Safe Growth SVP: Account Abstraction, EIP-7702, Offers Users Easy Choice

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September 19, 2024
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Safe's Vice President of Growth, Andre Geest, spoke at the Abstract Summit today about the progress of account abstraction. He said that one of the most exciting developments is EIP-7702. This proposal introduces a new transaction type that allows externally owned accounts (EOAs) to temporarily execute operations as smart contract wallets in a single transaction. Geest pointed out 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 complex migration processes.

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