Steemit Crypto Academy Contest / S13W3 - Account Abstraction .

Hello Everyone.
I hope you all are fine and doing great here. I welcome you to my another Crypto Academy Contest which is about Account Abstraction.

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Can you explain in detail Account Abstraction and its operational principles?

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Account Abstraction is simply a blockchain method which is generally used in Ethereum based blockchains and It is a kind of Smart Contract Wallets which helps us in creating Non-Custodial Wallets and It has so many benefits.

We all know about Ethereum accounts. It is based on Ethereum blockchain and We can store our Eth currencies in these accounts. There can be two types of accounts which we can discuss about.

First one is External Account which many people use and People uses External Account manually and It uses a Private Key or Seed Phrase and Seed Phrase is a combination of 12,18 or 24 words.

These External Accounts used that Seed Phrase to execute a transaction. We need to save this phrase offline as It should not be stolen. But In case, If we lose this Seed Phrase, then We will not be able to recover our account in any way.

And It is case where Account Abstraction takes place. It is like a Smart Accounts. With the help of this, We can execute any transaction without the need of External Accounts which makes it reliable, safer and faster.

It works like a Multi-Signature wallet like If a wallet is of an organization, then No Single Person can initiate transaction in this wallet. It will need a minimum number of sign to initiate the transaction.

It helps the user in many ways like signless transaction and We can also recover our wallet in easy way and It makes the user experience very good.

For example, If We want to execute a transaction from a wallet of an Organization, then It can also done with the addresses of employees of that Organization which is really a plus point.

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It's Operational Principles

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It's Operational Principles are quite simple. Like in External Accounts, A user need to initiate transactions but In Smart Accounts, It uses a method which is known as UserOperations which do all the operations on the behalf of that person.

The UserOperations method consist all the required data to execute any transaction and When It try to make a transaction, then It is verified by Bundlers which is a part of Account Abstraction.

We can also customize this UserOperations according to our need like how we want it to manage our accounts.

Regarding the accessibility and usability of blockchain, what are the implications of adopting Account Abstraction?

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After adopting Account Abstraction, There are so many implications and It creates a great impact on the blockchain and wallets. Let's discuss these implications.

• It Improves Security

Security is one of the major part of blockchain and transactions and It can be improved using Smart Contract Wallets and We can also make our own security rules with the help of Accounts Abstraction.

• Easy Recovery

We can easily recover our wallet if we lose our keys and It is one of the great benefit of Account Abstraction.

• Better User Experience

It made user experience very simple and It also enhance the user experience. Like If we were using External Accounts before and then We move to Smart Contract Wallets, then We will definitely realise the better user experience.

• Gas Fees

Account Abstraction allows any other user to pay your gas fees in any transaction and DApps can also pay their user gas fees and In this way, AA helps.

• Beginner-Friendly

Like Many Users are beginner in blockchain and It can be challenging for them to execute transaction in complex manner and Account Abstraction makes the way easy for them and allows them to execute transactions in easy manner.

For simple Example, If a User does not have enough information about Blockchain and It is very challenging for them to keep private keys and execute transactions in External Wallets, then Account Abstraction allows these users to execute transactions in easy manner and With easy user experience, AA offers them good experience of using Smart Wallets.

What methods are used to integrate Account Abstraction into an existing blockchain system?

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There are some methods which can be used to integrate Account Abstraction into an existing blockchain system.

• First of all, We need to upgrade and enhance the Protocols of thr existing blockchain as It will create the first way of implementing the Account Abstraction in that blockchain.

• Implementing Smart Contracts in the blockchain is also one of the major step of this. As Smart Contracts is one of the major point of Account Abstraction and It will allow the blockchain users to identify Smart Contracts on the blockchain.

• Middleware Layers plays an important role in the blockchain system and Developers of the blockchain need to work on these layers and modify these to implement Account Abstraction.

• As I have discussed about Gas fees above, Hence For the Process of Integrating Account Abstraction, Developers need to work on the Gas fees Management as AA also suggests the blockchain to pay the gas fees of the user.

• It is necessary to maintain the network up to date and Developers have to make the changes in the blockchain which will give the users good user experience, provide security and maintains flexibility in the blockchain.

Could the integration of Account Abstraction present advantages for the Steem blockchain? If so, could you elaborate on the potential benefits?

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Integration of Account Abstraction can definitely present many advantages for the Steem blockchain. Let's discuss these advantages -

• Enhance Privacy and Security

Integration of Account Abstraction for Steem blockchain can enhance security and privacy in the blockchain as after applying this, It will be very difficult for an attacker to steal funds of any Steemian.

• Beginner Friendly for a New User

It will be very easy for a beginner to use the blockchain and execute transactions. Like A New User joins Steemit, Then It will be very easy to the user to make transactions of do any specific tasks after integration of Account Abstraction in Steem blockchain.

• Improves Scalability

After it's integration, It will make every function of the blockchain easier and more friendly and Users of the Steem blockchain will also be able to customize according to their own requirements which will make the experience more friendly.

• Better User Experience

Account Abstraction will make the experience of Steem blockchain better. Users will definitely like the experience of this blockchain and It will allow other users to spend more time on the blockchain because of better user experience.

I believe that after integration of Account Abstraction on Steem blockchain, Many users will like the user experience and It will help the Steem blockchain to attract more users because of the benefits added after it's integration.

Are there any drawbacks associated with using Account Abstraction, and if so, could you provide a concrete example?

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Yes, there are some of the drawbacks associated with using Account Abstraction and These are-

• Integrating Account Abstraction in a blockchain can increase complexity in that blockchain and especially for the developers. Developers need to do many modifications in the blockchain which will be very complex.

• As Account Abstraction is a new process. So, There is a lack of understanding of this method among users of blockchain and It needs various informational guide to educate users about this method. Because of lack of understanding, Users may do a wrong step in the blockchain.

• There are still some security issues with Account Abstraction and It is one of the drawbacks of this method like data of the users of a blockchain can be accessed if security measures are not implemented properly by the developers of the blockchain.

Let's take an example regarding on this, There is a user whose data is breached or accessed by the attackers on the blockchain which was integrated with Account Abstraction just because the Developers of that blockchain did not implement the proper security measures on that blockchain.

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Conclusion

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Account Abstraction is really a good blockchain protocol which has so many benefits and can be beneficial for so many users. I have discussed about Account Abstraction in detail in this post and I have also discussed about How can we implement it in an existing blockchain and benefits of AA if it could be implemented on Steem blockchain and some of the drawbacks of this protocol.

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I invite @malikusman1, @starrchris and @sduttaskitchen to participate in this contest.

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Thank You!