Harmony’s Account Abstraction to Allow Greater Flexibility and Functionality
On February 19, Harmony announced that it would implement account abstraction in the second quarter of 2023, providing users and developers with greater flexib…
On February 19, Harmony announced that it would implement account abstraction in the second quarter of 2023, providing users and developers with greater flexibility and functionality. Account abstraction is a function that allows the creation of multiple types of accounts. Each account has unique functions and characteristics.
Harmony will implement account abstraction function in the second quarter
Interpretation of the news:
Harmony, a smart contract platform and open infrastructure for the decentralized economy, has announced that it plans to introduce account abstraction in the second quarter of 2023. The addition of account abstraction will provide users and developers with greater flexibility and functionality, allowing them to create multiple types of accounts, each with unique functions and characteristics.
Account abstraction refers to a coding feature that enables a smart contract to access multiple accounts in a single execution. Currently, on most blockchain platforms, users only have one public key and one account associated with it. However, with account abstraction, users can create multiple types of accounts and associate each account with different programs. This will open up new possibilities for blockchain-based applications, providing greater flexibility and functionality to developers and users.
This feature will also allow blockchain-based applications to initiate transactions on behalf of users, without requiring private keys or access to the user’s wallet. Instead, the smart contract will be able to access and manage multiple accounts on behalf of the user, making it easier to automate complex transactions or execute certain operations more efficiently.
With the integration of account abstraction, Harmony is setting itself apart from other blockchain platforms and positioning itself as a leader in the space. The platform currently boasts high transaction speeds and low fees, making it a popular choice for decentralized applications. By offering greater flexibility and functionality with account abstraction, Harmony is likely to attract more developers and users to its platform and further solidify its position as a leading blockchain technology.
In conclusion, Harmony’s announcement of the implementation of account abstraction in the second quarter of 2023 is an exciting development for the blockchain industry. With multiple account types, the possibilities for blockchain-based applications are virtually limitless. This feature opens up new possibilities for automation and improved efficiency, providing greater flexibility and functionality for developers and users.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/1529/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
The Rise of Bitfinex: $700,000,000 Transferred from Tether Treasury
According to reports, according to Whale Alert monitoring data, 700000000 USD (approximately US $70042000) has been transferred from Tether Treasury to Bitfinex.
70 million USDTs t -
Avalanche Launches Glacier API Beta
It is reported that Avalanche announced the launch of Glacier API beta, which will provide all blockchain data from Avalanche and Ethereum, as well as the offi…
-
What Does Ethereum Mean (Ethereum Fund App Download)
What does Ethereum mean? According to official statements, in the world of block
-
The Voyager to Zambia and the Helium Network Circle
12:00-21:00 Key words: Zambia, Voyager, Helium Network, Circle
Overview of important developments in the evening of February 19
Interpretation of …
-
BitKeep Wallet Responds to the Hack with Fund Compensation
On March 1, BitKeep Wallet announced that in response to the previous 729 APK installation package hijacked by hackers, which led to the theft of some users\’ f…
-
OpenAI’s ChatGPT: Innovating Conversations with Plug-ins
On March 24th, OpenAI announced that it was adding support for plug-ins for ChatGPT, a tool designed specifically for a language model with security as its core principle, which ca
-
SushiSwap Integrates With Transak: Enabling Access to Over 130 Cryptocurrencies
On April 19th, it was reported that SushiSwap integrated Transak\’s cryptocurrency purchase portal, allowing users to purchase over 130 cryptocurrencies directly on SushiSwap throug
-
**LockBit Ransomware Attacks Banco de Venezuela: What You Need to Know**
On the morning of April 22nd, Twitter users began discussing how LockBit ransomware broke Banco de Venezuela. Several computer security portal websites have confirmed that there is
-
Table of Contents
According to reports, Mike Novogratz, CEO of Galaxy Digital, told investors that he was shocked by the level of attention regulators have paid to cryptocurrencies rather than artif
-
Bitcoin HODLers Back to Accumulation Stage as Reports Show Increased Inflow of 15000 BTCs per Month
According to reports, Glassnode data shows that during the depth of the bear market, after a brief period of active allocation, Bitcoin HODLers have returned to the general accumul
-
Why can Bitcoin be traded on a platform
Why can Bitcoin be traded on a platform? Why can Bitcoin be traded on a platform? Today we will talk about why Bitcoin can be a trading platform Firstly, it should be noted that Bitcoin’s trading platform is built to provide services to people through the internet. It is a very convenient and secure choice for users to buy, sell, hold, and transfer digital assets on the platforms they use; At the same time, they can also create value for their own funds and achieve financial freedom. Secondly, as Bitcoin itself is a highly innovative and promising financial product, it is also very attractive for an ordinary investor. However, with the development of technology becoming more and more mature, and the demand of mainstream society for Cryptocurrency is also increasing, so exchanges, as a relatively important Medium of exchange, have become the focus of many people’s attention, because they enable traders to easily access various types of digital assets, thereby…
-
Fed Brad Reports on Market Expectations and Inflation Control
According to reports, Fed Brad said that the market expected inflation to be controlled in the next few quarters or years; The US economy may have a soft landi…
-
DEX DeGate Collaborates With Imunefi to Launch a $1.1 Million Vulnerability Reward Program
On April 7th, it was reported that DEX DeGate, an order book based on ZK Rollup, collaborated with the vulnerability reward platform Imunefi to launch a vulnerability reward progra
-
When will the investment in IPFS pay off (when does IPFS start charging)
When will the investment in IPFS pay off? I have always advised everyone not to
-
Voyager Unsecured Creditors Committee Files an Appeal Against Binance. US’s $1 Billion Acquisition
On April 6th, according to the Voyager Unsecured Creditors Committee\’s announcement on social media, an appeal was filed on Monday against a court order opposing Binance. US\’s $1 b
-
#Table of Contents
According to reports, Nvidia has launched the NeMo Guardrails tool to help developers ensure the accuracy, relevance, and security of generating AI. NeMo Guardrails allows develope