$PIVX
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Day 19 of the programmable Money on @arc bootcamp organised by Arc House and the @encodeclub . In today's called How Circle Paymaster Works, Blessings the lecturer explains all steps and processes on how paymasters works for users. [Spoken audio]: It's such a powerful, on-chain primitive for developers. Let's take a look. Welcome back to Stablecoin 101, a series by Secco where we break down the foundations of Stablecoins and out there powering the new internet financial system. If you are just joining, my name is Blessing and I work on Secco's developer relations team. Secco Paymaster is built on Ethereum's latest account abstraction standard, ARC 4337. And this introduces the concept of Paymasters. But before we dive in, let's set the stage with a bit of context on how ERC 4337 works. In traditional wallets, users send raw transactions directly to the blockchain. But in the world of account abstraction, users instantly send something called a user operation which is a flexible modular payload that describes what they want to do. For example,
