Part I: WTF is Account Abstraction

Put in more traditional terms, multi-signature accounts can be explained as a form of joint bank account.... but one that acts more like a platform than an account

Blockchain-based accounts are one potentially well-posed solution to the needs outlined above, offering self-custodial data and universal login. Today, creating an Ethereum-based account does not require entering any personal data, and a subject may create an unlimited number of accounts, each represented by a unique address.

Separating "login" from "data" is powerful and attractive. Currently, we need to create an account with every app and website we use. And we need to let these apps store our data on their own servers. On the blockchain-powered web, people use a single private key (and wallet) to log in to many different apps, and their data and history belong to th... See more