WOMEN IN CRYPTO Conference by Nextrope

Karolina

24 Jun 2022
WOMEN IN CRYPTO Conference by Nextrope

Empowering leaders of the next generation

On June 23, 2022, the "WOMEN IN CRYPTO: Web3 Product Development in Times of Recession" conference took place in the heart of Warsaw, in the inspiring surroundings of the Cambridge Innovation Center at Varso Tower, 73 Chmielna Street. The conference organized by Nextrope is a unique initiative that caught the attention of everyone interested in the future of blockchain technology, cryptocurrencies and the development of projects in Web3. The event had a special dimension, as it highlighted the vital role of women in this rapidly developing field.

The WOMEN IN CRYPTO conference was an excellent opportunity to share experiences, explore new trends, and get to know inspiring figures who play a key role in building the future of finance, technology, and innovation. During the event, guests could listen to fascinating lectures, participate in inspiring discussions, and make valuable contacts in the web3 environment.

About

Varso Tower has become an epicenter of discussion, innovation, and inspiration for blockchain, cryptocurrency, and web3 technology enthusiasts. The event was distinguished by the quality of its content and a special emphasis on highlighting women's value and enormous contribution to the growing world of blockchain technology. The conference not only provided excellent knowledge but also gave exceptional recognition to the role women play in this rapidly developing field.

The main goal of the conference was to show the potential of developing blockchain technology and the web3 ecosystem during the recession.It was possible to learn about the perspective of women in this field, who are often underrepresented, despite their enormous contribution to the development of projects based on blockchain, cryptocurrencies and web3 technology.

The WOMEN IN CRYPTO conference is an ideal opportunity for female attendees to gain knowledge and share experiences. Discussions led by prominent figures from the world of cryptocurrencies and Web3 can be inspiring for many.

Speakers and Panel Moderation

The conference WOMEN IN CRYPTO: WEB3 PRODUCT DEVELOPMENT IN THE TIME OF RECESSION hosted exceptional female speakers. Let's meet these inspiring women who enriched the event with their knowledge and experience:

Speakers

Marta Małachowicz, Frontend Developer at Nextrope - A specialist in Frontend Development, she plays a key role in creating powerful and user-friendly platforms for web3-based projects. Her expertise also includes seamless integration of smart blockchain contracts. Marta is a passionate enthusiast for innovation in the web3 field. She strives to create transformative solutions that will contribute to a decentralized future.

Joanna Marks, Business Development Specialist w GamerHash - Joanna Marks is a Business Development Specialist and an expert in games and metaverse. She holds a master's degree in journalism and social communication from Adam Mickiewicz University in Poznan. Her work involves transferring game experience to the world of metaverse, creating new opportunities and inspiration in the field of game development.

Christina Kucinska, Member of Polish Blockchain Association and EMEA Treasury Manager - Christina Kucinska is a corporate finance professional with more than 10 years of experience. She is an expert in investment instruments, liquidity management and hedging. Her passion revolves around the blockchain and cryptocurrency industry. She is eager to share her knowledge and experience, contributing to the understanding of the role of cryptocurrencies in the financial world.

Wiktoria Wójcik, Co-Founder inStreamly - Wiktoria Wojcik is the co-founder of the inStreamly platform, which over the past 3 years has helped 160 brands reach gamers in 12 countries and more than 100,000 streamers monetize their hobby. She started out as a gamer, then a streamer, esports host and marketer, and eventually became an entrepreneur in the gaming industry. Together with her team, she created a platform that allows brands to easily collaborate with thousands of small and medium-sized streamers, achieving large engaged communities.

Moderation

Paulina Lewandowska, Web3 Business Development w Nextrope - Paulina Lewandowska, an enthusiast of economics and innovative technology applications in the field of finance. She had the honor of serving as moderator during the conference. In her role as moderator, she brought her experience and enthusiasm to the discussions during the panels and enriched the conversation with valuable thoughts and questions.

These women brought tremendous value to the WOMEN IN CRYPTO conference. Each of them provided valuable insights and inspiration to the event participants. Their expertise and passion contributed to the audience's deeper understanding of the topic.

