Account abstraction refers to the ability of Ethereum to abstract the concept of accounts away from the native Ethereum account model, allowing for more flexible and diverse account types.
ETH account abstraction refers specifically to the proposed upgrade to the Ethereum network that would allow for greater flexibility in the types of accounts that can be used on the network, making it easier for developers to build new applications and services on top of Ethereum.
In simple terms, account abstraction makes it possible to use alternative account types (such as smart contract-based accounts) on Ethereum, which can provide benefits such as increased security, lower transaction fees, and greater flexibility in the types of transactions that can be performed.
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