Ethereum co-founder Vitalik Buterin, along with collaborators, introduces Ethereum Improvement Proposal (EIP) 7702, aiming to refine account abstraction within the Ethereum network. The Evolution of Account Abstraction A Novel Approach EIP-7702 presents a unique transaction type that allows externally owned accounts (EOAs) to temporarily operate as smart contract wallets during transactions, ensuring compatibility with ERC-4337. …
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