Research Summary
The report discusses the future upgrades to Ethereum, focusing on the Ethereum Virtual Machine (EVM), EIP-1559 changes, and account abstraction. The report highlights the banning of SELFDESTRUCT, a controversial opcode, and the introduction of the EVM Object Format (EOF) for better separation of code and data. It also discusses making the gas price equation more AMM-like and making the fee market time-aware. The report further explores account abstraction, which allows the EVM to implement the verification logic of individual user wallets, leading to better flexibility, customization, and security.
Actionable Insights
- Monitor the Ethereum upgrades: The upcoming Ethereum upgrades, including changes to the EVM, EIP-1559, and account abstraction, will have significant implications for the Ethereum ecosystem.
- Understand the implications of account abstraction: Account abstraction will allow for more programmable user wallets, leading to better flexibility, customization, and security.
- Stay informed about changes to the gas market: Proposed changes to the gas market, such as making the gas price equation more AMM-like and making the fee market time-aware, will affect transaction costs on the Ethereum network.
