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Simplifying UX through ERC-7779#ETHProspects The new token standard also aims to simplify wallet migrations for non-technical users, allowing them to move between wallets without technical barriers or losing access to assets. David Kim, tech lead at Trust Wallet, said ERC-7779 “strikes an effective balance” to create a standard that is “genuinely helpful and easy for wallet developers to adopt.” Konrad Kopp, co-founder at Rhinestone, said that the new token standard “does not simplify the user experience for end-users” but instead gives EOA users the option to securely switch between smart account implementations. Use cases and developer adoption Beyond its primary objective of establishing greater interoperability, ERC-7779 aims to make advanced features like transaction batching, automation and gas abstraction more accessible. Fangting Liu, tech lead at Alchemy, told Cointelegraph that the collaboration on the new token standard is “easily adoptable” across the ecosystem, allowing developers to access and verify information across smart account implementations. “ERC-7779 introduces a solution to mitigate risks associated with improper storage management in smart account implementations,” Liu said. “It empowers developers and users to safely transition between implementations as their needs evolve, ensuring a more secure and flexible environment.“ These developments could function as a turning point for the Ethereum ecosystem, enabling users to access advanced capabilities within a more secure framework and make “smart accounts superpowers go mainstream,” Meissner said.

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#JoblessClaimsUp What ERC-7779 means for Ethereum’s future Ethereum’s new ERC-7779 token standard aims to improve smart account interoperability, simplify wallet migrations and introduces advanced features for a better user experience With Ethereum co-founder Vitalik Buterin claiming sole ownership of the Ethereum Foundation and speculation surrounding the Trump family building “giant businesses” on Ethereum, the network has been a hot topic of discussion in the crypto community recently. In an exclusive interview with Cointelegraph, members of the Ethereum Foundation, Trust Wallet, Safe, Alchemy and Rhinestone discussed the new ERC-7779 token standard and its impact on the Ethereum ecosystem. ERC-7779 aims to build on the advancements of previous Ethereum Improvement Proposals (EIPs) like EIP-7702, which introduced execution abstraction for Ethereum accounts and allowed the creation of externally owned accounts (EOAs). The new standard aims to address challenges associated with Ethereum’s evolving account systems, introducing a unified framework for enhanced interoperability, secure wallet transitions and simplified storage management.. ERC-7779: Purpose and application ERC-7779 builds on advancements introduced in Ethereum Improvement Proposals (EIPs), such as EIP-7702, which enabled externally owned accounts (EOAs) to function more like smart accounts. Richard Meissner, co-founder of Safe, told Cointelegraph that the importance of the new token standard lies in its ability to ensure that smart accounts remain interoperable. “Smart accounts bring a lot of benefits. One of them is the possibility for upgradeable logic. With EIP-7702 in the upcoming Pectra Upgrade this now also is extended to EOAs,” he said. Marissa Posnor, product manager at the Ethereum Foundation, explained the need for ERC-7779, noting its role in creating a standardized interface for managing delegated EOAs and supporting redelegation securely:

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#BinanceAlphaAlert Building a better tomorrow Ecosystem health isn’t just about stopping scams — it’s about building a future for blockchain. Healthy ecosystems don’t just survive — they grow, innovate, thrive and attract trust. They give developers the tools to succeed and users the confidence they’re part of something reliable and secure. We’re almost not collaborating at all. Protocol teams, developers and security platforms must come together to set standards everyone can follow before rules are drafted for and without us. Transparency also needs to be a top priority. Open source needs to be the norm, not the exception. While we can’t expect all projects to publish their intellectual property, proof technologies have come a long way and should be explored and utilized for safety and security. Security must be baked into the development process, not added as an afterthought. Communities must hold projects accountable so bad actors can’t operate without checks and balances. Trust is necessary for even the best tech to succeed. We can have safer, more resilient, innovative and sustainable networks by focusing on ecosystem health. It’s time to move beyond scams and look at the bigger picture for blockchain. Of course, this differs from the hundreds of millions of lines of open-source code available in Web2 projects. In Web3, while we celebrate transparency, less than 1% of smart contracts deployed have source code available to review. A strong and active community can make a big difference. Users who are engaged, participate in governance, demand transparency, and hold developers accountable create an environment where scams can’t take hold. While we see this in spades for legitimate projects, the reality is that it’s far too easy and cheap to pull together a bot network to fool people into thinking they are engaging with a real community.

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Why ecosystem health matters#CryptoSurge2025 Blockchain networks are more than the sum of their projects. They’re living ecosystems of developers, tools, users and the rules they all follow. A healthy ecosystem attracts good projects and talented builders that strengthen the network. Developers work together; tools get better; and everyone benefits. On the other hand, an unhealthy ecosystem is a magnet for scammers. If a network has weak rules, poor developer tools or a reputation for hosting shady projects, it won’t attract the kind of builders who want to build lasting, legitimate work. $BTC Instead, it becomes a breeding ground for fraud, which drives out good projects and weakens the ecosystem. This vicious cycle hurts users and damages trust in blockchain as a whole. Worse, these networks have been the proving grounds for exploits and scams before being distributed to other networks. Take Ethereum, for example. Over the years, it has built a strong ecosystem with open-source tools, transparency and high developer participation. We have an environment where innovation can flourish and scams, while present, struggle to prevail. Compared to networks with low-quality projects and malicious actors, the difference is clear: Ecosystem health matters. $ETH To improve blockchain networks, we need to measure their overall health, not just the number of scams they host or the total value locked and liquidity they attract. We need a framework to measure quality and reliability like those developed in the manufacturing or cybersecurity industries. In blockchain, we must look at transparency, developer reputation, security practices, and community engagement. If most smart contracts on a network do not have publicly reviewable source code, how can we trust that contracts are secure and safe? Open-source code allows the community to verify what’s happening and catch potential risks before they become problems.

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#BinanceAlphaAlert Ecosystem health is the missing link to blockchain’s long-term success Ecosystem health is the key to blockchain’s long-term success. Cultivating transparency, strong developer tools and engaged communities, blockchain networks can grow securely and sustainably. Opinion by: Anoop Nannra, co-founder and CEO of Trugard Labs. The blockchain world has always been about fighting scams. For decades, traditional financial systems created huge wealth gaps, eroded trust, and — as we saw in the 2008 financial crisis — gave us shady, complicated investments with zero accountability. Blockchain and Web3 were supposed to fix all that, but here we are, and scams like rug pulls and shady smart contracts are still what everyone talks about regarding trust and safety. But here’s the thing: We’re looking in the wrong place. Most efforts today are about catching scammers, tracking transactions for Anti-Money Laundering and flagging risky smart contracts. These tools help people avoid losing money, but they’re not solving the real problem. They’re just putting out fires. Scams keep popping up because the more significant issue — the ecosystem’s health — is being ignored. Bad actors will always find a way if the foundation isn’t strong. Instead of focusing only on spotting scams, we need to zoom out and ask: Is the ecosystem healthy? Are we attracting the right builders, tools and communities? Because if the system itself isn’t solid, we’re just patching leaks, while the whole plumbing is falling apart.

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