Ethereum co-founder Vitalik Buterin, together with co-authors Sam Wilson, Ansgar Dietrichs, and Matt Garnett, have proposed Ethereum Improvement Proposal (EIP) 7702 as an alternative to EIP-3074, aiming to refine account abstraction on the Ethereum network.

EIP-7702 suggests a novel transaction type that enables externally owned accounts (EOAs) – normal Ethereum account addresses – to temporarily function as smart contract wallets during a transaction, with their original state restored afterward.

EIP-7702 serves as a new alternative to EIP-3074 (which was earlier considered for inclusion in the upcoming Pectra upgrade); however, it now adds quantum resistance and better compatibility with 4337, Uniswap founder Hayden Adams noted.

EIP-7702 aims to achieve backward compatibility with …