Alchemy & Account Abstraction Infrastructure


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May 26 2023 55 mins   10

Today's guest is Noam Hurwitz, an engineer at Alchemy who is playing a key role in building Alchemy's new account abstraction infrastructure.

Alchemy on AA: www.alchemy.com/account-abstraction
Alchemy: https://www.alchemy.com
Alchemy University: https://university.alchemy.com
Follow Noam on Twitter: https://twitter.com/ProbablyNoam

00:00 Intro

3:51 How Noam got into crypto

6:00 Noam’s take on the current Account Abstraction discourse

8:32 AA infrastructure overview

11:32 Walking through Alchemy’s bundler architecture

13:15 MEV and user operations

15:05 The ‘intent based architecture’ and the userOp mempool

18:05 The entry point contract

22:50 Paymaster contracts

25:24 What should application developers know about AA?

29:40 What do smart contract accounts enable?

32:41 Lessons from drafting an EIP and EIP 6900

37:16 Avoiding centralization around AA infrastructure

42:46 New security issues presented by AA

45:01 Noam’s advice on building APIs & developer products

49:15 Noam’s favorite technical implementations in the industry

50:54 Advice for those early in their career

52:48 How Noam hopes the industry evolves over the next decade