Thread by @panditdhamdhere

The Ethereum upcoming upgrade Pectra, scheduled for Q1 2025, will introduce several Ethereum Improvement Proposals, including the much-anticipated EIP-7702.

Let's dive deep into EIP 7702 & explore it's role.

Let's get started 🧵⬇️

Well, with the Pectra update, developers aim to significantly enhance the UX for interacting with dApps on Ethereum.

Before this, it's important to understand the necessity of EIP-7702.

Read below 👇🏽

We all knows, Ethereum is rapidly advancing toward Account Abstraction to accelerate the Web3 mass adoption. At the heart of AA is the concept of the smart contract account, a type of account controlled by code and deployed directly to the network.

Traditionally users interact with Ethereum through EOAs, which lack the advanced functionality and security features that smart accounts provide. While some solutions allow EOAs to interact with smart accounts, they might add complexity to the user experience.

EIP-7702 aims to bridge the gap between traditional EOAs and smart wallets, delivering the benefits of Account Abstraction without forcing users to permanently adopt smart contract accounts.

By adding a contract_code field along with other transaction details, EIP-7702 enables EOAs to temporarily function as smart contract accounts. This approach allows users to enjoy the flexibility of smart contracts, improving their overall Web3 experience without the hassle.

EIP-7702 introduces exciting smart account functionality to EOAs, giving users access to a range of features that enhance usability, security, and flexibility.

Let's see benifits of EIP 7702.

✅ Transaction Batching
Users can bundle multiple transactions into one, saving time and gas costs.

✅ Gas Sponsorship
One account can cover the transaction fees for another, enabling third-party gas payments and reducing costs for the end user.

✅ Session Keys
Users can create session keys with limited permissions, allowing for specific actions without granting full access to the account.

✅ Passkeys
Simple, secure passkey authentication makes signing transactions faster and safer.

✅ Revocability
Users maintain full control over their EOAs, with the ability to revoke or modify delegated permissions at any time.

✅ Enhanced Cross-Chain UX
EOAs equipped with smart account features can perform cross-chain transactions without needing to manually switch RPCs.