Visa taps Ethereums Goerli testnet to experiment with account abstraction
Ethereum Visa taps Ethereums Goerli testnet to experiment with account abstraction 11 segundo ang nakalipas Balita ng Ethereum ng Bitcoin Global payments giant Visa delved further into the world of Ethereum, this time experimenting on the blockchains Goerli testnet with smart contracts aimed at transaction-free payments with the help of account abstraction. Visa deployed two sets of “Paymaster” smart contracts to leverage account abstraction, which expands the capabilities of such contracts to user accounts and allows wallets to autonomously perform complex tasks and manage transaction costs on behalf of other accounts. The company detailed their testing in a report. The primary objective of these contracts is to simplify user interaction with the Ethereum network by eliminating the need for end-users to hold ether (ETH), the native cryptocurrency of Ethereum, for transaction or “gas” fees or letting users pay with any token. According to Visas report, this methodology provides a more flexible alternative to the standard fee structure on the Ethereum mainnet. The move by Visa is the latest in a relationship with Ethereum that dates back to at least 2021 when it announced it was settling payments in the USDC stablecoin on the blockchain. In doing so, it became the first major payments network to use the