TechLead
Lesson 20 of 20
5 min read
Web3 & Blockchain

The Future of Web3

Explore emerging trends in Web3 including account abstraction, EIP-4844, restaking, decentralized identity, and the multi-chain future

Where Web3 is Heading

Web3 is evolving rapidly. The early days of simple token transfers and basic DeFi have given way to sophisticated infrastructure, improved user experience, and new paradigms for digital ownership, identity, and coordination. Understanding emerging trends helps you build applications that are future-proof and aligned with where the ecosystem is moving.

Key Emerging Trends

  • Account Abstraction (ERC-4337): Smart contract wallets that enable gasless transactions, social recovery, and programmable authorization
  • EIP-4844 (Proto-Danksharding): Blob transactions that dramatically reduce L2 data costs, making rollups 10-100x cheaper
  • Restaking (EigenLayer): Reusing staked ETH security for other protocols and services
  • Decentralized Identity: Self-sovereign identity with verifiable credentials and soulbound tokens
  • Chain Abstraction: Making the multi-chain experience seamless so users do not need to think about which chain they are on

Account Abstraction (ERC-4337)

Traditional Ethereum accounts (EOAs) require users to manage private keys and hold ETH for gas — major UX barriers. Account Abstraction replaces EOAs with smart contract wallets that can have any verification logic. This enables social recovery (recover your wallet via trusted contacts), gas sponsorship (dApps can pay gas for users), batched transactions, session keys, and spending limits.

// Account Abstraction with Permissionless.js and Pimlico
// Install: npm install permissionless viem

import { createSmartAccountClient } from 'permissionless';
import { toSimpleSmartAccount } from 'permissionless/accounts';
import { createPublicClient, http } from 'viem';
import { sepolia } from 'viem/chains';
import { createPimlicoClient } from 'permissionless/clients/pimlico';

// Create a smart account
const publicClient = createPublicClient({
  chain: sepolia,
  transport: http('https://eth-sepolia.g.alchemy.com/v2/KEY'),
});

const pimlicoClient = createPimlicoClient({
  transport: http('https://api.pimlico.io/v2/sepolia/rpc?apikey=YOUR_KEY'),
  entryPoint: { address: '0x0000000071727De22E5E9d8BAf0edAc6f37da032', version: '0.7' },
});

const smartAccount = await toSimpleSmartAccount({
  client: publicClient,
  owner: localWalletOrPasskey, // Can be a passkey, social login, etc.
  entryPoint: { address: '0x0000000071727De22E5E9d8BAf0edAc6f37da032', version: '0.7' },
});

const smartAccountClient = createSmartAccountClient({
  account: smartAccount,
  chain: sepolia,
  bundlerTransport: http('https://api.pimlico.io/v2/sepolia/rpc?apikey=YOUR_KEY'),
  paymaster: pimlicoClient, // Pimlico sponsors gas!
  userOperation: {
    estimateFeesPerGas: async () => (await pimlicoClient.getUserOperationGasPrice()).fast,
  },
});

// Send a gasless transaction — the paymaster pays!
const hash = await smartAccountClient.sendTransaction({
  to: '0xRecipient...',
  value: 0n,
  data: '0x...',
});
console.log('UserOperation hash:', hash);

EIP-4844 and Data Availability

EIP-4844 (Proto-Danksharding), activated in March 2024, introduced a new transaction type called "blob transactions." Blobs are large data packets (~128KB each) that are available for a limited time (~18 days) at significantly lower cost than regular calldata. This is transformative for L2 rollups, which previously paid high costs to post transaction data to L1. With blobs, L2 transaction fees dropped by 10-100x.

Decentralized Identity and Attestations

// SPDX-License-Identifier: MIT
pragma solidity ^0.8.20;

import "@openzeppelin/contracts/token/ERC721/ERC721.sol";

/// @title SoulboundToken — Non-transferable identity token
contract SoulboundToken is ERC721 {
    uint256 private _nextTokenId;
    address public issuer;

    mapping(uint256 => string) public credentials; // tokenId => credential type
    mapping(address => bool) public hasToken;

    error TokenIsSoulbound();
    error AlreadyIssued();

    constructor() ERC721("Identity SBT", "ISBT") {
        issuer = msg.sender;
    }

    function issue(address to, string calldata credential) external {
        require(msg.sender == issuer, "Only issuer");
        if (hasToken[to]) revert AlreadyIssued();

        uint256 tokenId = _nextTokenId++;
        _mint(to, tokenId);
        credentials[tokenId] = credential;
        hasToken[to] = true;
    }

    // Override transfers to make token soulbound (non-transferable)
    function _update(address to, uint256 tokenId, address auth)
        internal override returns (address)
    {
        address from = _ownerOf(tokenId);
        // Allow minting (from == address(0)) and burning (to == address(0))
        // but block transfers between users
        if (from != address(0) && to != address(0)) {
            revert TokenIsSoulbound();
        }
        return super._update(to, tokenId, auth);
    }
}

The Multi-Chain and Cross-Chain Future

The future of blockchain is not a single chain but an ecosystem of interconnected chains. Ethereum serves as the settlement layer, L2 rollups handle execution, and application-specific chains (appchains) provide customized environments. Chain abstraction is the emerging paradigm where users interact with applications without needing to know or care which chain they are on — the infrastructure handles chain selection, bridging, and gas payment transparently.

Web3 Technology Roadmap

Technology Status Impact
ERC-4337 (Account Abstraction)LiveUX revolution — gasless, social recovery
EIP-4844 (Blobs)Live10-100x cheaper L2 transactions
Full DankshardingIn DevelopmentEven more data capacity for rollups
Verkle TreesIn DevelopmentStateless clients, smaller proofs
Chain AbstractionEmergingSeamless multi-chain UX

Building for the Future

Recommendations for Developers

  • Learn account abstraction: Smart wallets will become the default. Build dApps that support ERC-4337 from the start.
  • Design for multi-chain: Deploy to multiple L2s and abstract chain selection from users.
  • Focus on UX: The winning dApps will be the ones that feel as smooth as Web2 apps while preserving Web3 benefits.
  • Study security constantly: New attack vectors emerge regularly. Follow audit reports, bug bounties, and security newsletters.
  • Contribute to open source: The Web3 ecosystem is built on open-source collaboration. Contributing builds your reputation and skills.
  • Stay curious: The space moves fast. Follow EIP discussions, protocol upgrades, and new tooling to stay ahead.

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