Base to Implement Native Account Abstraction (EIP-8130) in the September Cobalt Upgrade

iconChainthink
Share
AI summary iconSummary
Base announced on X that its September Cobalt network upgrade will implement Native Account Abstraction (EIP-8130). The blockchain upgrade will collaborate with Optimism, Coinbase, and WalletConnect to standardize the feature across EVM chains. Base claims EIP-8130 can reduce USDC transfer gas costs by 63.2% and decrease transaction byte size by 83.4% compared to ERC-4337. A temporary testnet, Base Vibenet, is now live for early testing. Key features include gas sponsorship, batch calls, session keys, cross-chain account portability, quantum-resistant key rotation, parallel nonces, and sub-accounts.

ChainThink reports that on July 20, Base announced on X that it will launch Native Account Abstraction (EIP-8130) as part of its Cobalt upgrade in September, and is collaborating with Optimism, Coinbase, and WalletConnect to implement this standard across all EVM chains.

OP Stack chains are expected to follow later this year.

Base stated that, compared to the existing smart account solution ERC-4337, EIP-8130 can reduce USDC transfer gas consumption by 63.2%, from 125,000 to 46,000, and decrease transaction byte size by 83.4%.

To facilitate early testing by developers, Base has launched a temporary development network, Base Vibenet.

The Cobalt upgrade's core features include transaction fee sponsorship, batch calls, and session keys, corresponding to app-sponsored Gas, merging multiple transactions, and authorizing apps to sign on your behalf within specific limits.

In addition, EIP-8130 supports cross-chain account portability, quantum-resistant key rotation, parallel nonces, and sub-accounts.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.