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Vitalik looks for backing of short term wallets on Ethereum

  • The Co-Founder of Ethereum, Vitalik Buterin, has proposed EIP-7702 to adjust with the builder's methods of account takeaway in forthcoming hard forks.
  • EIP-7702 aims to offer physical enhancements for end users by allowing EOAs to function as short-term smart contract wallets.
  • Unlike the previous EIP-3074, the latest proposal intends to copy its functions, enabling EOAs to carry out complex functions such as batch transactions and transaction sponsorship.
  • EIP-7702 has gained the support of EIP-3074 enforcers and dApp builders like Uniswap's Hayden Adams. The upcoming scaling of Pectra is scheduled for Q4 2024.

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