Steemit Crypto Academy Contest / S13W3 - Account AbstractionsteemCreated with Sketch.

in SteemitCryptoAcademy10 months ago (edited)

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Good time everyone!
I am incredibly glad that I paid attention to SteemitCryptoAcademy and saw this interesting competition!
At first, when I read about “abstract account”, I didn’t think it had anything to do with blockchain, much less Ethereum!
I have been following and supporting the next generation blockchain for several years now - PraSaga...
But let's first talk about the "abstract account"
I’ll be honest right away, before this competition, I missed this point, but as they say, that’s what steemit is for, to learn and find solutions...

If you try to explain it briefly and in accessible language, then an abstract account is a smart account!
What is it and what is it eaten with?
Here we need to look from different points of view...

If we take ordinary users, inexperienced or newbies, then for them it looks something like this...
Users can quickly restore their account, just like restoring their visa or master card... In other words, it's secure access to your account!
They also promise to remove this complex list of 12 words to save keys!
Agree that this is a very inconvenient function, where if you lose words, you are not the owner of the account.
Also, the abstract account promises ease of use of the service, where you manage devices and not encryption keys.

There are also more experienced blockchain users.
For them, the functionality and flexibility of the account are important.
If we look deeply into this, we expect improved access control, access levels, fine-grained management with numerous keys....
Change of implementation of functionality extension, abstraction of gas where users can charge using credit funds
Paying for gas is not only eth...
Payment using NFT...
And this is all thanks to an abstracted account...

What other possibilities?
DApps
Yes, now it will be more secure to use and manage your account!
Why?
It will be possible to make several transactions in one operation...
And this is important, because the next level blockchain needs scalability, security and decentralization!
A couple more positive points:
These are temporary keys and process automation.
Well, temporary keys are for games and applications, where there will be limited rights for simple interaction with the mentioned games, applications and stuff like that...
But automation is convenient because you can set the appropriate parameters for recurring transactions or payments... there is no need to manually sign each transaction...
This again is a leap towards scaling!

By the way, I noticed an interesting observation from Ethereum users...
They claim that an abstract account is not some kind of abstractness we are used to or some kind of cosmos...
This is a smart account! And I absolutely agree here!
An account that allows you to reduce inconvenience to a minimum can safely be called smart or an account of the next level!

Could integrating account abstraction benefit the Steem blockchain?

When a user can easily recover his key or use several transactions in one operation, then integrating an abstract account into steem makes sense!
But the average user will definitely need to learn this somewhere!
I hope SteemitCryptoAcademy will give an impetus to teaching this issue closely!

Disadvantages of an abstract account?

Scalability, security and decentralization!
Only when this trillema is resolved, then #web3 will be ready!

And here I simply cannot help but report that the blockchain problem has been solved and is currently being solved by the PraSaga blockchain!
Here I could describe everything in detail, but then the meaning of today’s post will be lost and the smart account will drown in smart assets from PraSaga...
But I’m incredibly glad that there is a fight for #web3 and that’s what’s important here!
The main thing is not who was the first to solve the trillema, but that all existing blockchains go to the accessible blockchain!
Available in production, in the service sector and in general, in all existing industries!
And at the moment, no blockchain is ready for the scalable production of a Tesla or Ford car...
Ethereum is currently a smart contract and it is not ready for mass use due to its cumbersomeness...
But when Ethereum becomes a smart asset, then we’ll talk!
This is where I will end the post!
Thank you very much for the given topic!

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And if you are interested in PraSaga:
Code release and access: https://code.prasaga.com/sagachain
PraSaga official Linktree: https://linktr.ee/prasaga

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good you explained very well. but try to apply markdown in your post it will make your post more attractive

Thanks for the advice!

Hi, @slon21veka,

Thank you for your contribution to the Steem ecosystem.

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Hi, nice to meet you, I see your post is very great in writing several articles about the case, Good luck friend

Thank you for your feedback! The topic is really interesting

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Congratulations! This post has been upvoted through Curation Team#2. We support quality posts , good comments anywhere and any tags.
Curated by : @fombae

 10 months ago 

Hey friend

It's really true friend that account abstraction

is a very powerful and complex technology that could upgrade any block chain increase a traditional speed and reduce its gas fear as soon as it is totally adapted into the system. I'm say to you friend I'm a big fan of account abstraction and its powerful features on blockchain technology

Thanks for sharing wishing you success please engage on my entry https://steemit.com/hive-108451/@starrchris/steemit-crypto-academy-contest-s13w3-account-abstraction

Account abstraction is important to discuss and you have explained it but in a brief way which requires some more efforts and research but you tried to dive into all questions and tried to give possible answers of all questions and your content is good but in some questions there was a requirement of some great effort


Overall presentation of your post regarding knowledge wise and look wise is worthy and appreciatable. Good luck to you in this engagement challenge

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