A place for talking about the Ethereum Virtual Machine on Farcaster.

EIP to validate passkeys on-chain with a precompile: https://eips.ethereum.org/EIPS/eip-7212#motivation

This would be huge for AA wallets. 

I'm curious if anyone has a pulse on how likely this is to pass, seems like there's usually a lot of contention around adding precompiles.

Technowatermelon. Elder Millenial. Building Farcaster. 

nf.td/varun

It’s the most promising EIP 💪 I’m committed to push it forward

These wallet will also have seed phrases right ? Where and how would they be stored ?

Learning and contributing. Optimist  ✨🔴_🔴✨

Why would you need seed phrases?

The seed phrase could be used purely for account recovery

But ideally there wouldn’t be a seed phrase in the first place

Making investing together better https://onit.chat | Variant Founder Fellow | Cambridge Alum | Formerly Ireland's #3 powerlifter (74kg)

But you don’t need a seed phrase from the passkey

Seed phrases are just the most common key management system for blockchain

However blockchains don’t require an actual seed phrase

With EIP-7212 you could have boyh sec256k1 and secp256r1 keys controlling a Smart Account

you wouldn't be able to get a seed phrase from the passkey pk pair

passkeys have built in account recovery with the provider (apple or google)

but you can also have onchain social recovery ofc

PRIVATE

It would require deploying a Smart Account similar to how Safe and Argent wallets work

I have very limited knowledge from the tech side.

Right now, we download a wallet and create an address with Seed phrases. public /private key.

Once such EIP is implemented, what would an address creation look like ?

Download the app and create a wallet by hardware verification?