Co-sponsor of Ethereum Proposal EIP-4337 Resigns and Creates Web3 Infrastructure Project
On February 23, Kristof Gazso, the co-sponsor of account abstraction proposal EIP-4337, said on Twitter that he had resigned from his position in Nethermind, t…
On February 23, Kristof Gazso, the co-sponsor of account abstraction proposal EIP-4337, said on Twitter that he had resigned from his position in Nethermind, the Ethereum client, and created the Web3 infrastructure project Pimlico, which will focus on becoming the underlying infrastructure layer supporting Ethereum’s transition to smart contract wallets.
Account abstract proposal EIP-4337 co-founder Kristof Gazso created Web3 infrastructure project Pimlico
Analysis based on this information:
The recent announcement that Kristof Gazso had resigned from his position in Nethermind, the Ethereum client, came as a shock to the crypto world. Gazso was the co-sponsor of account abstraction proposal EIP-4337 and had been an integral part of the Ethereum community. In his tweet, Gazso revealed that he had created a new project called Pimlico, which will focus on becoming the underlying infrastructure layer supporting Ethereum’s transition to smart contract wallets.
The move comes as Ethereum is undergoing a major transformation, with the Ethereum 2.0 upgrade that is set to switch to Proof-of-Stake (PoS) consensus mechanism from Proof-of-Work (PoW) consensus. The change to PoS will make Ethereum more energy-efficient and improve the scalability of the network. It will also bring about significant changes to the way smart contracts are executed on the network, including changes to gas fees and the introduction of new features such as sharding.
Gazso’s new project, Pimlico, focuses on the transition to smart contract wallets, which are a crucial component of Ethereum’s future. Smart contract wallets are an innovative concept that allows users to securely store their crypto assets in a smart contract on the Ethereum blockchain. With smart contract wallets, users do not need to rely on centralized exchanges or custodial services to manage their funds. Instead, they can hold complete ownership and control over their assets.
By creating Pimlico, Gazso aims to build a strong infrastructure layer that will support the transition to smart contract wallets. This infrastructure will provide developers with the tools they need to build smart contract wallets that are secure, user-friendly, and efficient.
In conclusion, Kristof Gazso’s resignation from Nethermind and the creation of Pimlico signal an important development for the Ethereum community. As Ethereum transitions to PoS and smart contract wallets, there will be a need for robust infrastructure that can support these changes. Gazso’s project, Pimlico, aims to provide this infrastructure and support the growth of the Ethereum ecosystem.
Keywords:
Ethereum, EIP-4337, account abstraction, Pimlico, smart contract wallets
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