Why is Vitalik in a hurry to propose a new account abstraction solution EIP-7702?
This is a solution between ERC-4337 and EIP-3074.
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Vitalik proposed an alternative to EIP-3074, EIP-7702
08/05 09:21
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More news about eip-7702
- JinseFinance
Vitalik's latest proposal EIP-7702 detailed explanation: can replace EIP-3074
Add a new transaction type that adds a contract_code field and a signature and converts the signing account to a smart contract wallet during that transaction, with the goal of providing similar functionality to EIP-3074.
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EIP-3074 aims to enhance Ethereum wallet usability by making EOAs more programmable, allowing for batch transactions and third-party fee sponsorship. While supported by some, security concerns persist, emphasizing the need for clear pathways to address vulnerabilities.
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Ethereum core developers have agreed to include EIP-3074 in the upcoming hard fork upgrade Prague/Electra (expected in Q4 2024/early 2025).
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EIP-3074 was approved to go live in the next Ethereum hard fork (Prague). This EIP will forever change the way users interact on the EVM chain, making the wallet user experience simpler, cheaper, and more powerful.
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One sentence description: EIP-3074 gives EOA wallet smart contract functions, changing the way users interact on the EVM chain
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