EIP-7702, part of Ethereum's Pectra upgrade, went live on the mainnet around May 6. It introduces a mechanism that allows standard Ethereum addresses controlled by private keys to temporarily delegate functionality to smart contract accounts.
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Smart wallet adoption surges with over 11,000 EIP-7702 authorizations on Ethereum within a week of Pectra upgrade
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EIP-7702, introduced through the Pectra upgrade, allows Ethereum externally owned accounts (EOAs) to temporarily delegate control to smart contracts, enabling advanced wallet features without requiring wallet migration.
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