The Challenges of a Key Pair on L1s

The default account type on L1s like theory, I'm today is an externally owned account or an EOA. And so they literally hard coded in the protocol what would be the rule of an account for this to keep functionalities. So that's all well and great, but that's not the way that things work on chain today or how they've worked historically. If you lose your key pair, you lose your signer, you lose everything. That's really the root of all these issues," he says.