#iotex multi-chain wallet ioPay officially launches the account abstraction (AA) function, a multi-chain AA wallet specially developed for the #depin field.
Account abstraction, in this model, an account is not only a container for funds, but can also execute complex codes. In essence, it separates the role of managing funds and executing codes, making smart contracts more dynamic and powerful.
It is to use zk-SNARK proof technology, namely: (zero-knowledge concise non-interactive proof) is a cryptographic proof system that allows one party to prove to another party that a certain statement is true, without revealing any additional information except for the validity of the statement itself.
There are several advantages:
1) Enhanced flexibility: Separation of fund control and contract execution logic for more dynamic and modular applications.
2) Reduced transaction fees: Account abstraction can reduce transaction fees by optimizing the execution of smart contracts.
3) Optimized scalability: The concept of "contract upgradability" is introduced, allowing developers to update and improve contracts without affecting functionality.
4) Developing new application scenarios: The separation of fund management and execution code makes it possible to create richer and structurally more complex applications with functions that were previously difficult to achieve.
5) Improved security: By separating fund management from execution code, potential vulnerabilities and attack surfaces can be reduced, making it more difficult for malicious attackers to exploit vulnerabilities.
If you successfully create an AA wallet on #iotex 's wallet iopay now, you will receive a reward of 2 IOTX and a daily gas subsidy of up to 2 IOTX, and MachineFi NFT users can receive a daily gas subsidy of up to 10 IOTX.
In the near future, ioPay will support other forms of AA authentication. looking forward to!
For details, please see:
https://mp.weixin.qq.com/s/CZJGBku9kmb4uWt5UoWoxw
PS: This article does not constitute investment advice and only represents personal views