Thursday Gathering 

The WOMEN IN CRYPTO conference was part of a broader initiative called "Thursday Gathering". This event is held periodically each week in different locations. The goal of the gathering is to bring together creators, entrepreneurs, investors, students, and visionaries to build strong, inclusive, and equitable innovation ecosystems in cities around the world.

Innovators meet, exchange experiences and ideas, and consider collaborating on projects and ideas for the future. It's an open environment where every participant can contribute to creating a better future.

Conclusion

The conference "WOMEN IN CRYPTO: Web3 Product Development in Times of Recession" provided inspiration, knowledge, and a different perspective on the topic. The speakers shared their expertise and passion. They showed that the future of new technologies is bright and that women play an important role in shaping it.

The "WOMEN IN CRYPTO" conference showed that despite the challenges posed by the recession, blockchain technology and cryptocurrencies continue to grow, creating new opportunities and changing the way we think about finance, technology, and innovation. Women are playing a key role in this process and contributing to solutions that are changing the face of the future.

Tagi

Most viewed


Never miss a story

Stay updated about Nextrope news as it happens.

You are subscribed

Account Abstraction on Ethereum: A Deep Dive into the ERC-4337 Standard

Karolina

14 Nov 2023
Account Abstraction on Ethereum: A Deep Dive into the ERC-4337 Standard

Ethereum, since its inception, has stood at the forefront of blockchain innovation, introducing concepts that have revolutionized the industry. At its core, Ethereum is not just a cryptocurrency but a platform for decentralized applications (dApps), powered by its native token, Ether. Among the numerous advancements in the Ethereum ecosystem, one concept that is gaining momentum is Account Abstraction. This concept, particularly highlighted in the ERC-4337 standard, presents a paradigm shift in how accounts are managed on the Ethereum blockchain, promising enhanced security and a more seamless user experience.

Account Abstraction, though a technical concept, has far-reaching implications for everyday users, developers, and the broader Ethereum community. It represents a move towards a more flexible and user-friendly blockchain, addressing some of the challenges and limitations of the current account model. As we delve into this topic, we will uncover the intricacies of Account Abstraction and the pivotal role of the ERC-4337 standard in reshaping the Ethereum experience.

Understanding Account Abstraction

Ethereum primarily uses two types of accounts: Externally Owned Accounts (EOAs) and Contract Accounts. EOAs are controlled by private keys and are typically used by individuals to send transactions or interact with smart contracts. In contrast, Contract Accounts are governed by their contract code and are used to deploy and run smart contracts.

The traditional Ethereum account model, centered around EOAs, has its limitations. It often leads to complex management of private keys and lacks flexibility in transaction execution. This is where Account Abstraction comes into play. It proposes a unified account model, blurring the lines between EOAs and Contract Accounts. Under Account Abstraction, user accounts would essentially function like smart contracts, enabling more complex and secure transaction rules beyond the simple private key model.

ERC-4337 Standard: An Overview

The ERC-4337 standard represents a significant milestone in Ethereum's ongoing evolution, offering a novel approach to implementing Account Abstraction without necessitating extensive changes to the core Ethereum protocol. This standard introduces a framework that enables users to experience the benefits of Account Abstraction, bringing enhanced flexibility and security to account management on the Ethereum blockchain.

The Core Concept of ERC-4337

At its heart, the ERC-4337 standard is about enabling accounts on Ethereum to behave more like smart contracts. This shift allows for more sophisticated rules around transaction execution, which traditionally could only be applied to Contract Accounts. The key innovation of ERC-4337 is the introduction of a new entity known as the 'User Operation.' These are bundles of transactions that users sign, which are then executed by a new type of account called a 'Bundler.' Bundlers are responsible for submitting these operations to the blockchain, ensuring that they conform to the user's predefined rules.

