Steemit Crypto Academy Contest / S13W3 [SUMMARY]: Account Abstraction
Introduction
Hello Steemians,
I trust you are in good health and have enjoyed all the activities of this week. Our primary objective today is to present the report of our competition, which took place from October 30 to November 5, 2023, during the third week of the Steemit Engagement Challenge in the thirteenth season. The competition proceeded smoothly, thanks to the exceptional professionalism displayed by our academy members, ensuring a successful and trouble-free event.
In this report, we will provide you with a concise overview of all the data and feedback collected during this period regarding your participation in the competition organized by the Steemit Crypto Academy community. The competition's goal was to evaluate your knowledge in the realm of crypto and blockchain.
The central theme of the competition during the third week was Account Abstraction.
Account abstraction is a fundamental concept within blockchain and cryptocurrency technology. To put it simply, it involves the separation of account control from its underlying implementation.
In typical blockchain systems like Ethereum, accounts are typically linked to private keys and controlled by users. Account abstraction offers more flexibility by enabling contracts or smart contracts to manage accounts without requiring access to a user's private key. This separation of control from implementation opens up new possibilities for complex and automated interactions on the blockchain, making it a pivotal feature for creating decentralized applications (DApps) and enabling advanced use cases within blockchain systems.
In this competition, our valued participants were assigned the following tasks:
Can you explain in detail Account Abstraction and its operational principles?
Regarding the accessibility and usability of blockchain, what are the implications of adopting Account Abstraction?
What methods are used to integrate Account Abstraction into an existing blockchain system?
Could the integration of Account Abstraction present advantages for the Steem blockchain? If so, could you elaborate on the potential benefits?
Are there any drawbacks associated with using Account Abstraction, and if so, could you provide a concrete example?
We were delighted with the quality of the content submitted in the entries. Some of the participants were newcomers to our crypto competitions, and this initial challenge provided them with a valuable introduction to our platform. We eagerly anticipate discovering more talent in the upcoming seasons. Without further ado, let's delve into the statistics and expressions of gratitude.
Participation statistics
We received a grand total of 14 submissions for the contest, and thankfully, there were just one instances of entries deemed invalid.
| Total number of entries | Invalid entry | Plagiarized content |
|---|---|---|
| 14 | 2 | 0 |
In the assessment conducted for this week, it was noted that 4 submissions earned an Excellent evaluation, accounting for 29% of the total entries. The largest portion of the entries, comprising 50%, received a Good rating, marking the highest score attained. Furthermore, 7% of the submissions were classified as Acceptable. There were two particular posts that was flagged as either Invalid or containing plagiarism, representing 14% within these categories.
Top 3 users of the week
In our selection process, we initially assessed the quality of participants' performance, giving priority to their interactions with fellow contestants.
When choosing the top 3 participants, we considered both their performance scores and their interactions. Additionally, we made a distinct selection based on an article that provided exceptional content relevant to the topic of discussion. Below, you will find the top 3 users we have acknowledged for this week.
| Ranking | Username | Article |
|---|---|---|
| 1 | @khursheedanwar | Link |
| 2 | @starrchris | Link | 3 | @hamzayousafzai | Link |
We highly appreciate your continuous participation, and congratulations to all those who earned a top spot this week. We encourage each of you to maintain the outstanding standards of quality and engagement with your fellow participants in our competitions. Please continue to join us in our future contests.
Upvoted. Thank You for sending some of your rewards to @null. It will make Steem stronger.
thank you so much for selecting my post really i was waiting for this moment .. i am happy .. once again thank you so much
I am really grateful 🙏🥲 thanks , I appreciate