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@yshour

79 Following
5 Followers


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@yshour
Minted a bear.
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This is beneficial because: You don't need to hold Ethereum (ETH) for gas fees, other tokens can be used. It adds flexibility to your account without needing a whole new wallet system.
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1. You sign a message saying what you want to do (transaction). 2. That signed message gets sent to a trusted service (smart contract). 3. The service uses your message and a special code (opcode) to act on your behalf, like paying with your account even if it has no funds for gas fees.
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EIP-3074 is like giving someone (a smart contract) temporary permission to use your debit card. Here's how it works:
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#EIP3074 Imagine your Ethereum account is like a bank account. Normally, to spend money, you need to have enough funds and use your debit card (private key) to authorize the transaction. cont..
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Operators: These are the ones who manage the security guard (run software for AVSs) and get paid by restakers.
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Restakers: People who stake Ethereum (act like landlords for the security guard) can rent out their security to AVSs through EigenLayer for extra money.
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AVS (Actively Validated Services): These are basically other blockchain applications that need security, like bridges between different blockchains or data storage facilities.
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Imagine you have a big security guard (Ethereum) watching over a building (blockchain). EigenLayer is like a company that lets you rent out this security guard to watch over other things (AVSs) in your neighborhood (different blockchain applications).
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Spacebar, hyperlock, thruster, pac finance
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First cast..
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