Ethereum’s EIP-7702 Brings Native Abstraction to Wallets With Caveats

Description

Ethereum’s EIP-7702 enables EOAs to act like smart contracts, introducing new risks. Wallets must validate chain IDs to prevent replay attacks across EVM chains. Developers and exchanges must address new challenges in delegation and transaction safety. Ethereum’s upcoming Pectra aims to significantly change how users interact with their accounts, primarily through EIP-7702, a proposal for native account abstraction. This key update allows traditional Externally Owned Accounts (EOAs), or user wal...