Privy Labs Protocol Whitepaper v 1.0
  • Privy Labs Protocol
    • Introduction
      • The paradox of social media
      • The persistence of piracy
      • The bottom line
    • Solution Overview
    • Team
  • Our Philosophy & Values
    • 3 Core Tenets
    • Our Why
    • Why Web3
  • Our Approach
    • Problem-solving at the source
      • Core Primitives
      • Copyright - Originality, Creativity, & Fixation
      • The DMCA
      • Removal
  • The Core Technology
    • Systems Overview
      • Virtual Account System
        • Account Abstraction
        • Privacy
        • Gas
      • Content Certificate & Tracking System
        • Proof of Ownership
        • Watermarking
        • Encryption & Cryptography
        • Storage
        • Publicity & Privacy
      • Content Verification Network
        • Permissioned Approval
        • Takedown
  • Use Cases
    • Use Cases
      • Sensitive content: Adult creators, models, & sex workers
      • Content Creators
      • Digital artists & photographers
      • Journalists
      • Families
      • Celebrities
      • Social media platforms & creative marketplaces
      • Trust & Safety Organizations
  • PrivyCam
  • Governance & Community
    • Privy DAO
  • Tokenomics & Incentives
    • Incentive Model
  • Risks & Mitigants
    • Risks & Mitigants
  • Our Roadmap
    • Our Roadmap
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  1. The Core Technology
  2. Systems Overview
  3. Virtual Account System

Gas

PreviousPrivacyNextContent Certificate & Tracking System

Last updated 2 years ago

As state-changing blockchain operations inherently require gas (a mechanism to ensure someone gets rewarded for processing a decentralized function), a fee paid in cryptocurrency, this fundamentally locks out a majority of users who are accustomed to immediately using a centralized application without cost. We utilize delegate operators (in a manner similar to ’s network); users feelessly sign a meta-transaction and relay that to an operator address that can execute the relayed transaction, paying the gas for the user.

With the codification and ongoing incremental security audit of (to be included in the Ethereum core consensus mechanism with issues resolved), we anticipate the inclusion of these patterns to further abstract account creation friction away from the user and general populace.

OpenGSN
EIP-4337