Technical Mechanisms

ERC-4337 operates through a smart contract, known as the 'EntryPoint,' which acts as a hub for User Operations. Users send their signed operations to this contract, which then delegates the execution to the appropriate smart contract wallets. This process is facilitated by relayers who, in exchange for a fee, submit these operations to the EntryPoint. The beauty of this setup is that it does not require any changes to miners' or validators' operations in the Ethereum network, making it a less intrusive yet effective solution for Account Abstraction.

Benefits of ERC-4337

The introduction of the ERC-4337 standard brings several key advantages:

Enhanced Security: By allowing accounts to set more complex rules for transaction execution, ERC-4337 provides an additional layer of security. This includes capabilities like multi-signature verification and automated checks before transaction execution.

Improved User Experience: With ERC-4337, users can enjoy a more streamlined and flexible transaction process. For instance, they can execute batch transactions, set up recurring payments, or integrate more sophisticated wallet recovery options.

Greater Flexibility: Developers can create more innovative dApps with complex transaction requirements, thanks to the flexibility offered by ERC-4337. This could lead to new use cases and applications on the Ethereum blockchain.

Implementing Account Abstraction with ERC-4337

The implementation of Account Abstraction using the ERC-4337 standard marks a pivotal moment in Ethereum's development. This process involves several critical steps and considerations for both developers and users.

Implementation

  1. Smart Contract Wallet Deployment: The first step involves deploying a smart contract wallet compatible with the ERC-4337 standard. This wallet will manage the user's assets and execute transactions based on predefined rules.
  2. Setting Up User Operations: Users need to define their transaction rules and parameters within these smart contract wallets, known as User Operations.
  3. Utilizing Relayers and Bundlers: To execute transactions, users interact with relayers who submit their operations to the EntryPoint contract. Bundlers then include these operations in the blockchain.

Considerations for Developers and Users

  • Security: While ERC-4337 enhances security, developers must ensure that the smart contract wallets and User Operations are robust against potential vulnerabilities.
  • User Experience: Developers should focus on creating intuitive interfaces for setting up and managing User Operations, making the process user-friendly.
  • Cost Implications: Implementing ERC-4337 may involve additional costs, such as fees for relayers. Users and developers need to consider these financial implications.

Impact on the Ethereum Ecosystem

Increased Security and Trust: With more robust account security features, Ethereum can attract a broader audience, including those previously wary of blockchain's security aspects.

Enhanced User Accessibility: Simplified transaction processes and user-friendly interfaces will lower the barrier to entry, potentially leading to increased adoption of Ethereum-based applications.

Innovation in dApps Development: Developers will have more freedom to experiment with complex transaction mechanisms, leading to innovative dApps that could redefine the blockchain landscape.

Long-Term Implications

Standardization and Interoperability: Account Abstraction could become a standard feature in future blockchain platforms, enhancing interoperability across different networks.

Influence on Other Blockchains: Ethereum's move towards Account Abstraction may inspire similar developments in other blockchain ecosystems, fostering a new wave of blockchain innovation.

Conclusion

The introduction of Account Abstraction, particularly through the ERC-4337 standard, is a landmark development in Ethereum's history. It represents a significant stride towards a more flexible, secure, and user-friendly blockchain platform. As we venture into this new era, the potential of Ethereum to revolutionize not just finance but various sectors of the economy becomes increasingly evident. The ERC-4337 standard is not just an enhancement of Ethereum's technical capabilities but a step towards realizing the broader vision of blockchain technology - a more open, secure, and accessible digital future for all.

Key Takeaways

What is Account Abstraction?

Karolina

10 Nov 2023
What is Account Abstraction?

Account abstraction is a new way of thinking about how users interact with blockchains. Instead of using traditional externally owned accounts (EOAs), account abstraction allows users to create and manage their accounts using smart contracts. This has a number of potential benefits, including improved security, enhanced privacy, and increased flexibility.

What is account abstraction?

Account abstraction is a concept that, at its core, aims to simplify the user's interaction with blockchain networks. It is a transformative approach that seeks to mask the technicalities of blockchain operations from end-users. It is making transactions as straightforward as sending an email. Account Abstr. allows users to interact with the blockchain without worrying about the underlying technical details.

How does account abstraction differ from the traditional model?

