Ethereum's Pectra upgrade to bring smart contract functionality to wallets as experts debate EIP-3074
After a wait of nearly four years since its initial proposal, Ethereum developers have set their sights on including EIP-3074 in Ethereum's next upgrade, nicknamed Pectra, which is expected later this year. This enables functionality like approving a large batch of transactions all at once, paying gas in different ERC20 tokens, enhanced security or account recovery, and more. However, the upgrade is still a step away from full account abstraction, as the delegated wallet cannot initiate transactions.
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