ERC-4337 has been heralded across crypto Twitter as the arrival of Account Abstraction on Ethereum. Technically speaking, it’s not. Account abstraction unifies EOAs and contract accounts, whereas ERC-4337 is an opt-in standard that can help decentralize the operations of smart contract accounts on Ethereum.
This note focuses exclusively on providing the reader with a high-level understanding of ERC-4337. To learn more about account abstraction, check out Nansen’s report here.
What is it?
ERC-4337 can be described as a transaction relayer infrastructure for smart contract accounts. It can enable the creation of a decentralized fee...