Key Features

1. Account Abstraction for EOAs:

EIP-7702 allows EOAs to set their own code, effectively enabling them to behave like smart contracts. This is achieved by signing an authorization that can be submitted as part of a new transaction type.

This abstraction enhances the user experience (UX) by making EOAs more flexible, secure, and user-friendly.

2. Improved Functionality:

EOAs can now adopt features like multi-signature wallets, gasless transactions, and custom transaction validation rules, which were previously only possible with smart contract wallets.

3. Enhanced Security:

By enabling EOAs to implement custom logic, users can add layers of security, such as requiring multiple signatures or time-based transaction approvals.

4. Developer and User Benefits:

Developers can create more sophisticated dApps that interact seamlessly with EOAs.

Users benefit from a more intuitive and secure blockchain experience.