Ethereum, Base give up on common wallet standard after months of talks
Reported by CoinDesk · AI-assisted summary by ChikoCorp AI News Desk
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Summary
Ethereum and Coinbase-backed Base have abandoned their efforts to create a shared standard for next-generation crypto wallets after months of discussions. The two parties concluded that compromising on features would undermine their respective network priorities. Ethereum supports EIP-8141 focusing on privacy and security, while Base backs EIP-8130, which emphasizes flexibility and compliance.
Why it matters
The failure to agree on a common wallet standard may require developers to support two distinct transaction construction and approval methods for cross-network wallets and applications. The source does not elaborate further on the broader market or user impact beyond this development.
Key context
The goal was to make crypto wallets more like modern apps by enabling features such as passkey login, alternative account recovery, transaction fee payments by apps, and bundled blockchain actions. Ethereum’s EIP-8141 (Frame Transactions) focuses on privacy, censorship resistance, security, and future-proofing against quantum threats. Base’s EIP-8130 prioritizes high-volume application optimization and compliance needs. The two competing standards reflect differing blockchain priorities.
Key numbers and entities
Ethereum (with EIP-8141/Frame Transactions), Coinbase-backed Base (with EIP-8130), Ethlabs developer Derek Chiang. Ethereum’s EIP-8141 is targeted for the Hegotá upgrade, planned later this year. Base’s EIP-8130 is available on its Vibenet development network and planned for the Cobalt upgrade scheduled for September. No other quantitative figures are provided.
What remains unclear
Details on how the coexistence of the two standards will affect wallet developers and end users are not fully established. The source does not specify technical or user experience trade-offs in detail nor the long-term interoperability implications for the wider Ethereum ecosystem.