Research: Account abstraction

[royscheeren]

Problem statement

Look into account abstraction to see if it:

• [ ] Already is operational on Tezos
• [ ] Can solve the problem of hiding who minted an asset
• [ ] Can solve the problem of providing for transaction costs. So users dont have to own tez to create assets.

[dansan566]

https://blog.dns.xyz/smart-wallets/

Summary:

The article explores the concept of account abstraction in Web3, particularly how DNS Smart Wallets on the Tezos blockchain enhance the user experience by simplifying wallet management. It highlights the limitations of traditional wallets, where each wallet functions as a separate identity, complicating transactions and interactions. DNS Smart Wallets integrate multiple wallets under a single identity, allowing for easier management and enhanced security features. The system is designed to be user-friendly, catering to both beginners and experienced crypto users.

Key Points:

1. Account Abstraction: DNS Smart Wallets leverage account abstraction, which simplifies wallet management by treating wallets as part of a broader account system rather than isolated identities.

2. User Experience: The abstraction allows for user-friendly features such as social logins, combining multiple wallets under a single ID, and cross-device access, making Web3 more accessible to a broader audience.

3. Security and Control: Users can control multiple wallets through smart contracts, enhancing security while maintaining the flexibility to upgrade or modify their wallets as needed.

4. Simplified Onboarding: The system is designed to provide a seamless onboarding experience for new users, including the ability to start with simple wallets and gradually adopt more sophisticated tools as they gain experience.

[jdsika]

Wait for NL feedback regarding examples

[jdsika]

Is there a specification of WHAT account abstraction is in a very concrete example