Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
Home»BLOCKCHAIN NEWS»Vitalik Buterin proposes an upgrade to Ethereum account abstraction.
BLOCKCHAIN NEWS

Vitalik Buterin proposes an upgrade to Ethereum account abstraction.

By Crypto FlexsMay 8, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Vitalik Buterin proposes an upgrade to Ethereum account abstraction.
Share
Facebook Twitter LinkedIn Pinterest Email

Ethereum co-founder Vitalik Buterin proposed a joint idea to improve account abstraction to standard on-chain addresses.

This concept, called Ethereum Improvement Proposal (EIP) 7702, introduces a new transaction method that allows Externally Owned Accounts (EOAs), also known as Ethereum (ETH) accounts, to run smart contract wallet functions.

After the transaction is completed, the EOA reverts to its default state. Buterin co-authored EIP-7702 with Ansgar Dietrich, Matt Garnett, and Sam Wilson to provide better synergy with the smart contract functionality contained in EIP-4337.

According to Uniswap founder Hayden Adams, EIP-7702 also offers quantum resistance. delegate For EIP-3074, the developers were concerned about shipping as the next blockchain upgrade after Dencun called Petra.

Vitalik just proposed EIP-7702.

This is one of the most impactful changes Ethereum will bring.

Here’s everything you need to know about how it works and how we got there.

— Jared Watts (@jarrodWattsDev) May 8, 2024

Ethereum Account Abstraction by Vitalik Buterin

Buterin and other developers proposed account abstraction in 2020 and 2021 as a framework to enable advanced features such as wallet recovery and multi-factor authentication for regular ETH addresses.

Account abstraction was deployed on the ETH mainnet in March last year, providing greater flexibility for users looking to exchange tokens and take advantage of better on-chain operability.

Buterin has frequently stated that account abstraction will play an important role in the future of blockchain transactions, complementing typical “cypherpunk” approaches and enhancing solutions such as zero-knowledge proofs.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

2025-26 discussions about which coins will be ranked first in Memecoin Cycle

August 21, 2025

GEMINI has been disclosed by IPO, Tilecer Gemi’s NASDAQ listing plan

August 16, 2025

Flareonix airdrop is live! Under the share of 100m FXP today!

August 11, 2025
Add A Comment

Comments are closed.

Recent Posts

Ethereum Breaks $4,750 Support As Pepeto Crosses $6,287,248 In Presale Funding

August 23, 2025

Builders, Investors, And Developers Meet Again To Shape The Web Space

August 23, 2025

Bitcoin News Today: Ether (ETH) is 5K $ 5K and BTC Eyes is recorded as Powell Sparks Rally. DAT transaction risk: Be careful with asset managers

August 23, 2025

Bitcoin analysts bet on $ 200K after hints of Fed.

August 23, 2025

Ether ETF is a comeback of $ 280 million, with bitcoin leaked stripes hit on the 5th.

August 22, 2025

Will Cardano (ADA) step back and push the bear back low?

August 22, 2025

Partner relationship with SBI HOLDINGS to distribute RLUSD Stablecoin

August 22, 2025

MetaWin Announces “MetaWin Create” – Free AI Tools For All MetaWinners NFT Holders

August 22, 2025

A new era of encryption? A Doj official says that a developer with a good intention is not a goal.

August 22, 2025

ESCAPE Presale Live On Ethereum With $280K Raised, Hacken Audited And SolidProof KYC Verified

August 21, 2025

WhalePlay Beta Launch: Next-Level Social IGaming Platform

August 21, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Ethereum Breaks $4,750 Support As Pepeto Crosses $6,287,248 In Presale Funding

August 23, 2025

Builders, Investors, And Developers Meet Again To Shape The Web Space

August 23, 2025

Bitcoin News Today: Ether (ETH) is 5K $ 5K and BTC Eyes is recorded as Powell Sparks Rally. DAT transaction risk: Be careful with asset managers

August 23, 2025
Most Popular

The FDUSD stablecoin trading pair recorded its highest share of Binance spot trading volume ever.

February 15, 2024

Solana is optimistic as rivals Celestia and Shiba Inu attract elite investors.

February 11, 2024

Announcement of 2024 Academic Grant Round Recipients

January 18, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.