What Is ETH

Poloniex data monitoring shows that ETH has fallen below 2500 USDT, currently reported at 2499.78 USDT, with a 24H decline of 0.67%.

On September 15, Ethlabs developer Derek Chiang stated that the collaboration on account abstraction concerning EIP-8130 and EIP-8141 (framework transactions) concluded last week, with Ethereum and Base each advancing different standards. The two parties initially aimed to establish a unified solution applicable to both L1 and L2, providing a consistent cross-chain experience for gasless transactions, keyless wallets, and future quantum-resistant accounts. Chiang pointed out that Ethereum L1 places greater emphasis on censorship resistance, privacy, security, and quantum resistance, requiring support for signature aggregation, privacy protocols, and freely programmable account transaction types, leading to the development of proposals such as ERC-4337, EIP-7701, and EIP-8141. In contrast, Base and other L2s focus on scalability, customization, and compliance, seeking protocols that can identify and restrict specific accounts and transaction types, hence proposing standards like EIP-8130. Although both sides identified various technical solutions, they required at least one party to compromise on core objectives, ultimately leading to separate developments and shifting the responsibility for compatibility with different standards to wallet and application developers. Chiang believes that a future EVM coordination mechanism could be established to encompass more L1 and L2 participants or accept standard differentiation, hiding underlying differences through wallet and application layers; he currently favors the latter path.

On September 15, Ethlabs developer Derek Chiang announced that the collaboration on account abstraction concerning EIP-8130 and EIP-8141 (framework transactions) concluded last week, with Ethereum and Base opting to advance different standards independently. The two parties initially aimed to establish a unified solution applicable to both L1 and L2, providing a consistent cross-chain experience for gasless transactions, keyless wallets, and future quantum-resistant accounts. Chiang noted that Ethereum L1 places greater emphasis on censorship resistance, privacy, security, and quantum resistance, necessitating support for signature aggregation, privacy protocols, and programmable account transaction types, resulting in proposals like ERC-4337, EIP-7701, and EIP-8141. In contrast, Base and other L2 solutions focus on scalability, customization, and compliance, seeking protocols that can identify and restrict specific accounts and transaction types, thus proposing standards like EIP-8130. Although both sides identified various technical solutions, they required at least one party to compromise on core objectives, ultimately leading to separate developments and shifting the responsibility for compatibility with different standards to wallet and application developers. Chiang believes that a future coordination mechanism covering more L1 and L2 participants could be established, or that standard differentiation could be accepted, with underlying differences hidden at the wallet and application layer; he currently favors the latter approach.