Innovation With Ethereum

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Innovation With Ethereum
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<h1>Innovation With Ethereum</h1>

As much crap as Ethereum gets with their development I have to say it's one of the few if not the only one that's really made crypto into what it is today. Without Ethereum there most likely wouldn't be DeFi, NFTs, crypto games and more as that was the first blockchain to really bring these things to life.

### The Issues With Crypto

As we see adoption increasing we also see a increase of scams, trackers and downright just bad actors that do nothing more then try and get their hands on your crypto without offering a legitimate product or project or just tricking you into getting your keys etc.

While many will say it's your own fault that's clearly not the way to adoption and real world use case. Sure that's one thing that makes crypto powerful is it's public and once sent it's sent... or is it? 

That's now something Ethereum is looking to address as a way to allow for mass adoption but to try and prevent the scammers that run rampant from getting away with it. Clearly the SEC is no help and clearly blockchains do have the power to change things and become self governing or developed in a way that protects it's users.

The other case is simple mess ups. You didn't copy the address right or you copied a wrong address before and pasted it thinking you copied the right one. It happens and it can be a very expensive hard learned lesson. I double and triple check my transactions anymore because of this mistake I've made in the past and I'm sure many others will follow in those footsteps but should they have to pay the same price as I did to learn a hard lesson or can blockchain and crypto be better?

### Ethereum Update

A new update that could be coming to Ethereum called Account Abstraction (AA) uses smart contracts to execute crypto transactions. The goal of this is to have a clear understanding of the transaction that's happening and rulesets within it. This should help for making Ethereum a go to for things like automatic payments, bills, etc just like you would use a normal bank account. However help in minimizing the risks of accidental transactions.

It does this by allowing people to create a user account and have a built in safe mechanisms for verifying the transactions.

Instead of smart contracts just being used for logic in applications it could be used to implement verification like signatures of a users wallet.

Right now the most possible update to Ethereum would be EIP-4337 and the primary reason for that is it wouldn't require the dreaded hard fork which blockchains hate to undergo. Some companies to watch on this front would be StarkWare and StarkNet blockchain which are layer 2's of Ethereum. This could start to help bring crypto mainstream with every day use instead of a hold and let no one know about it mindset.

What are you thoughts on implementing such a feature to Ethereum?


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