Account Abstraction 101: Why? How? What?

Account Abstraction is the UX and security breakthrough needed for self-custodial crypto wallets to scale to the masses. Here’s everything you need to know.

Let’s face it. Self-custodial crypto wallets are long due for an upgrade. The UX is clunky and complex and, unlike Web2 bank accounts, there are very few security features.

Instead, users are accountable for protecting their private keys, where one wrong move can completely wipe away their funds. The cost and likelihood of error are massive, and even the most experienced crypto users have lost control of their accounts with one wrong or careless move.

At Braavos, our mission is to make crypto simple and secure for everyday users. And truthfully, we have a long way to go.

But few innovations will be as successful as account abstraction in helping us reach this goal.

Cited by Vitalik Buterin as a “long-time dream” for the Ethereum developer community, account abstraction is a critical upgrade in wallet structure that provides users with greater security, more flexibility, and, most importantly, a significantly better user experience.

Account abstraction reduces the friction of self-custodial wallet products, allowing everyday users to safely store their assets and customize their security preferences. All without facing the risks that come along with losing their private key.

Finally, this technology is the fundamental UX breakthrough needed for non-custodial blockchain wallets to scale to millions of mainstream crypto-users.

But before diving deep into the world of account abstraction, let’s recap how Ethereum Accounts work under the hood.

To read more about Account Abstraction, please visit Braavos ’s original article: Account Abstraction 101: A Comprehensive Guide

To gain access to the Braavos ecosystem and see the power of account abstraction live, download the Braavos Wallet app and join the discussion on Discord.
We can’t wait to see you there.