Gelato and Safe have enabled developers to build smart contract wallets as first-class citizens on Ethereum’s Base L2 by bringing their Account Abstraction infrastructure and developer SDK, and the teams will provide bounties for hackers at ETHDenver to showcase interesting use cases.
Account Abstraction to Enable Smart Contracts on Base
Gelato and Safe are bringing their Account Abstraction infrastructure and developer SDK to Base, a new Layer 2 (L2) solution for Ethereum, just in time for ETHDenver.
This move, confirmed by Gelato, will enable Web3 developers to use smart contract as first-class citizens, instead of Externally Owned Accounts (EOAs), from the outset, defining a common standard and offering users a better experience when interacting with decentralized applications (dApps).
Account Abstraction allows third parties to execute transactions on behalf of users, meaning users no longer have to own the native asset to pay for transaction fees, they can recover wallets in case of lost private keys, and enjoy batched transactions for a simpler user experience, among other benefits.
Base’s transaction fees are significantly lower than those of Ethereum, making deploying smart contract wallets for all users and sponsoring transactions practical at a larger scale. Moreover, the platform has the advantage of starting with a ‘clean slate,’ which allows developers to build dApps with Account Abstraction already in mind.
Developers can use a single powerful SDK to access all the features of Account Abstraction out of the box for the launch of the Base testnet, including social onboarding, gasless transactions, and fiat on-ramping.
The introduction of Account Abstraction and smart contract-based wallets will accelerate the adoption of L2 solutions like Base. The Base, Safe, and Gelato teams will provide bounties for hackers at ETHDenver to build interesting use cases that showcase the power of Accounts Abstraction in combination with cheap transactions on the Base L2.
What is Gelato:
Gelato is web3’s decentralized backend empowering builders to create augmented smart contracts that are automated, gasless & off-chain aware on all major EVM-compatible blockchains including Ethereum, Polygon, Fantom, Arbitrum, BNB Chain, Optimism and many more.
What is Base:
Base is a secure, low-cost, developer-friendly Ethereum L2 built to bring the next billion users to Web3. Base is built as the optimum environment for budding developers in Web3 to build on using their RPC testnet endpoint or choose from Node providers: QuickNode, Infura, and Blockdaemon. Developers can start building on the Base testnet today and stay tuned for the upcoming mainnet launch
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Source : bsc.news
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