EIP-7702 enabled Ethereum wallets to temporarily function as smart contracts, paving the way for account abstraction and enhancing wallet usability

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Another core component of the hard fork, EIP-7702, would allow crypto wallets to temporarily function as smart contracts. This change brings the Ethereum network closer to account abstraction, a series of features that pave the way for more user-friendly crypto wallets.

EIP-7702: Account abstraction Authored with input from Ethereum co-founder Vitalik Buterin, EIP-7702 — included in Pectra — enables user wallets to temporarily execute smart contract logic, a step toward full account abstraction. This EIP allows wallets to support features such as letting third parties, like dApps, cover gas fees, enabling “freemium” models where users can interact without ETH.

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EIPs scheduled for inclusion in Pectra