The Ethereum Foundation launched project support activities related to account abstraction, and the deadline is March 31
On February 28, the Ethereum Foundation announced that it would launch a new round of funding from February 27 to March 31, 2023, to encourage development, research and education around account abstraction and the necessary infrastructure to support it, including webauthn transaction verification, account abstraction block browser, bundler, p2p messaging, sequencer RPC, etc.
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Ethereum Foundation Announces New Funding Round to Encourage Development, Research and Education
The Ethereum Foundation, known for its blockchain technology and its cryptocurrency Ethereum, has announced a new round of funding to encourage development, research, and education around account abstraction and its necessary infrastructure. This initiative aims to bring more developers and researchers to the space, and help build the infrastructure needed to make the technology more accessible and scalable.
Account abstraction is a concept that allows users to interact with smart contracts without having to create a new Ethereum account for each one. This feature would enable users to execute smart contracts on the Ethereum network without having to pay gas fees for each transaction. With account abstraction, users can create and manage multiple contract accounts using only one Ethereum account. Ultimately, this would make Ethereum more efficient and cost-effective for users.
The Ethereum Foundation plans to fund research and development into a range of infrastructure projects, such as webauthn transaction verification, account abstraction block browser, bundler, p2p messaging, sequencer RPC, among others. The funding round will run from February 27, 2023, to March 31, 2023, and the foundation is calling for innovative proposals that will help improve and scale the Ethereum network.
This announcement is a significant step towards making Ethereum more accessible and functional for users around the world. By investing in critical infrastructure projects, Ethereum Foundation will provide the necessary support to build a more robust and scalable platform for the future. This move will also attract more developers and researchers to the space, as it provides an opportunity to solve real-world problems and create new use cases for blockchain technology.
Overall, the Ethereum Foundation’s announcement demonstrates its continued commitment to support innovation and development around account abstraction and other essential infrastructure projects. This initiative is expected to generate more interest in blockchain technology, particularly in the Ethereum network, which will help drive growth and adoption in the years to come.
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