From Vitalik Buterin's initial 2021 proposal on Account Abstraction through the challenges of implementing EIP-3074 and EIP-7702 we discuss how these changes aim to enhance user experience and integrate smart accounts, highlighting key debates and innovations within the Ethereum community.

Ethereum's dependence on fiat-pegged stablecoins risks dollarisation & external control. We examine Flatcoins like RAI, HAI, and TAI that maintain stability using PID controllers. They try to address the Stablecoin Trilemma, by fostering a new decentralised self-sufficient monetary on Ethereum.

Managing wallets is challenging due to complex private key management & security risks, further deterring users from embracing this technology. Account Abstraction via ERC-4337 addresses some of these issues by enabling customisable smart contract wallets, enhancing the UX and security on Ethereum.