Ethereum introduces account abstraction

Ethereum introduces account abstraction

Play To Earn Games | 24 Mar 2024 11:39 UTC

When it comes to online security for your hard-earned money or investments, it's crucial to take precautions against the constant threat of hacking and scams. Unfortunately, many people have lost their cryptocurrencies due to hacking or forgetting their private key. Invest in solid security measures to protect yourself from potential threats and protect your valuable assets.

Approximately 23% of all bitcoins have been lost forever due to forgotten keys. But, with the advancements in technology, Web3 companies are working towards making the crypto space more secure. Ethereum, in particular, has implemented solutions that provide increased security for funds, both in terms of hacking and forgotten keys. Additionally, Ethereum's innovative approach also improves user-friendliness in the crypto space.

Ethereum has introduced a new method called Account Abstraction (AA) or "double-A" to prevent common mistakes and pitfalls. But, what exactly is Account Abstraction and what benefits does it offer? In simple terms, Account Abstraction is a feature that allows users to interact with smart contracts on the Ethereum blockchain using only their Ethereum addresses, instead of having to interact with smart contracts using the underlying private key. This feature makes it more user-friendly and less prone to human error. Additionally, it also enhances security by reducing the risk of exposing private keys and funds to hacking or loss. By using the Account Abstraction feature, users can interact with smart contracts in a more secure and convenient manner.

Ethereum Upgrades to Account Abstraction

Human error is a prevalent challenge in blockchain development and can lead to potential pitfalls. The trial and error method can result in both failures and successes, and one of the recent successful solutions is the Account Abstraction method. To fully understand the concept of Account Abstraction, it's important to first have a basic understanding of how it works. Head out to our beginner’s guide to understanding crypto wallets. With Account Abstraction, transactions in cryptocurrency are conducted through smart contracts with added rules for validity. In other words, you don't need to use your private keys for every crypto transaction.

But to understand it more clearly, we need to see how Ethereum works.

Types of Accounts on Ethereum: External Owned Accounts and Contract Accounts

There are two types of accounts you can use on Ethereum.

External Owned Accounts (EOA) are accounts that are managed by external crypto wallet services such as MetaMask. These accounts use two keys, a public and a private key, to conduct cryptocurrency transactions. The private key holds significant importance as it holds the power and admin controls over the whole account. However, EOA's are exposed to human errors as forgetting the private key will result in a permanent loss of access to the funds and there is no way to reset the key. Additionally, if anyone gets access to the private key, the funds in the account can be easily stolen. It's important to properly secure and store your private key to ensure the safety of your cryptocurrency investments.

Contract Accounts, also known as Smart Accounts, are mini-programs that run on the Ethereum network. Unlike External Owned Accounts, Smart Accounts do not use keys but rather codes to perform transactions. However, they do not initiate transactions on their own, they require a transaction message from an External Owned Account (EOA) in order to function. This added layer of security helps to reduce the risk of human error, such as losing or exposing private keys, and provides an added layer of security for users' cryptocurrency investments.

How Does Account Abstraction Work?

Account Abstraction (AA) addresses the shortcomings of both External Owned Accounts (EOA) and Contract Accounts (CA) by introducing fail-safe systems and a special feature for verifying transactions. With AA, users can set up social recovery systems where several people have their own keys and can return the account to the owner who has forgotten the private key. Additionally, AA also offers the option for a pool account or multisig account, where the ownership rests with a group. This method requires multiple parties to sign a transaction, adding an extra layer of security. By using the Account Abstraction feature, users can interact with smart contracts in a more secure and convenient manner.

Account Abstraction (AA) not only offers fail-safe systems and a special feature for verifying transactions, but it also provides added convenience in terms of paying gas fees. With AA, users have the luxury of paying gas fees in any cryptocurrency of their choice. Additionally, users can also assign another person or guardian to pay the gas fee on their behalf, providing added flexibility and ease of use. The AA feature helps to improve the overall user experience in the crypto space and makes it more accessible to a wider audience.

