What is EIP-7702? The Ethereum Upgrade Behind the $6.4B Binance Hack
Summary
A new Ethereum improvement proposal allows standard user wallets to execute smart contract code. This upgrade introduces features such as batched operations and transaction sponsorships, significantly changing how regular accounts interact with the network.
EIP-7702 lets ordinary Ethereum wallets run smart contract code, enabling batched and sponsored transactions. Here's how it works.
Source: Read the full story at Decrypt
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