Understanding the Difference between EIP-4337 and zkSync Era: A Breakdown of Native Account Abstraction
According to reports, zkSync posted an article on social media explaining the difference between EIP-4337 and zkSync Era in terms of native account abstraction. zkSync stated that
According to reports, zkSync posted an article on social media explaining the difference between EIP-4337 and zkSync Era in terms of native account abstraction. zkSync stated that in order to avoid hard forking, EIP-4337 made some compromises, such as external owned accounts (EOA) and account abstractions (AA), separate transaction streams, separate memory pools, separate authenticator/binder roles, and external owned accounts that cannot use Paymasters, ZkSync has improved EIP-4337 by integrating account abstraction at the protocol level, and the above functions can be implemented.
ZkSync: EIP-4337 Compromises to Avoid Hard Bifurcation
Outline
– Introduction
– What is EIP-4337?
– Limitations of EIP-4337
– What is zkSync?
– Advantages of zkSync
– zkSync’s improvements to EIP-4337
– Conclusion
– FAQs
Article
The world of blockchain technology is constantly evolving, and developers are always on the lookout for ways to improve the efficiency and scalability of these systems. One such improvement in recent times has been native account abstraction, which enhances the transaction process by eliminating intermediary actions. However, not all native account abstraction implementations are created equal. Two different implementations, EIP-4337 and zkSync, have been making headlines lately for their differences. In this article, we’ll take a closer look at these implementations and explore their various strengths and weaknesses.
What is EIP-4337?
EIP-4337 is a form of native account abstraction introduced by Ethereum Improvement Proposals. This implementation is designed to boost the efficiency of the Ethereum network by streamlining the transaction process. It involves separating external owned accounts (EOAs) from contract accounts, and allowing them to handle transactions independently. This means that EOAs can execute transactions without the need for a smart contract to handle the task.
Limitations of EIP-4337
While EIP-4337 has some notable benefits, it still comes with several limitations. Additional streams are required for contract transactions, account abstractions, memory pools, and authenticator/binder roles, which can make the entire process more complex. EOAs also cannot interact with Paymasters, which can limit the flexibility of the system. Overall, EIP-4337 is not the most efficient implementation of native account abstraction, and there is certainly room for improvement.
What is zkSync?
zkSync is another implementation of native account abstraction which has been gaining popularity lately. It is a layer-2 scaling solution on the Ethereum blockchain that offers fast, cheap, and secure transactions. zkSync is designed to improve upon the limitations of EIP-4337, and offers some unique advantages of its own.
Advantages of zkSync
One of the biggest advantages of zkSync is that it provides faster transaction validation times than EIP-4337. This is because zkSync can perform more complex operations than EIP-4337, and because it can store more data within a single transaction. Additionally, zkSync supports a larger range of features than EIP-4337, including withdrawals and arbitrary computations.
zkSync’s improvements to EIP-4337
zkSync has improved upon EIP-4337 by integrating account abstraction into the protocol itself. This eliminates the need for additional streams, memory pools, and authenticator/binder roles. It also enables EOAs to interact with Paymasters, which provides greater flexibility for users. Overall, zkSync’s implementation of native account abstraction is more efficient and effective than EIP-4337.
Conclusion
In conclusion, native account abstraction is an essential component of the blockchain technology stack. While EIP-4337 is a notable implementation, it does have limitations that can hinder the efficiency of the system. zkSync, on the other hand, offers a more robust implementation of native account abstraction that delivers faster transactions, greater flexibility, and improved functionality. As the technology continues to evolve, it’s likely that more improvements will be made to native account abstraction, and we’ll keep you updated on all the latest developments.
FAQs
Q1. What is account abstraction?
A1. Native account abstraction is the ability of the Ethereum network to execute transactions without relying on an intermediary smart contract.
Q2. Is zkSync faster than EIP-4337?
A2. Yes, zkSync offers faster transaction validation times than EIP-4337.
Q3. Can EOAs interact with Paymasters on EIP-4337?
A3. No, EOAs cannot interact with Paymasters on EIP-4337, whereas they can on zkSync.
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