In the traditional account model, each user has an EOA. EOAs are controlled by private keys, which must be kept secret in order to protect the user's funds. Acc. abstraction allows users to create and manage their accounts using smart contracts.

Historical Context

The journey towards acc. abstraction began with the first generation of blockchain technologies, characterized by their "one-size-fits-all" approach to account management. Bitcoin, for instance, introduced the concept of accounts and transactions in a form that was accessible to tech-savvy individuals but remained perplexing to the layperson. Ethereum expanded on this by introducing smart contracts, which opened the door to programmable transactions but did not alter the fundamental account structure. The idea of acc. abstraction has been discussed in the Ethereum community for several years as a part of various Ethereum Improvement Proposals (EIPs), particularly as a feature to be potentially implemented in Ethereum 2.0. It is a direct response to the need for a more versatile and user-centric design that can cater to a broader audience and spur the widespread adoption of blockchain technology.

The Technicalities of Account Abstraction

Account abstraction is not merely a theoretical construct but a technical innovation with specific mechanisms underpinning its operation. In essence, it alters the way transactions are initiated and executed within a blockchain network.

How Account Abstraction Works

Under traditional blockchain models, initiating a transaction involves an externally owned account (EOA) signing a transaction with a private key. This transaction is then broadcast to the network for validation and inclusion in the blockchain. Account abstraction, however, replaces this process with a more flexible one. Here, every account is a smart contract, and transactions are messages sent through these contracts. These smart contracts can encode complex rules for transaction validation, beyond what EOAs can do, such as multi-signature requirements or conditional transactions based on certain triggers.

The technical crux of account abstraction lies in the smart contract’s ability to define its own conditions for transaction execution. This means that user accounts can have unique security protocols or automated operations without the user needing to understand the underlying smart contract code.

Hey! Are you interested in the latest technologies in the blockchain area? be sure to read the article 'Top Zero-Knowledge Proof Projects to watch in 2023'

The Benefits of Account Abstraction

The implications of account abstraction are profound, offering a range of benefits that can enhance the blockchain experience for users and developers alike.

Improved User Experience

One of the most significant advantages of account abstraction is the improvement it brings to user experience. By abstracting away the complexities of key management and transaction rules, it presents a more intuitive interface for users.

Enhanced Security Features

Account abstraction also allows for the implementation of advanced security measures. Since each account can define its own logic, users can tailor their security settings to their specific needs. For instance, one might set up an account that requires additional verification for transactions exceeding a certain value or restricts withdrawals to certain addresses.

Future Implications

The future implications of account abstraction are vast. As the technology matures, it could become a standard feature of blockchain networks, potentially making the current distinction between user accounts and smart contracts obsolete. This could lead to a new wave of blockchain applications that are both powerful and accessible, bringing us closer to the vision of blockchain technology as a seamless part of everyday life.

Challenges and Considerations

Technical Limitations

One of the primary technical challenges of Acc. abstraction lies in its integration with existing blockchain protocols. Current networks are optimized for the EOA model, and introducing a new account structure necessitates significant changes to the core protocol. This includes modifications to the way transactions are propagated in the network, how gas fees are calculated, and how the state of the blockchain is managed. Ensuring that these changes do not compromise the network's performance or security requires careful planning and extensive testing.

Compatibility with Current Systems

Another consideration is the compatibility of account abstr. with the vast ecosystem of existing blockchain applications and services. Wallets, exchanges, and other services have been built around the traditional account model. Transitioning to an acc. abstraction model will require these services to update their infrastructure, which may be a complex and resource-intensive process. Furthermore, there is a need for standardization across the industry to ensure that different implementations of account abstr. can work seamlessly together.

Conclusion

Acc. abstraction represents a significant leap forward in the quest for a more user-friendly blockchain experience. By streamlining the transaction process and offering enhanced security features, acc abstraction has the potential to make blockchain technology more accessible to a broader audience. However, the path to widespread adoption is not without its obstacles. Technical challenges and compatibility issues must be carefully navigated to integrate it into the existing blockchain landscape.

Key Takeaways