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Ethereum overhauls account abstraction to cut gas costs

Ethereum smart accounts are to be adapted as part of an upgrade that will curb gas usage on layer-2 networks.

Significant revisions to Ethereum's account abstraction standard are being made to curtail gas consumption, especially for layer-2s.

The Ethereum Foundation shared a preview of extensive modifications to the ERC-4337 standard specification, which deals with account abstraction, also known as smart accounts.

These changes are based on lessons learned from nine months of experience with ERC-4337, said developer John Rising.