Allen

Allen

crypto seeker||starknet

Account abstraction and contract wallet

Abstract Accounts#

  1. The group consisting of Alex Jupiter, Julianis, Lucas Store, and Nico Rebecca discussed the concept of abstract accounts.
  2. Lucas Store pointed out that separating logic from protocols is the key to abstract accounts, which also makes web functions more secure and user-friendly.
  3. Julianis stated that abstract accounts mean being able to program key functions of accounts, such as authentication, authorization, replay protection, and transaction execution.
  4. Nico Rebecca mentioned that abstract accounts help improve user experience, so from the user's perspective, the term abstract accounts can be intimidating.
  5. Motilavi stated that abstract accounts provide developers with more design space.
  6. Alex Jupiter noted that abstract accounts encompass aspects such as signatures, authorization, replay protection, and transaction execution.
  7. Overall, abstract accounts are a hot topic that helps improve the program performance, security, and user experience of accounts.

Bravos Contract Wallet#

  • Bravos is an intelligent contract wallet based on StarkNet.
  • The user experience is too complex, so many people tend to use centralized solutions.
  • StarkNet has low gas fees and gas speed, which can enhance security levels.
  • Bravos has built a security layer in terms of security, which is what we call the "security password model."
  • The basic level is the seed password signer, which is commonly known as twelve or twenty-four words.
  • Next is the protected signer, which utilizes the trusted execution environment of the user's phone to provide two-factor authentication.
  • On this basis, more complex custom verifications can be performed, and complex execution logic can be executed.

Token & Fee Mechanism Design#

  • Game theory is an important part of algorithmic game theory, specifically dealing with incentive mechanisms in computer systems.
  • Each block on the blockchain can be constructed by a leader, and users can place transactions in it and must pay for it.
  • Payments can be of two types: consuming tokens or creating new tokens.
  • Mechanism design is a mathematical theory that studies how to design economic transactions to achieve desired economic goals, even when participants have strategic behavior.
  • We will not discuss how to choose leaders or look at transaction content, but only look at the space transactions need in the block and then sell it.
  • Finally, mechanism design can help us design a decentralized system that achieves the desired effect even when each participant acts with strategic goals.
  • The focus of this sharing is how to design incentive mechanisms for tokens and transaction fees.

Argent Wallet#

  • Argent, founded by Itamar Lesuisse, aims to abstract the complexity of all blockchains for technical users.
  • StarkNet and the StarkNet GS first library, as well as GetStarkNet, provide possibilities for separating smart wallets.
  • Development in the tech field has already seen half a million installations of the Arjun X Chrome extension.
  • Through multi-layered backends, browsers, various features, and components, Argent can provide a highly polished wallet experience.
  • On the other hand, the network supports NFT contract deployment, marketplace scenarios, fund integrity, and data security.
  • Since its inception, the Argent team has believed in the power of open-source code to accelerate ecosystem formation.
  • This also demonstrates the great strength and vitality of the StarkNet ecosystem in professional websites.
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