$ETH Ethereum’s next big leap? Buterin proposes transformative EIP-7702
Ethereum EIP-7702 Proposal Overview
1. Background and purpose of EIP-7702 proposal
Ethereum co-founder Vitalik Buterin and others have proposed a new Ethereum Improvement Proposal (EIP) numbered 7702, which aims to significantly enhance the functionality of smart contract functions by temporarily integrating them into externally owned accounts (EOA). EIP-7702 looks to redefine user interaction on the Ethereum network through this transformative concept.
2. Innovation and working principle of EIP-7702
EIP-7702 allows EOA to temporarily use specific smart contract code to execute transactions during the transaction, thus combining the security and simplicity of EOA with the versatility of smart contracts. This process requires no new opcodes or hard forks and is implemented using existing verification and calling mechanisms.
3. Impact and prospects of EIP-7702
Jarrod Watts, developer relations engineer at Polygon, emphasized that EIP-7702 is one of the most impactful changes ever made to Ethereum, integrating the flexibility of smart contracts with the underlying security model of EOA. The proposal is expected to fundamentally change the way users interact with dApps and manage digital assets on the Ethereum network, providing a more seamless and secure user experience. However, the success of EIP-7702 depends on community consensus and careful consideration of security.
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