Vitalik Buterin, with co-authors, introduced EIP-7702 as an alternative to EIP-3074. The proposal aims to refine Ethereum’s account abstraction and enable normal Ethereum account addresses to temporarily function as smart contract wallets during a transaction and revert to their original state afterward.
Ethereum co-founder Vitalik Buterin, along with co-authors Sam Wilson, Ansgar Dietrichs, and Matt Garnett, have proposed Ethereum Improvement Proposal (EIP) 7702 as an alternative to EIP-3074, aiming to refine account abstraction on the Ethereum network.
Unlike EIP-3074, which was previously considered for inclusion in the upcoming Pectra upgrade, the new proposal does not introduce new opcodes. Instead, EIP-7702 suggests a new transaction type that enables normal Ethereum account addresses to temporarily act as smart contract wallets during a transaction and return to their original state afterward.
Additionally, the new Vitalik's proposal adds quantum resistance and improves compatibility with EIP-4337.
Further down the roadmap, a wallet-centric approach to account abstraction is expected to become the standard practice. The new EIP is designed for high compatibility with EIP-4337, rolled out in March 2023. It leverages existing wallet code and transaction frameworks to minimize disruption and avoid duplication of effort.
“This EIP is designed to be very forward-compatible with endgame account abstraction, without over-enshrining any fine-grained details of ERC-4337,” the proposal stated.
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