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Pete Horne
@horneps
Wrapping my head around account abstraction and I have a question. If account abstraction was compared to oauth, would Microsoft, Google, Apple, Facebook etc, all be alternative “alt-mempool” networks that users could choose from?
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0xqeew
@0xqeew
You will find this helpful
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Pete Horne
@horneps
Thanks. Moving that slide to one side, do alt-mempools have to manage keys to sign the transactions that perform the functions?
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shazow
@shazow.eth
I could be wrong but my understanding is that it effectively uses similar to MEV mechanisms to incentivize execution (anyone can execute an op in the mempool, additional fees can help manifest executions). It doesn't need to be allowlisted to specific executors.
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Pete Horne
@horneps
Thanks for this insight. MEV is in the main mempool though, right (I could be wrong). Alt-mempools as far as I can tell, are not available on all eth nodes, they are run by interested groups (not a judgment).
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shazow
@shazow.eth
I don't believe alt mempools need to be private/centralized? They're just a different kind of mempool that contain this specific special type of transactions.
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Pete Horne
@horneps
Yes; this is part of the mechanics I have to get clear about. Thanks!🙏
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shazow
@shazow.eth
It's been a while since I read the proposals, I should refresh on it too!
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shazow
@shazow.eth
Worth noting that approaches like this (ie EIP-4337 ) doesn't solve other things like allow us to migrate the cryptography to post-quantum and usurp EOA accounts altogether, need something enshrined for that.
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shazow
@shazow.eth
Although I learned today that we can add new cryptography for new AA wallets, and there's already some in production! (but that means existing EOAs would need to migrate all their assets manually to benefit). Still, pretty cool.
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