Ethereum’s Pectra upgrade to bring smart contract functionality to wallets as experts debate EIP-3074 | Headlines | News | CoinMarketCap
04/14/2024 03:17After a wait of nearly four years since its initial proposal, Ethereum developers have set their sights on including EIP-3074 in Ethereum's next …
After a wait of nearly four years since its initial proposal, Ethereum developers have set their sights on including EIP-3074 in Ethereum's next upgrade, nicknamed Pectra, which is expected later this year.
EIP-3074 brings a host of user experience improvements to typical wallets by allowing certain functions to be delegated to smart contracts. This enables functionality like approving a large batch of transactions all at once, paying gas in different ERC20 tokens, enhanced security or account recovery, and more. However, the upgrade is still a step away from full account abstraction, as the delegated wallet cannot initiate transactions.
"All things considered, teams were in agreement about moving forward in the EIP. 3074 will be included in Pectra," wrote Tim Beiko, …