While some of the features offered by Account Abstraction (AA) such as social recovery systems, pool accounts or multisig account and paying gas fee in any crypto are already possible with Contract Accounts (CA), the complexities and intricacies involved are high. Additionally, the gas fees for transactions on CA are also relatively high as CA requires transaction initiation from External Owned Accounts (EOA). The AA feature simplifies these processes and make them more accessible to a wider audience. With AA, developers and users can interact with smart contracts in a more secure, convenient, and cost-effective manner.

Kristof Gazso, co-author of the Ethereum Improvement Proposal (EIP), believes that the introduction of Account Abstraction (AA) will make using Ethereum accounts as simple as using a bank. He stated, "We're going to be at a point in the future where using an Ethereum account, it's going to be just as simple as using a bank, people won't have to make that trade-off of like, ‘Hey, you know, I like decentralization, but also, it's a pain in the ass to use Ethereum.” The AA feature eliminates the need for users to manage and safeguard private keys, reducing the risk of human error, and provides an added layer of security for users' cryptocurrency investments. With AA, Ethereum will be more accessible and user-friendly for a wider audience.

Account Abstraction (AA) aims to make crypto transactions as simple and accessible as regular fiat bank account transactions. With AA, users will be able to conduct transactions easily, including the option to set up automatic bill payments. This feature eliminates the need for users to manually manage and execute transactions, making the process more efficient and convenient. AA is an important step towards mainstream adoption of cryptocurrency as it makes the process of handling crypto funds as simple as using a regular bank account.

Final Word

The future of the crypto and blockchain space is looking promising as new technologies are being developed to make crypto accounts and blockchain transactions even more secure. StarkNet blockchain is one of the platforms that has already implemented Account Abstraction (AA) and in the future, we may see the implementation of facial or biometric validation for crypto transactions. Visa is also in talks with StarkNet to use Account Abstraction and deploy automatic payments using StarkNet's infrastructure. These advancements in technology will make the crypto space more secure and accessible to a wider audience, and it's exciting to see how it will shape the future of crypto transactions.

Ethereum Account Abstraction blockchain Web3 developers
StarkNet

In the coming year, Account Abstraction is expected to be widely adopted across the blockchain ecosystem as more and more platforms are recognizing the benefits it offers.

That concludes our discussion on the benefits and features of Account Abstraction. If you are interested in learning more about the blockchain gaming world, be sure to check out our reviews of play to earn games, blockchain games, NFT games, Crypto games, web3 games and more. For a more interactive experience, be sure to check out our Youtube Game Channel where we offer a variety of entertaining gaming review videos. From new releases to classic games, our channel is the perfect place to get your gaming fix and stay informed about the latest trends in the gaming industry.

Another interesting read for those interested in the intersection of blockchain technology and the gaming industry is the annual report on the most active segments in the gaming industry. According to the report, blockchain gaming has ended 2022 as the most active segment in terms of number of deals. This highlights the growing popularity and potential of blockchain-based games and the impact they are having on the gaming industry as a whole. The report also provides valuable insights and statistics on the current state and future trends of blockchain gaming, making it a must-read for anyone interested in this exciting and rapidly-evolving field.

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Evolution Land - NFT Game Review

Evolution Land - NFT Game Review

Evolution Land is a blockchain game that uses Darwinia Network's cross-chain technology and features two "continents" on Ethereum and Tron. You may purchase and sell land, manage your space, harvest crops, and construct structures. Moreover, there are 26 continents in total, each with its own blockchain, and the game has over 5 blockchains involved in its lands and NFTS. The platform provides users with virtual real estate and a concept of continents. On these continents, users can buy a land, farm, work on various structures, or hire other users to mine resources on their territory. Players can also buy and sell land on continents, harvest resources and construct buildings, engage in PvP, conduct scientific research, and so on. Fungible and non-fungible coins that are truly owned by the players and safeguarded by blockchain technology where their continent is used significantly in evolution terrain gameplay. In-Game Lands and Their Value: The game already features certain continents on the blockchain. The fourth continent of Evolution Land, the continent of Dawning, will have a total of 2025 lands based on the Huobi ECO Chain. Evolution Land has set aside a total of 249 Lands as reserves, In addition to the center area's resources, there are gold mines, forests, lakes, volcanoes, hills, and other places that will provide for prize distribution, During Crab and Darwinia Network parachain rental offers are for a two-year leasing period, Approximately 1000 acres are in reserve to thank the supporters and the community, The remaining 727 acres of land will go in the auction. An apostle or mining drill is responsible to extract a planet's resources. These resources are tokens that are exchangeable with real money. Furthermore, a user has the liberty to use points to cash out RING rewards in the Happy Lottery. Landowners can get a commission from the apostles and mining drills which can be a significant sum of money!

