Gourav Sarkar’s Post

Breaking Down Account Abstraction: A Simple Guide to a Complex Innovation Account Abstraction (AA) in Ethereum can sound intimidating, but its core idea is simple: what if externally owned accounts (EOAs) could act like smart contracts? Why does this matter? Imagine if your Ethereum wallet could do more: ✨ Use different signature methods like Passkey ✨ Automate tasks and support advanced functions Here’s a breakdown of how each EIP tackles this: 1️⃣ EIP-4337: Uses smart contract wallets now instead of EOAs. 2️⃣ EIP-3074: Adds two new opcodes, allowing EOAs to delegate tasks to an external smart contract (invoker account). 3️⃣ EIP-7702: Delegates EOAs to a smart contract seamlessly, no extra opcodes needed, making it elegant and efficient. These upgrades could transform Ethereum accounts, unlocking new possibilities but also bringing complexity. As we dive into these changes, careful implementation will be key. 🛠️ #Ethereum #Blockchain #AccountAbstraction #Web3Innovation

The Ethereum Dencun upgrade (next hard fork) has been scheduled for March 13, 2024. The most important EIP implemented as part of the upgrade is EIP-4844, also known as proto-danksharding.  Ethereum end-users are expected to benefit from lower gas fees on layer two (L2) transactions following proto-danksharding. The EIP details are as follows: Improved data availability EIP-4844: also called proto-danksharding Improved efficiency of smart contracts EIP-1153: Introduces transient storage op-codes in the EVM EIP-5656: Memory copying instruction EIP-6780: Remove SELFDESTRUCT opcode Improved validator management EIP-7044: Delegated staking EIP-7045: Increase max attestation inclusion slot EIP-7514: alter the validator churn limit EIP-4788: lower the trust assumptions of staking pools, and restaking arrangements Fee related EIP-7516: Introduces the BLOBBASEFEE opcode for data blobs Here is a five-part series from Consensys that explains more about all the EIPs https://lnkd.in/gVBA2hCZ #ethereum #blockchain #smartcontracts #eip

🚀 Exciting News for the #Blockchain Community! 🌐 Introducing ERC-3643: The Game-Changer in Tokenizing Real-#World Assets and #Securities! 🌟 Struggling with aligning token standards with regulatory requirements? Look no further! ERC-3643 is here to revolutionize the world of decentralized finance. 🌍💼 Key Features: 🔹 ERC-20-compliant suite of smart contracts 🔹 Enables seamless issuance, management, and transfer of permissioned tokens 🔹 Focuses on compliance and regulatory adherence 🔹 Dedicated to the public domain under the permissive CC0 license Benefits: 🔸 Mitigates risks for issuers and investors 🔸 Facilitates legal compliance 🔸 Enables on-chain compliance enforcement 🔸 Widely approved in the Ethereum ecosystem Unlock the potential of ERC-3643: 🔓 Issue tokens confidently 🔓 Ensure regulatory compliance 🔓 Enhance security and transparency Join the movement towards seamless tokenization with ERC-3643! 🚀💡 #Blockchain #ERC3643 #Tokenization #DecentralizedFinance #Compliance #Innovation #defi #ethereum

Are you a legal professional looking to scale your digital assets practice and stay ahead in the rapidly evolving Web3 landscape? Discover how Barely Blockchain can transform your career with cutting-edge education, hands-on learning, and unparalleled networking opportunities. 🌐💼 Our latest article, "5 Ways Lawyers Can Scale Their Digital Assets Practice," highlights the key strategies to elevate your practice, including: -Gaining cutting-edge education on Web3 and blockchain -Participating in our Web3 Legal Clinic for hands-on experience -Leveraging a global community of legal professionals -Expanding your professional network -Connecting with ethically aligned Web3 businesses Don’t miss out on this opportunity to enhance your legal expertise and grow your practice in the digital age. 🔗 https://bit.ly/3L2fHUc #LegalTech #Blockchain #Web3 #DigitalAssets #BarelyBlockchain #LegalProfessionals #LawPractice #LegalInnovation #ByteBao

