• Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021
No Result
View All Result
CryptoABC.net
No Result
View All Result

Arbitrum Activates Account Abstraction Endpoint Support on One and Nova

August 2, 2023
in Blockchain
Reading Time: 3min read
0 0
A A
0
Ethereum Layer 2 Continues to Gain Steam as ETH Realized Capitalization Soars
0
SHARES
7
VIEWS
ShareShareShareShareShare

Arbitrum has officially activated support for the account abstraction endpoint on its One and Nova mainnets, following the successful passage of AIP-2.

Details of the Proposal

The proposal, known as AIP-2, aimed to activate support for a new RPC endpoint, eth_sendRawTransactionConditional, on Arbitrum’s One and Nova mainnets. This endpoint was developed to address a specific issue related to the validation and execution of bundled transactions for submission to an alternative mempool.

Ethereum Improvement Proposal (EIP) 4337 has spurred significant momentum for account abstraction across the EVM ecosystem. But this proposal introduced a potential issue for bundlers working on Layer 2 (L2) transactions, where a delay between simulated transaction validation and final inclusion by sequencers could lead to reverting bundle submissions. This reversion results in lost value for the bundler, discouraging the operation of these services.

To address this issue, Ethereum researchers developed the eth_sendRawTransactionConditional endpoint. This endpoint allows users to specify valid ranges for block height and timestamps, enabling sequencers to reject transactions that don’t meet conditions for inclusion during the earlier validation stage.

 

Offchain Labs has already developed, tested, and implemented this endpoint in the v.2.0.14 update to Nitro, and it is now live on the Arbitrum testnet. The proposal requests that the Arbitrum DAO activate this endpoint for Arbitrum mainnets.

The full proposal can be found here.

Background and Rationale

The activation of this endpoint is part of a broader development of account abstraction standards within the Ethereum ecosystem. It was motivated by the need to address the risk of reverting bundle submissions due to a lag between the initial submission of a transaction and its ultimate inclusion.

The eth_sendRawTransactionConditional endpoint allows users to specify valid ranges for block height and timestamps, enabling sequencers to reject transactions that don’t meet conditions for inclusion during the validation stage.

Implementation and Impact

The passage of AIP-2 means that the steps to implement the proposal will now be carried out. This includes changing the load balancer config value as described in the specifications of the proposal.

The activation of this endpoint is expected to enhance the efficiency and security of L2 transactions on Arbitrum, aligning with the broader Ethereum ecosystem and allowing access to the potential improvements in user experience.

Image source: Shutterstock


Credit: Source link

ShareTweetSendPinShare
Previous Post

Dogecoin (DOGE) Could Correct Nearly 30% in Worst-Case Scenario, Says Crypto Strategist – Here’s His Outlook

Next Post

Sell The News? Litecoin Traders Capitulate Ahead Of Today’s Halving

Next Post
Sell The News? Litecoin Traders Capitulate Ahead Of Today’s Halving

Sell The News? Litecoin Traders Capitulate Ahead Of Today's Halving

You might also like

Bitcoin Addresses Holding Between 100 and 10,000 BTC Hit a 7-Week High

Kbank Tests Ripple Wallet for South Korea Remittances

April 27, 2026
AAVE Price Prediction: Testing $240 Breakout with $280 Medium-Term Target Despite Bearish Momentum

AAVE Price Prediction: $114 Breakout Imminent as Whales Load Heavy Bags

April 26, 2026
Here’s How The Ethereum Vs. Solana Rivalry Is Going

Here’s How The Ethereum Vs. Solana Rivalry Is Going

April 29, 2026
Will It Break Out Of The Channel?

Will It Break Out Of The Channel?

May 1, 2026
VeChain Foundation Releases Q1 2024 Treasury Report

Strategy Buys 3,273 Bitcoin as BTC Hits $77,000

April 27, 2026
Hong Kong Regulator Tightens Watch on Crypto Treasuries, Plans Public Awareness Push

Ripple Penetrates Middle East After Vegas: Garlinghouse Masterclass?

April 30, 2026
CryptoABC.net

This is an Australian online news/education portal that aims to provide the latest crypto news, real-time updates, education and reviews within Australia and around the world. Feel free to get in touch with us!

What's New Here!

Symmetrical Triangle Signals Explosive Move Ahead

Symmetrical Triangle Signals Explosive Move Ahead

May 3, 2026
Analyst Predicts Exactly When To Sell Bitcoin For The Most Return

Analyst Predicts Exactly When To Sell Bitcoin For The Most Return

May 2, 2026

Subscribe Now

  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 cryptoabc.net - All rights reserved!

No Result
View All Result
  • Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021

© 2021 cryptoabc.net - All rights reserved!

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter CoinGecko Free Api Key to get this plugin works.