There are a few problems with this: 1) What if the user does not remember their pwd? They will never have access to their wallet and will lose everything 2) The pwd is used to decrypt the data locally, which introduces vulnerability since the data can be stolen during this process 3) Kinda similar to the custodial wallet, but here the user has the pwd, but still weak
That's where account abstraction comes in... the smart contract code for the wallet can have mechanisms coded in it regarding recovery.. guardian/replace public key etc
My question is how the user is going to manage his owned items for example transfer them to another wallet? It's clear that the generated wallets like this can not be accessed by no other platforms.
The reason for this in the state he showed it in is two fold. One you can have a wallet that you know for a fact no one has the keys to. You own the wallet that created the contracts and you create them yourself. So no MetaMask middleman. Not that Metamask has access to your keys but it's one less entity between. The second reason is that you could have the local or email wallet wherever and not have the pain of moving it. Plus, as another user said, its away to access these from the outside or programmatically. Obviously not perfect yet and still has a password but so does your wallet....and this has less outside involvement.
You could build your own erc 4337 implementation. But basically all these web3 buzz is just a big giant scam. First it wants to solve the problem of persistent/unchangeable data via blockchain and introduced eoas. Now, it wants to solve the problem introduced by eoas by basically go back to the web2 ways of handling things lmaooooo😂
#0xgas #AccountAbstraction Looking forward to the dynamic and inclusive crypto ecosystem 0xGasless is creating
glad to see another video from you man...
#0xgas #AccountAbstraction The 0xGasless SDK is a revolutionary tool based on ERC-4337 principles, aiming to transform the blockchain experience
Great video, a good proof of concept
Glad you enjoyed it!
There are a few problems with this:
1) What if the user does not remember their pwd? They will never have access to their wallet and will lose everything
2) The pwd is used to decrypt the data locally, which introduces vulnerability since the data can be stolen during this process
3) Kinda similar to the custodial wallet, but here the user has the pwd, but still weak
That's where account abstraction comes in... the smart contract code for the wallet can have mechanisms coded in it regarding recovery.. guardian/replace public key etc
you are doing a really great job. I am learning a lot from you. I can't wait for you to make a video about DEX Aggregators
The github repo is not the one that watase is referring on the video
My question is how the user is going to manage his owned items for example transfer them to another wallet?
It's clear that the generated wallets like this can not be accessed by no other platforms.
you could still add recovery via a social account to this as well
@thirdweb please update the correct github repo link, thanks!
this is cool
The reason for this in the state he showed it in is two fold. One you can have a wallet that you know for a fact no one has the keys to. You own the wallet that created the contracts and you create them yourself. So no MetaMask middleman. Not that Metamask has access to your keys but it's one less entity between. The second reason is that you could have the local or email wallet wherever and not have the pain of moving it. Plus, as another user said, its away to access these from the outside or programmatically. Obviously not perfect yet and still has a password but so does your wallet....and this has less outside involvement.
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user / password... oh no... how to steal a wallet - big dislike. Because your sign in user/pass exposes your wallet. Don't fall for scams like this.
what do you mean with "exposes your wallet"? can you please eli5? thanks
You could build your own erc 4337 implementation. But basically all these web3 buzz is just a big giant scam. First it wants to solve the problem of persistent/unchangeable data via blockchain and introduced eoas. Now, it wants to solve the problem introduced by eoas by basically go back to the web2 ways of handling things lmaooooo😂