VP of Safe Growth: EIP-7702, One of the Most Exciting Advances in Account Abstraction, Provides Convenient Options for Users
Article is form Jinse
September 19, 2024
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On September 19th, Andre Geest, Vice President of Growth at Safe, spoke about the progress of account abstraction at the Abstract Summit. He stated that one of the most exciting advancements is EIP-7702. This proposal introduces a new transaction type that allows externally owned accounts (EOA) to temporarily execute operations as smart contract wallets within a single transaction.
Geest noted that changing user behavior is difficult, so upgrading existing systems is the most convenient option. This means users can continue using their current wallet addresses without needing complex migration processes.
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