The IoTeX community has recently voted overwhelmingly in favor of Account Abstraction, an effective feature that improves ease of use and security standards. Nearly 400 IoTeX users staked nearly 484 million IOTX tokens, equivalent to approximately $13 million, to purse this improvement proposal. It was followed by an announcement of reward of rare Soulbound Tokens (SBTs) to the same set of voters to encourage their participation.

The private keys and wallet addresses management comes out to be a cumbersome process even to the OG builders of web 3 and this feature of Account Abstraction works a lot in reducing that risk of user error or malicious attacks. Additionally, DeFi users will be able to trade cryptos without holding each asset in separate wallet or worrying about the trade execution process. It eliminates the need for consensus-layer change and achieves the ease of use as a comprehensive standard for any development surrounding the platform.

It also givesthe users an option to recover either stolen or lost private keys with the aid of trusted friends and family. Besides, it also includes other benefits such as setting of spending limits, automated payment of bills, and subscriptions which would make the platform even more user friendly.

The features developed before such as IIP-13 with its secure Liquid Staking Derivatives and now this Account Abstraction with its convenience and security are pushing the IoTeX network and its infrastructure on its path to maturity, allowing users to use a user friendly interface that doesn't complicate the digital life in any way. This also contributes to opening of new way to develop and secure the crypto environment in a more transparent and reliable way.



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