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abstract

Vitalik: EIP-8141 is expected to be implemented within a year, fully addressing the account abstraction issue

Vitalik posted on the X platform stating that Ethereum has been discussing account abstraction (AA) since early 2016. Now, EIP-8141 serves as a comprehensive proposal aimed at addressing all remaining issues related to AA. The core concept of this proposal is "frame transactions," where a transaction contains N calls that can read each other's call data and can authorize the sender and gas payer.This mechanism supports various use cases: ordinary account transactions (such as multi-signature, variable keys, quantum-resistant signature schemes) are completed through validating frames and executing frames; when paying gas fees with non-ETH tokens, it can be achieved through the main contract without any intermediaries.In terms of privacy protocols, ZK-SNARK verification or the addition of two-dimensional randomness can be implemented through payment contracts. Regarding security, on-chain transactions are only valid when the validating frame returns an ACCEPT with a gas payment flag, while the memory pool layer will initially adopt conservative rules, gradually expanding later.EIP-8141 is highly complementary to FOCIL, with FOCIL ensuring quick transaction inclusion and AA ensuring that complex operations can be executed as first-class transactions directly. The proposal is also discussing EOA compatibility, which is theoretically feasible. After more than a decade of research, these technologies are expected to be implemented within a year through the Hegota fork.

The chain abstraction stablecoin protocol River announced that it has received a strategic investment from the Maelstrom Fund, a crypto fund under Arthur Hayes

The chain-abstract stablecoin protocol River announced a strategic investment from the Maelstrom Fund, a crypto fund founded by BitMEX founder Arthur Hayes. According to the official announcement, this investment will support River in expanding its chain-abstract stablecoin system and ecological development, promoting the circulation and application of on-chain capital.It is reported that River allows users to deposit assets such as BTC, ETH, and BNB on one chain and natively mint satUSD on another chain, seamlessly participating in various yield opportunities. River's stablecoin has integrated over 30 protocols, such as Morpho, Pendle, and ListaDAO, and has been deployed to mainstream ecosystems like Ethereum, BNB Chain, and Base, with a TVL exceeding $300 million and a circulation of satUSD surpassing $100 million.Before the announcement of this investment, the $RIVER token briefly rose to $25 (currently reported at $14.2), reaching new highs for several consecutive days, with a weekly increase of up to 600%. The total trading volume across the network exceeded $3 billion. Among them, the 24-hour trading volume of Binance perpetual contracts once surpassed $1.7 billion, second only to mainstream tokens like BTC and ETH, and ranked in the top five for contract trading volume on multiple CEXs.

Ethereum Foundation: The Account Abstraction Team collaborates with Vitalik to release the "Trustless Declaration" and puts it on-chain

The Ethereum Foundation posted on the X platform, stating that the account abstraction team, along with Vitalik Buterin, has released the "Trustless Manifesto" and placed it on-chain. The original intention of Ethereum was not to enhance financial efficiency, but to enable people to collaborate without the need for trusted intermediaries. This manifesto clearly articulates a series of related values, including trustless neutrality, self-custody, verifiability, and a resistance to "convenient" centralized models.The manifesto is fully stored on-chain in the form of a smart contract and provides a single operation: pledge(). This contract has no owner, no administrator, and the text is immutable, with all operations relying on the Ethereum network. When the pledge() operation is called, the system will record the caller's address and the timestamp of the first pledge, and emit a public Pledged(address, timestamp) event. This operation only consumes gas fees and does not provide any form of incentives such as airdrops, points, or early access. If relevant parties make a pledge, it indicates their concern for the importance of user self-authorized operations, their desire for their protocols not to rely on private servers and opaque relayers, and their willingness to bear the actual costs to maintain Ethereum's trustless characteristics.
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