Vitalik Buterin, the co-founder of Ethereum, has announced that another major upgrade is coming to the platform. This upgrade, known as account abstraction, is expected to be “super elegant” and will not require changes to Ethereum’s current protocol. Account abstraction will switch externally owned wallets to smart contract-based wallets, allowing users to recover their private key seed phrases easily. One of the main benefits of this upgrade is lower transaction fees. Additionally, the upgrade will allow all ETH investors to receive and hold other forms of crypto without having to convert them into Ethereum. Analysts note that Ethereum has yet to break past the $2,000 mark but is maintaining positive momentum.
AI Sentiment: Positive