{"id":20033,"date":"2024-05-09T06:45:18","date_gmt":"2024-05-09T06:45:18","guid":{"rendered":"https:\/\/coinengineer.io\/?p=20033"},"modified":"2024-05-09T06:11:26","modified_gmt":"2024-05-09T06:11:26","slug":"vitalik-buterin-proposes-new-ethereum-account-abstraction-method","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/vitalik-buterin-proposes-new-ethereum-account-abstraction-method\/","title":{"rendered":"Vitalik Buterin Proposes New Ethereum Account Abstraction Method"},"content":{"rendered":"<p>Vitalik Buterin, co-founder of Ethereum, has proposed a new method to improve account abstraction on the Ethereum network.<\/p>\n<p>The EIP-7702 proposal, co-authored by Buterin, Sam Wilson, Ansgar Dietrichs, and Matt Garnett, introduces a new transaction type that would allow ordinary Ethereum transactions to temporarily function as smart contract wallets during a transaction. Wallets would then revert to their original state after the transaction.<\/p>\n<p>Designed as an alternative to the EIP-3074 proposal, EIP-7702 is also more compatible with EIP-4337, a more comprehensive account abstraction design.<\/p>\n<p>Currently under review by the <a href=\"https:\/\/coinengineer.net\/blog\/starknet-foundation-launches-5m-seed-grant-program-for-ethereum-layer-2-development\/\">Ethereum<\/a> community, EIP-7702 is considered significant for the future of account abstraction on the network.<\/p>\n<p>Account abstraction methods allow ordinary wallets on Ethereum to function as smart contract wallets, enabling features such as wallet recovery, paying others&#8217; transaction fees, and executing multiple transactions in a single batch.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vitalik Buterin, co-founder of Ethereum, has proposed a new method to improve account abstraction on the Ethereum network. The EIP-7702 proposal, co-authored by Buterin, Sam Wilson, Ansgar Dietrichs, and Matt Garnett, introduces a new transaction type that would allow ordinary Ethereum transactions to temporarily function as smart contract wallets during a transaction. Wallets would then<\/p>\n","protected":false},"author":1,"featured_media":18510,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[5965,192,58,5966,5967,5943,105,5968,1724],"class_list":["post-20033","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-account-abstraction","tag-blockchain","tag-cryptocurrency","tag-eip-3074","tag-eip-4337","tag-eip-7702","tag-ethereum","tag-smart-contract-wallets","tag-vitalik-buterin"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Vitalik Buterin Proposes New Ethereum Account Abstraction Method - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Vitalik Buterin, co-founder of Ethereum, has proposed a new method to improve account abstraction on the Ethereum network.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/vitalik-buterin-proposes-new-ethereum-account-abstraction-method\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Vitalik Buterin Proposes New Ethereum Account Abstraction Method - 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