**Ethereum's EIP-7702: A Game Changer for Smart Accounts**

Ethereum's latest proposal, EIP-7702, could revolutionize wallet technology by easing the transition to smart accounts, says Safe co-founder Lukas Schor. Speaking at Ethereum Devcon 2024 in Bangkok, Schor highlighted that the proposal aims to simplify upgrading existing wallets, addressing a major hurdle in adopting account abstraction.

EIP-7702 introduces a new transaction type, allowing externally owned accounts to access smart features without altering their structure. This could enhance non-custodial control, convenience, and security, solving the "wallet trilemma."

Schor envisions widespread adoption within five years, with initial opt-in settings in current wallets. Future developments may include unified balances across chains and better interoperability with networks like Bitcoin and Solana.