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Discover Kaiju Cards: A Unique Roguelike Deck Builder RPG

Discover Kaiju Cards: A Unique Roguelike Deck Builder RPG

Kaiju Cards is an exciting new strategic roguelike deck builder RPG developed by Permadeath Studios and powered by TreasureDAO. The game draws inspiration from classic trading card games like Magic: The Gathering and Yu-Gi-Oh, as well as roguelike deck builders such as Slay the Spire and Hearthstone Mercenaries. Kaiju Cards introduces players to the world of character NFTs and dungeon exploration, where they gather these NFTs to form powerful parties, venture into dungeons, amass tokens and item NFTs, and strategically evolve characters and builds. One of the standout features of Kaiju Cards is its family-friendly approach, making it suitable for a younger audience, which is a unique aspect of the game. The development roadmap includes plans for mobile integration, ensuring accessibility for players of all ages. Permadeath Studios adds an exciting twist to the roguelike genre, introducing permadeath mechanics. While the game's menus are responsive, and the tutorial is well-structured, some players have noted that combat animations are relatively basic, suggesting that more dynamic attack animations would enhance the gaming experience. Additionally, the game initially lacks audio, but this is improved in the Good Earth adventure, though an adjustable volume feature is suggested to further enhance the player's experience. Gameplay-wise, Kaiju Cards strikes a balance between challenge and entertainment, requiring strategic thinking to conquer the final boss. While it shares some similarities with other games in the genre, Kaiju Cards brings its unique charm, promising replay value, especially among younger players. Some players have suggested that a comprehensive tutorial for new players and dynamic in-game music could further elevate the gaming experience. In Kaiju Cards' dynamic gameplay, players form a trio of Kaijus for their adventure within Hooligan's Bluff, a terrain filled with multifaceted challenges. The game is currently in a closed alpha stage, requiring entry codes, but an upcoming event featuring the Pioneer Kaiju will grant access. The game is accessible through browsers, with plans for mobile integration in the works. Players explore the mysterious Good Earth, an island inhabited by three primary species: Penguins, Warhogs, and Frogs. Each player starts with an initial Kaiju set, influenced by their NFTs or the free-to-play version. As players navigate Hooligan's Bluff, a map resembling the number 8, they encounter diverse scenarios, including healing, mysterious sheds, and battles against enemy Kaijus. Upgrades enhance decks, increasing the chances of reaching the Warhog at the end. Each Kaiju contributes cards to the player's deck, with distinct species possessing unique classes that are crucial for aligning cards in battles. Knights serve as bruisers, Wizards manipulate cards, and Rogues are potent yet vulnerable glass cannons, creating a balanced strategy for success. In terms of tokenomics, the game utilizes the Good Earth Mood Stones ($GEMS) as its governance and utility token, built on the Arbitrum blockchain technology. The community response to Kaiju Cards has been positive, with players expressing excitement and appreciation for the game's art and potential. There is also optimism about the GEMS token, with some players believing it will have a strong performance. In summary, Kaiju Cards is an innovative and family-friendly roguelike deck builder RPG that introduces unique elements such as character NFTs and permadeath mechanics. While the game has some areas for improvement, such as combat animations and audio features, it offers a promising and engaging gaming experience, especially for younger players, and has generated enthusiasm within its community.

