In recent times, the keyword “ERC-4337” seems to be mentioned a lot by online communities like Twitter, Telegram and articles becomes the main focus of the crypto market for 2023. And especially ERC-4337 is also the new token standard for Account Abstraction.

So what does ERC-4337 have to do with CyberConnect V3?

As we know before, the use of wallets when interacting with DeFi Dapps such as swap tokens, add pools has caused some limitations and complications for users. They have to interact with 2 different types of addresses, their wallet addresses or EOA and addresses programmed through smart contracts. For each such interaction, the user must sign the EOA and pay the gas fee in tokens on the blockchain with which they interact. Just like CyberConnect V2 maintaining the integrity of the functions of "user identity" on many single chains will cause many obstacles and reduce the experience for users.

The launch of ERC-4337 will integrate the features of EOA wallet addresses and smart contracts, then create a unique wallet address and can perform many tasks applied on many networks such as Ethereum, BNB Chain, Polygon ...

• Swap, create smart contracts…

• Allows using private key to interact with Dapps without having to sign the wallet many times

• Use fingerprint or face to sign transactions

And the upcoming CyberConnect V3 with a major expansion upgrade for social networks especially web3 social networks with multi-chain compatibility with ERC-4337 upgrading decentralized digital identity and eliminating cross-chain conversion brings identity homogeneity across chains and creates a web3-like user experience from complex to simplified.

One more point that ERC-4337 brings a lot of convenience to CyberConnect Protocol V3 is paying gas costs for users, ERC-4337 allows users to pay gas fees with any token. CyberConnect has partnered with StackUp to implement the complex payment management of web3 wallets.

Normally, users have to pay gas fees for each interaction with their profile or content posts, W3ST by paying the native token of that blockchain that they interact with such as Ethereum is ETH, Polygon is MATIC... This affects time and complexity if their users do not have the native token of the blockchain but have to convert from another chain to the chain that needs the transaction to pay the gas fee.

For the above reason, CyberConnect released V3 to improve complexity, closeness and increase transaction speed by allowing users to use the $CYBER token itself to make gas fees across the entire CyberConnect ecosystem and can trade based on the features that ERC-4337 offers, such as authentication by 2FA, face scan or fingerprint scanning to increase security for users.

Simply put, CyberConnect compatible with ERC-4337 will provide users with the functionality of a truly decentralized web3 social network without having to worry about privacy rights or freedom of speech.

Summary

Believe that in the next few weeks when CyberConnect launches V3, it will bring a breath of fresh air to the largest and most powerful Web3 Social on multiple L1 and L2 blockchains, helping with identity security, gas fee flexibility, user-friendliness and being ready to receive millions of new potential users through the campaign on Link3 called CyberTrek 🛸.