Golden Finance reported that after the release of Ethereum EIP-3074, some people in the community praised the proposal, while others expressed dissatisfaction. The main concern was that it was incompatible with an earlier proposal (called ERC-4437), which has been on the mainnet since February 2023. A few days after the release of EIP-3074, Vitalik co-wrote a new EIP-7702, which could serve as an alternative included in the upcoming Pectra upgrade. Ethereum core developer Ansgar Dietrichs said that the new proposal EIP-7702 took only 22 minutes, and Vitalik accelerated the process of writing the EIP. Christine Kim, vice president of research at Galaxy, said that all stakeholder groups are positive about Vitalik's alternative.