Ethereum co-founder Vitalik Buterin proposed a common idea to improve account abstraction for standard on-chain addresses. This concept, called EIP 7702, introduces a new transaction method that allows externally owned accounts (EOA), i.e. Ethereum (ETH) account, to perform smart contract wallet functions. Once the transactions are completed, EOAs return to the default state. Buterin co-wrote EIP-7702 with Ansgar Dietrich, Matt Garnett, and Sam Wilson to offer better synergy with smart contract capabilities. According to Uniswap Founder Hayden Adams, EIP-7702 also replaces EIP-3074 with quantum resistance. 🚀#Ethereum#VitalikButerin #EIP7702