Web3 technologies, and smart contracts in particular, have the potential to improve data management by providing a secure and transparent method of storing data on a blockchain.

Account abstraction is a powerful tool that offers a range of benefits to users of the Ethereum network. It makes the network more flexible, improves privacy, reduces transaction fees, and enhances security.

This update is just the beginning of many steps required to ease the onboarding process for those who are just starting out and is just one step closer to helping enable the mass adoption so many are hopeful for.

In this post, we explore how smart contracts work and how they can reduce transaction costs by eliminating intermediaries.

One of the key benefits of smart contracts is their ability to promote transparency and trust in transactions. Here are some of the ways in which smart contracts help to achieve this:

This post is the first of a series on the basics of smart contracts and how they can be useful and leveraged.