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Geopoly - Game Review - Play Games

Geopoly - Game Review - Play Games

Geopoly is a geolocation economic NFT simulator that lets players play the role of a real estate investor from anywhere in the world. If you've ever wanted to make money by investing in properties but don't have hundreds of thousands of dollars, Geopoly is the next best thing. It's simple to buy businesses from all around the world, and there are plenty of creative methods to make money while playing. Geopoly Review: There are a few ways to earn some cash while you play Geopoly, and the main ones are: Buying & Selling Property, NFTs, PvP Battles. In Geopoly game, you can buy, sell, and even rent some of the world's most renowned landmarks. In simpler words, this is a real estate simulator with some Tower Defense fighting for good measure (once a player finishes PVP). You buy places and use them to earn additional GEO$ tokens, which you may use to gain more power in the Geopoly world simulator. You'll eventually get the confidence to go up against other players and seize their non-tokenized digital assets. How does one earn in Geopoly? In Geopoly, there are two types of NFTs: iconic and special destinations. Players may acquire and use to produce extra GEO$. Pre-minted NFTs such as Special and Iconic Locations exist, but there are also unminted NFTs known as "Ownership Certificates." You have complete control and ownership over the property. It happens when you obtain an Ownership Certificate and mint a fresh NFT; only you can decide how they will be utilized (they also generate a passive income through GEO$ incentives). This means you have a once-in-a-lifetime chance to own the digital versions of businesses and monuments all across the world, including the Eiffel Tower!

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Civitas - Game Review

Civitas - Game Review

In Civitas, players can customize their plot(s) of land with unique buildings and other items they have created or acquired. This city building game allows players to express their creativity and individuality through their city design and layout. Players must strategize and make important decisions in order to create and maintain a thriving city. In Civitas, players must make strategic decisions about how to best use their resources to build and develop their city. They can choose to focus on generating passive income, improving their city's stats, or collecting rare NFTs. Players can also trade with each other, allowing them to acquire new buildings and resources to help them grow their city. As they progress, players will unlock new technologies and abilities, giving them even more options for customization and growth. Ultimately, the goal of Civitas is to build the most successful and advanced city possible. Experience the real world in a new way with the augmented reality app, Civitas. Join in adventures, gather resources, participate in minigames, and collect unique NFTs. Collaborate with other players in your local subDAO to build advanced structures, gain power, and advance to new eras. You will possess one or more land plots in a sizable city as a citizen. So, you can gather, mine, and harvest the many resources that are on your property. These materials can be transformed by NFT buildings into other products required for upgrading and crafting. A virtual "tower of influence" is located in the middle of each city, and only its residents can access it. So, players can access crucial information from towers about the performance of their cities, available quests, the state of world diplomacy, yield rates, subDAO business, and other matters pertaining to the development and expansion of cities.

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Spells of Genesis (SoG) - Blockchain Card Game, Strategy - Action

Spells of Genesis (SoG) - Blockchain Card Game, Strategy - Action

"Spells of Genesis" (SoG) is a pioneering blockchain-based mobile game that combines elements of Trading Card Games (TCG) with arcade-style point-and-shoot mechanics. This unique fusion of gameplay mechanics has made it a groundbreaking title in the blockchain gaming space. Players are required to strategically collect and combine cards to create powerful decks, essential for victory in battles against opponents. The game is set in the fantasy realm of Askian, where players collect and trade orbs to assemble formidable teams. The blockchain collectibles in the player's wallet or acquired in-game play a vital role in this journey. In "Spells of Genesis," players have true ownership of their cards, enabling trading, selling, and collecting. This ownership extends beyond the game, making it a standout feature in the gaming world. Players can enhance their decks by acquiring blockchain cards from the store or by blockchainizing their fused and leveled-up cards. The gameplay in "Spells of Genesis" is simple yet addictive, requiring cunning strategy as players progress through the game. Unlike traditional games, the cards in this game have value beyond the game itself, and players can trade, sell, and collect them. Players start with a modest deck of four cards and aim to reduce their opponent's health to zero by landing hits. Spells play a crucial role in a player's deck, as they have unique attributes and abilities that can deal more damage and influence both allies and enemies. Precise shots are required to unleash these powerful spells. The game offers three distinct game modes: campaigns, raid, and challenge. Campaigns are player-vs-environment (PvE) adventures with over 700 levels across 30 campaigns. Raid mode introduces player-vs-player (PvP) competition, where players battle opponents of similar ranks for rewards. Challenge mode focuses on survival, testing players' endurance against increasingly formidable waves of enemies, with rewards increasing in value as they progress. In terms of tokenomics, "Spells of Genesis" features a variety of in-game currencies, including gold, crystals, and gems. Gold is the fundamental currency used to acquire new in-game cards and can be earned through various in-game achievements. Crystals, on the other hand, are obtained by crystallizing cards and serve multiple purposes, including card upgrades, fusion, and blockchainization of one card per month. Players also have the option to trade their in-game cards for crystals, adding flexibility to the in-game economy. The game has garnered a positive response from the gaming community, with users expressing enthusiasm for its blockchainized cards and labeling it as an epic card battle game. "Spells of Genesis" has become a significant player in the blockchain gaming space, combining strategic card gameplay with blockchain technology to create a unique and engaging gaming experience.

