-4337 by integrating account abstraction at the protocol level, which solves many of the problems caused by the separation of EOAs and AAs. That way, zkSync eliminates the separation of transaction streams, Authenticator/binder roles, memory pools, and transaction types. In general, zkSync provides a more flexible, scalable, and user-friendly layer 2 scaling solution.
###Advantages of zkSync’s Protocol-Level Account Abstraction
One of the most significant advantages of zkSync’s protocol-level account abstraction is the degree of flexibility and scalability it provides. It allows for unlimited possibilities in terms of smart contract deployment, interacting with the Ethereum ecosystem, and other use cases.
The protocol-level account abstraction in zkSync has also solved the challenge of “burdening” Ethereum’s smart contracts with the transaction fees, allowing developers to build more efficient and low-cost smart contracts.
###How Native Account Abstraction will Empower Devs and Users
The native account abstraction provided by zkSync empowers developers to build applications with low transaction fees, has fast and reliable transaction processing, and eliminates the need for users to pay high fees when transacting on decentralized platforms. That way, developers can deploy and maintain more efficient and functional applications, while users can participate in the DeFi ecosystem without worrying about gas prices.
###Adoption of zkSync
As the DeFi ecosystem continues to grow, we expect zkSync’s adoption to increase. Its wider adoption will lead to more developers and users utilizing the solution to build and transact on DeFi platforms that are fast, reliable, efficient, and user-friendly.
##Conclusion
zkSync’s explanation of the differences between EIP-4337 and zkSync Era in terms of native account abstraction sheds light on the limitations of the original account model abstraction introduced by EIP-4337. The integration of account abstraction at the protocol level by zkSync eliminates the restrictions introduced by EIP-4337, providing more flexibility, scalability, and user-friendliness. That way, developers can build more efficient and reliable applications, while users can transact on DeFi platforms without worrying about high transaction fees.
##FAQs
1. What are the benefits of using zkSync?
– zkSync provides developers with a flexible, scalable, and user-friendly layer 2 scaling solution, eliminating the limitations of EIP-4337’s account model abstraction.
2. How does zkSync achieve low transaction fees?
– zkSync’s protocol-level account abstraction eliminates the need for smart contracts to bear the cost of transaction fees.
3. how does the account abstraction technique benefit users of the DeFi ecosystem?
– The native account abstraction provided by zkSync empowers users to transact on DeFi platforms without worrying about high transaction fees.
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