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Vitalik Buterin Proposes EIP-7702 to Enhance Smart Contract Sustainability

  • The founder of Uniswap raised attention to the Ethereum proposal known as EIP-7702.
  • New features, such as the ability to sponsor transactions by other parties, are enabled.

Vitalik Buterin, co-founder of Ethereum, has put up a new suggestion to make the protocol’s smart contract push more sustainable in the long run. Notably, the new proposal has garnered intriguing remarks.

The founder of Uniswap, Hayden Adams, raised attention to the Ethereum proposal known as EIP-7702. Adams offers some clarification to community members who are confused about the proposal’s implications.

Quantum Resistance

He emphasized that the plan was to supplant EIP-3074, which signifies an improvement for standard “EOA” wallets by adding smart wallet capabilities. The EIP-4337 proposal, which aims to establish standards for smart contract wallets, has also been presented by a number of Ethereum developers.

The founder of Uniswap pointed out that Vitalik Buterin was not at peace with EIP-3074, even though it was planned to be included. Reason being, there are ramifications for the future of compatibility between 3074 and 4337 that come with this. In this era of quantum computers, Vitalik Buterin was worried that 3074 would break earlier than anticipated.

With the introduction of the 7702 proposal, the issues with the two earlier options might be addressed. New features, such as the ability to sponsor transactions by other parties, are enabled in the proposal.

The plan will go through the standard community review procedures, but its advantages will be adequately emphasized throughout. If this proposal is greenlit and released to the public, it will have no effect on the typical user, much as the Ethereum Dencun Upgrade and similar upgrades in the past.

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