Account abstraction, the new shiny object in crypto

Search “<a href="https://twitter.com/search?q=account+abstraction" rel="noopener ugc nofollow" target="_blank">account abstraction</a>” on the bird app and you will find one of the hottest product discussions going on in crypto right now. The hopes for account abstraction (AA) range from simply improving the usability of blockchains to unlocking a whole new world of functionality that will finally bring about true mass adoption. It’s hard not to get excited by the possibilities, but then you start to look at some of the live examples of AA and the hype seems a bit overblown. In their quest to obscure the seedphrase, product teams have made big compromises on privacy, they’ve asked users to place trust in opaque or unknowable third parties, and they’ve constructed key management schemas that are not compatible with existing wallet standards. <a href="https://danajwright.medium.com/account-abstraction-the-new-shiny-object-in-crypto-c94289bd1475">Read More</a>