Account Abstraction

Account abstraction refers to a concept in blockchain technology that allows developers to create more flexible and powerful smart contracts by separating the control of funds from the execution of code. In traditional blockchain systems, smart contracts can only be executed by accounts that hold the necessary funds or assets. However, with account abstraction, the execution of smart contracts can be sponsored or delegated by separate accounts, enabling the execution of complex operations without requiring the contract itself to hold funds. This abstraction layer enhances the capabilities of smart contracts, allowing them to interact with multiple accounts, assets, and functionalities, and opens up possibilities for more advanced decentralized applications.