OpenZeppelin has received funding from the Ethereum Foundation

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Cointime2024/10/25 05:35

By:Cointime

On October 25th, it was announced that the security blockchain application standard OpenZeppelin has received funding from the Ethereum Foundation. The official statement said that this donation will enable the addition of modular ERC-4337 implementation, advance account abstraction, and help developers build more secure applications and flexible smart wallets. In addition, the team will introduce new signature schemes, such as secp256r1, BLS, and RSA, to provide broader encryption support.

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