𝗪𝗵𝘆 𝗶𝘀 𝗕𝗮𝘀𝗲 𝗟𝗲𝗮𝗱𝗶𝗻𝗴 𝘁𝗵𝗲 𝗪𝗮𝘆? Launched by Coinbase in August 2023, Base is an Ethereum Layer-2 solution designed to enhance scalability and reduce transaction costs. 𝗪𝗵𝗮𝘁 𝗔𝘁𝘁𝗿𝗮𝗰𝘁𝘀 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗲𝗿𝘀 𝘁𝗼 𝗕𝗮𝘀𝗲? By leveraging Ethereum’s security and decentralization, Base offers significant improvements in scalability. This makes it an ideal platform for developers building dApps and users seeking a more efficient on-chain experience. 𝗪𝗵𝗮𝘁 𝗠𝗮𝗸𝗲𝘀 𝗕𝗮𝘀𝗲 𝗦𝗽𝗲𝗰𝗶𝗮𝗹? Its deep integration with Coinbase brings several advantages: - 𝗖𝗼𝗻𝘀𝘂𝗺𝗲𝗿 𝗕𝗮𝘀𝗲 𝗮𝗻𝗱 𝗧𝗿𝘂𝘀𝘁: Coinbase’s reputation as a trusted entity in the crypto industry provides Base with a solid foundation of credibility, attracting Coinbase’s 110 million users to the Base ecosystem. - 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗲𝗿 𝗦𝘂𝗽𝗽𝗼𝗿𝘁 𝗮𝗻𝗱 𝗘𝗰𝗼𝘀𝘆𝘀𝘁𝗲𝗺 𝗜𝗻𝗶𝘁𝗶𝗮𝘁𝗶𝘃𝗲𝘀: Programs like Onchain Summer highlight Base’s commitment to fostering a vibrant community of developers and creators, making it a hub for innovation. Discover more about why Base is leading Ethereum’s evolution 👉https://lnkd.in/geZEBDMc #Crypto #Blockchain #Ethereum #Base #Coinbase #Layer2 #Innovation

🚀 Contracts on autopilot! Smart Contracts are rewriting the rules of business agreements. Automation meets transparency – it's a deal-making revolution! Say goodbye to traditional agreements! Dive into the revolutionary impact of smart contracts on business deals. Witness the magic of automation and transparency transforming your contractual dealings. It's not just a contract; it's a smart contract! Ready to experience the future of business agreements? Click the link in our bio to explore Smart Contract solutions. #SmartContracts #BusinessAgreements #DealRevolution #BlockchainSecurity #BusinessResilience #SecureSuccess #BlockchainEfficiency #BusinessOptimization #FutureOfBusiness #DecentralizedTrust #CryptoSafe #SecureTransactions #NFTs #DigitalArt #BlockchainInnovation #ArtRevolution  #BlockchainQuantumLeap #AdvantevInnovation #BusinessBeyondLimits #InterstellarTranscendence #BlockchainAlchemy #AdvantevMagic #DigitalTransformation #BusinessTransmutation #AdvantevHarmony #DigitalInnovation #SecureMelody #AdvantevInnovation #BlockchainMastery #DigitalTransformation #FutureTechNow #BlockchainInnovation #AdvantevAdvantage #DigitalTransformation #SecureTomorrow #FutureTechRevolution #SecureAndConnected #blockchain #blockchaintechnology #blockchainrevolution #blockchaindevelopment #blockchaingaming #blockchainsecurity #blockchainnews #blockchaintech #blockchaineducation #BlockchainForBeginners #FutureOfFinance #DecentralizedRevolution #FinancialFreedom

Ever heard of DAOs? #DAO stands for "Decentralized Autonomous Organization" and refers to an organization that is coded by a transparent computer program. The program is neither controlled by shareholders nor influenced by a central government, instead all rules are coded in #SmartContracts. The records of financial transactions and the program rules are stored on a Distributed Ledger Technology (#DLT) such as a #blockchain, which ensures secure tracking of financial interactions. With their public codes, DAOs are completely transparent, immutable and incorruptible. Our CEO Karl Gero Wendeborn is convinced: "Simply put, a DAO is a kind of company shareholding with digital voting rights. This allows us to participate in good concepts and exert a strategic influence on the projects via the votes. In our view, such organizations have great potential for attractive returns.”

