Ethereum ‘smart accounts’ are getting tweaked in an upgrade that will reduce gas usage on layer-2 networks.
The Ethereum Foundation is set to push through major changes to the account abstraction standard in Ethereum in a bid to reduce gas consumption — particularly for layer-2s.
On Jan. 10, the Ethereum Foundation shared a preview of the drastic changes to the ERC-4337 standard specification, which deals with account abstraction, also known as smart accounts.
The new version 0.7 applies learnings from nine months of ERC-4337 being used, according to developer John Rising in an update shared with Cointelegraph.
