TechFlow news: The Ethereum Foundation will make significant modifications to the account abstraction standard in Ethereum to reduce gas consumption, especially for Layer 2.
On January 10, the Ethereum Foundation shared a preview of major changes to the ERC-4337 standard specification, which covers account abstraction, also known as smart accounts. The biggest change is the structure of account abstraction transactions, which are more complex than ordinary Ethereum transactions. These transactions now require specifying five gas values instead of just one.
Rising explained: "Users must specify more than one gas value to account for computations that can occur when verifying signatures. With smart accounts, users can have multiple types of signatures and pay gas in various ways. This means the required gas amount varies, and transactions must explicitly state how much they're willing to spend on such validation."
This makes gas estimation more accurate and reduces gas costs, as these changes decrease the amount of data that needs to be published.
The new specification will also impose a 10% penalty on all unused gas during user execution, preventing applications from setting unnecessarily high gas limits on transactions.