In the rapidly evolving world of blockchain technology, safeguarding your groundbreaking ideas is more crucial than ever. Whether you're a seasoned developer or a visionary entrepreneur, understanding the ins and outs of intellectual property protection can make or break your innovations. In this article, we'll dive into the strategies and legal frameworks that empower you to secure your blockchain inventions, ensuring your hard work remains protected in this competitive landscape. #Blockchain #BlockchainTechnology #Techlaw #IP #Innovation #DeFi #OmnusLaw #IPLaw

Another development in the Ethereum ecosystem! This time the 𝐧𝐞𝐰 𝐭𝐲𝐩𝐞 𝐨𝐟 𝐫𝐨𝐥𝐥𝐮𝐩. Don’t worry, the new "𝐁𝐚𝐬𝐞𝐝 𝐑𝐨𝐥𝐥𝐮𝐩𝐬" are not direct competitors with optimistic and ZK rollups. While optimistic and ZK rollups 𝐝𝐢𝐟𝐟𝐞𝐫 𝐛𝐲 𝐯𝐚𝐥𝐢𝐝𝐚𝐭𝐢𝐧𝐠 𝐬𝐭𝐚𝐭𝐞, 𝐁𝐚𝐬𝐞𝐝 𝐫𝐨𝐥𝐥𝐮𝐩𝐬 𝐝𝐞𝐚𝐥 𝐰𝐢𝐭𝐡 𝐬𝐞𝐪𝐮𝐞𝐧𝐜𝐢𝐧𝐠 (consensus). The idea is simple: Instead of using their sequencer, Based rollups 𝐝𝐞𝐥𝐞𝐠𝐚𝐭𝐞 𝐯𝐞𝐫𝐢𝐟𝐲𝐢𝐧𝐠, 𝐨𝐫𝐝𝐞𝐫𝐢𝐧𝐠, 𝐚𝐧𝐝 𝐜𝐨𝐦𝐩𝐫𝐞𝐬𝐬𝐢𝐧𝐠 transactions to the searchers, builders, and proposers existing 𝐰𝐢𝐭𝐡𝐢𝐧 𝐄𝐭𝐡𝐞𝐫𝐞𝐮𝐦 (𝐋1). It significantly 𝐢𝐦𝐩𝐫𝐨𝐯𝐞𝐬 𝐥𝐢𝐯𝐞𝐥𝐢𝐧𝐞𝐬𝐬 and is the most 𝐝𝐞𝐜𝐞𝐧𝐭𝐫𝐚𝐥𝐢𝐳𝐞𝐝 𝐰𝐚𝐲 𝐭𝐨 𝐬𝐞𝐪𝐮𝐞𝐧𝐜𝐞 the rollup network. Justin Drake proposed the new rollup subset in March 2023 and several projects (ex. Taiko Labs, Espresso Systems) are building on it right now. https://lnkd.in/gDGsHKpw For more details, I recommend this material by Four Pillars https://lnkd.in/g6bvibtd Image source: https://lnkd.in/gavqNKHj #blockchain #Ethereum #rollups #Based #sequencing

Just deployed my Proxy contract on the Goerli test network! 🚀 This contract enables seamless upgrades to the logic of my Ethereum smart contract project while maintaining the same address. Here are the contract addresses: Implementation contract: 0x897906d4d37bDb14d2Fb6d1474AB388aD945a23d Proxy contract: 0x1ebD3112c6B6ddd8CEA9b729215F946B320dF44c To verify the deployment, you can check the contract addresses on Etherscan: https://lnkd.in/g6imK9e3 Excited to continue exploring the possibilities of smart contract development! 💡 #Blockchain #Ethereum #SmartContracts #ProxyContract #web3 #blockchaindevelopment #solidity