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The Benefits of ERC-4337 Standard and Smart Contract in Blockchain Transactions

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According to the report, The Sandbox said in a social media message that it is optimistic that the Ethereum Foundation will deploy the ERC-4337 standard, especi

The Benefits of ERC-4337 Standard and Smart Contract in Blockchain Transactions

According to the report, The Sandbox said in a social media message that it is optimistic that the Ethereum Foundation will deploy the ERC-4337 standard, especially the smart contract based on this standard will involve the account abstract new account, allowing the project to pay the transaction gas fee for the user or let the user choose the token for payment.

The Sandbox: The ERC-4337 standard will be explored in the next few months

Analysis based on this information:


The Sandbox, a blockchain gaming platform, has expressed optimism regarding the deployment of the ERC-4337 standard by the Ethereum Foundation. The ERC-4337 is a standard for creating and managing individual user accounts within a blockchain network. The report notes that The Sandbox believes that incorporating this standard into their platform will add value through smart contracts that allow for greater flexibility in payment options.

One of the key benefits of the ERC-4337 standard is its ability to support smart contracts that enable users to pay gas fees for their transactions with either their own tokens or with the native token of the blockchain. This feature is very significant as it allows users to choose the type of tokens for payment. This option gives users the flexibility that they want and encourages adoption of the blockchain technology. Transactions will also be quicker when paying with the native token, as it needs only one approval on the network compared to the multiple approvals required when using other tokens. By allowing users the option to choose payment tokens, this new feature could potentially attract more users to blockchain-based services across various industries.

Furthermore, the new account abstraction feature of the ERC-4337 standard is enabling developers to create new kinds of smart contracts. Smart contracts are self-executing agreements written into code and stored on the blockchain. By facilitating the development of such smart contracts, the ERC-4337 standard is expected to help enhance blockchain-based services, such as asset tracking and supply chain solutions, as well as provide more robust security measures than conventional contracts.

Overall, The Sandbox’s message highlights the benefits of the ERC-4337 standard and smart contract, and how the Ethereum Foundation’s adoption of these new features could bring value to blockchain-based services. It’s an exciting time for blockchain technology as more industries adopt this technology to grow their business models.

In conclusion, the ERC-4337 standard and smart contract are critical components that will help shape the future of blockchain, enabling more flexible payment options and introducing new kinds of smart contracts. There are plenty of interesting developments to come, and it’s only a matter of time before we see these technologies at work in innovative projects designed to benefit users across the world.

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