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Status (SNT) is an open-source messaging platform and mobile browser that allows users to interact with decentralized applications on the Ethereum network.

This article delves into the concept of Account Abstraction (AA) and its importance in the Ethereum protocol. AA is a proposal aimed at allowing specific Contract Accounts (CAs) to programmatically check the validity of new types of AA transactions, decide whether to pay gas fees on their behalf, and effectively initiate their execution without the need for Externally Owned Accounts (EOAs).

The rise of Web3 offers a range of solutions to replace traditional Web2 platforms, addressing market monopolies and enhancing user control and privacy.