An audited version of the Ethereum [ETH] Foundation’s ERC-4337 account abstraction standard is now live on Ethereum mainnet.

The standard has been implemented via the smart contract EntryPoint. This smart contract will reportedly alter how users interact with wallet services.

On 2 March, Yoav Weiss, an Ethereum Foundation security researcher, announced at WalletCon in Denver that the core contracts for ERC-4337 have passed an audit by Open Zeppelin. Additionally, the wallets will be available on every Ethereum Virtual Machine (EVM) compatible network. This included Polygon [MATIC], Optimism [OP], Arbitrum [ARB], BNB Smart Chain, Avalanche [AVAX], and Gnosis Chain.

New users will no longer need to learn complicated seed phrases or the technical process of setting up a wallet.

(By Suzuki Shillsalot)

Get the latest news here: Cointime channel — https://t.me/cointime_en