Vitalik Buterin pitches upgrade to Ethereum account abstractionDubbed Ethereum Improvement Proposal (EIP) 7702, the concept would introduce a new transaction method that allows externally owned accounts (EOAs), otherwise known as the defacto Ethereum (ETH) account, to execute smart contract wallet functions.
After transactions are completed, EOAs would revert to the default state. Buterin co-authored EIP-7702 with Ansgar Dietrich, Matt Garnett, and Sam Wilson to offer better synergy with smart contract capabilities enshrined in EIP-4337.
According to Uniswap Founder Hayden Adams, EIP-7702 also brings quantum resistance as a substitute for EIP-3074, which developers mulled shipping with the next blockchain upgrade after Dencun called Petra.
