ERC-4337 stands for “Ethereum Request for Comment 4337.” Let's dive into what this term means and why it’s needed in the Crypto space 😉
The first wave of NFTs in the summer of 2021 can be classified as rigid in function, expensive , confusing to obtain, weak in security, and limited in their blockchain of origin — which for the majority of mints were Ethereum.
Through the power of account abstraction, we can empower users with powerful new features that help bypass certain key challenges in web3 that have contributed to the bottleneck in increasing mass adoption of decentralized applications. Below, let’s see what some of these features are and what value they bring.: Think of this like two-factor authorization that’s become commonplace as a security standard across most social media, email, and web2 applications.
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