A group of Ethereum developers, including Vitalik Buterin, proposed EIP-7702, a new transaction type, to enhance the functionality and security of Ethereum's cryptocurrency. This proposal offers benefits like transaction batching, sponsorship for payments by others, and improved security through temporary smart contract functionality for regular accounts, all without compromising future compatibility with even more advanced account security
Ethereum Unveils a New Transaction Type for Improved Digital Currency Transactions
A group of Ethereum developers, including Vitalik Buterin, proposed EIP-7702, a new transaction type, to enhance the functionality and security of Ethereum's cryptocurrency. This proposal offers benefits like transaction batching, sponsorship for payments by others, and improved security through temporary smart contract functionality for regular accounts, all without compromising future compatibility with even more advanced account security
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