Ethereum - The BlogChain Newsletter

What are ETHscriptions?

A new protocol called Ethscriptions is now available on the Ethereum blockchain. It currently supports images, but other data types, including text, will be added soon. Over 30k Ethscriptions have been created within approximately 48 hours since the launch, indicating a positive response from users.

ERC-6551 - Token Bound Accounts 📥

The new ERC-6551 standard allows NFTs to essentially be their own wallets, termed "Token Bound Accounts". TBAs enable NFTs to hold and manage various assets, essentially turning NFTs into dynamic entities rather than static assets. This feature facilitates several applications: composability.

Account Abstraction Explained

Account Abstraction is a revolutionary technology that is transforming the blockchain space by enabling seamless integration of different smart contracts. With Account Abstraction, the blockchain becomes more efficient, versatile, and user-friendly, making it accessible to a wider range of users.

What Is MEV, aka Maximal Extractable Value?

MEV refers to the maximum value that can be extracted from block production in excess of standard block rewards and gas fees through manipulation of transactions. It happens in the form of including, excluding, or re-ordering transactions within a block, or through generalized front-running.