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Moonville - Game Review

Moonville - Game Review

Moonville Farming is a game created by Myria that lets you harvest materials, level them up, trade, earn NFTs, collect uncommon structures, devise your own farming methods, and build an entirely new moon community. Moonville Farms, while simple to learn and play, will put your capacity for effective resource and production management to the test. uild up your foundation, earn points, move up the levels, and get paid for your abilities. Earn tokens and digital assets by competing against other gamers.

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Blocklete Golf - Game Review

Blocklete Golf - Game Review

You can buy a golfer, which is a ethereum NFT, from another player or from the marketplace in Blocklete Golf. You'll then compete in events or challenges for Medals that will help you improve your golfing talents. Your golfer will be easier to utilize in tournaments and future events if he or she has a higher rating/talents. You will be able to designate your golfer as a trainer in the future, and other gamers will pay you to train their golfers. As you can see, Blocklete Golf will offer a variety of options to generate money. The golfers are Ethereum Non-Fungible Tokens, which means that once you buy one, you own it, unlike characters or things in other games. This provides you the option of selling it on other NFT marketplaces or using it in future games. On the site's marketplace, you may buy and sell golfers. Golfers can be bought with Ethereum, as well as a debit or credit card. Other NFT marketplaces, like as open sea, allow you to purchase and sell golfers using Ethereum and other cryptocurrencies. You can even try out the golfers before you buy one, as shown in the image below. You can browse the events tab and compete in daily and weekly skill challenges after purchasing your golfer. You will earn medals for participating in these events, which will be translated into skill points for your golfer. When you click on an event, you'll be able to see what kind of medals you can win as well as all of the challenge's information. To earn the extra medals, complete the Bonus Challenge for each event. You may also check out the Leaderboard to see how many medals you'll receive for each position.

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Meta NANOs: Rumble Race - Action-Packed Adventure - Review

Meta NANOs: Rumble Race - Action-Packed Adventure - Review

"Meta NANOs: Rumble Race" offers players an action-packed adventure in a dynamic digital universe dominated by mysterious entities known as NANOs. Players take on the role of commanders, each with a collection of distinctive NANOs possessing unique attributes and capabilities. The game's strategic depth encourages players to carefully select and strategize with their NANOs to conquer fast-paced races. In this thrilling racing game, NANOs compete on a track, deploying power gems strategically to gain advantages and secure victory. The game's core gameplay revolves around racing, with NANOs autonomously sprinting at maximum speed, and factors like speed, stamina, and power gems playing crucial roles. Winning races not only brings leaderboard points but also charges power gems that offer special abilities and access to the Nanoverse. Players can practice with their NANOs for free to earn leaderboard points, although Free-to-Play NANOs earn fewer points. Competitive players can participate in Rumble Mode events with entry fees contributing to a prize pool, making it a play-to-earn mode. The in-game token, $HEROcoin, powers the Metananos world and "Rumble Race." Prepare for an adrenaline-fueled experience, where skill, strategy, and spectacle collide in "Meta NANOs: Rumble Race." Enroll today and lead your NANOs to victory in this high-energy digital racing adventure!

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BR1 - Game Review

BR1 - Game Review

BR1 is a shooter game that makes use of NFT technology. Unlike most games, which give players very little incentive, BR1 is a high-risk, high-reward game. Although BR1's premise differs fundamentally from other titles on the market, it was built with the user in mind. Currently, well-known businesses including Krafton, Solana Ventures, and Shima Capital, to name a few, have invested in BR1. The co-founder of Twitch, Justin Kan, has made an investment in the BR1 Metaverse Game, according to the game's publisher.

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Play To Earn Games: Best Blockchain Game List For NFTs and Crypto

Play-to-Earn Game List
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