Summary

ERC-4337 defines a standard for account abstraction without changes to the Ethereum protocol, relying on a separate transaction mempool that contains operations to be submitted and executed onchain by external actors ("bundlers") on behalf of transacting users.

Smart contract accounts require their own Ethereum address by definition. However, EIP-7702 builds on top of ERC-4337 by allowing non-smart-contract accounts (EOAs) to delegate their authority to smart contract accounts, extending the power of ERC-4337 to all Ethereum users.

Why It Matters

ERC-4337 allows users of Ethereum to use smart contract account features without changes to the protocol. This gives users better UX and more flexibility over how their wallet is secured and recoverable, can be used to avoid needing to keep the wallet topped up with Ether to pay for gas fees, etc. See Account Abstraction for more information.

Summary

Smart contract accounts require their own Ethereum address by definition. EIP-7702 builds on top of ERC-4337 by allowing non-smart-contract accounts (EOAs) to delegate their authority to smart contract accounts, extending the power of ERC-4337 to all Ethereum users.

EIP-7702 allows wallets to submit a special type of transaction which sets the smart contract code that acts on behalf of the user's account, effectively delegating control of the account to the smart contract without requiring the user's address to change.

Why It Matters

EIP-7702 allows users of Ethereum to use smart contract account features with minimal changes to the protocol. This gives users better UX and more flexibility over how their wallet is secured and recoverable, can be used to avoid needing to keep the wallet topped up with Ether to pay for gas fees, etc. See Account Abstraction for more information.

Summary

ERC-4337 defines a standard for account abstraction without changes to the Ethereum protocol, relying on a separate transaction mempool that contains operations to be submitted and executed onchain by external actors ("bundlers") on behalf of transacting users.

Smart contract accounts require their own Ethereum address by definition. However, EIP-7702 builds on top of ERC-4337 by allowing non-smart-contract accounts (EOAs) to delegate their authority to smart contract accounts, extending the power of ERC-4337 to all Ethereum users.

Why It Matters

ERC-4337 allows users of Ethereum to use smart contract account features without changes to the protocol. This gives users better UX and more flexibility over how their wallet is secured and recoverable, can be used to avoid needing to keep the wallet topped up with Ether to pay for gas fees, etc. See Account Abstraction for more information.

Summary

ERC-4337 defines a standard for account abstraction without changes to the Ethereum protocol, relying on a separate transaction mempool that contains operations to be submitted and executed onchain by external actors ("bundlers") on behalf of transacting users.

Smart contract accounts require their own Ethereum address by definition. However, EIP-7702 builds on top of ERC-4337 by allowing non-smart-contract accounts (EOAs) to delegate their authority to smart contract accounts, extending the power of ERC-4337 to all Ethereum users.

Why It Matters

ERC-4337 allows users of Ethereum to use smart contract account features without changes to the protocol. This gives users better UX and more flexibility over how their wallet is secured and recoverable, can be used to avoid needing to keep the wallet topped up with Ether to pay for gas fees, etc. See Account Abstraction for more information.

Summary

Smart contract accounts require their own Ethereum address by definition. EIP-7702 builds on top of ERC-4337 by allowing non-smart-contract accounts (EOAs) to delegate their authority to smart contract accounts, extending the power of ERC-4337 to all Ethereum users.

EIP-7702 allows wallets to submit a special type of transaction which sets the smart contract code that acts on behalf of the user's account, effectively delegating control of the account to the smart contract without requiring the user's address to change.

Why It Matters

EIP-7702 allows users of Ethereum to use smart contract account features with minimal changes to the protocol. This gives users better UX and more flexibility over how their wallet is secured and recoverable, can be used to avoid needing to keep the wallet topped up with Ether to pay for gas fees, etc. See Account Abstraction for more information.

Summary

Smart contract accounts require their own Ethereum address by definition. EIP-7702 builds on top of ERC-4337 by allowing non-smart-contract accounts (EOAs) to delegate their authority to smart contract accounts, extending the power of ERC-4337 to all Ethereum users.

EIP-7702 allows wallets to submit a special type of transaction which sets the smart contract code that acts on behalf of the user's account, effectively delegating control of the account to the smart contract without requiring the user's address to change.

Why It Matters

EIP-7702 allows users of Ethereum to use smart contract account features with minimal changes to the protocol. This gives users better UX and more flexibility over how their wallet is secured and recoverable, can be used to avoid needing to keep the wallet topped up with Ether to pay for gas fees, etc. See Account Abstraction for more information.

Summary

Smart contract accounts require their own Ethereum address by definition. EIP-7702 builds on top of ERC-4337 by allowing non-smart-contract accounts (EOAs) to delegate their authority to smart contract accounts, extending the power of ERC-4337 to all Ethereum users.

EIP-7702 allows wallets to submit a special type of transaction which sets the smart contract code that acts on behalf of the user's account, effectively delegating control of the account to the smart contract without requiring the user's address to change.

Why It Matters

EIP-7702 allows users of Ethereum to use smart contract account features with minimal changes to the protocol. This gives users better UX and more flexibility over how their wallet is secured and recoverable, can be used to avoid needing to keep the wallet topped up with Ether to pay for gas fees, etc. See Account Abstraction for more information.

Summary

Smart contract accounts require their own Ethereum address by definition. EIP-7702 builds on top of ERC-4337 by allowing non-smart-contract accounts (EOAs) to delegate their authority to smart contract accounts, extending the power of ERC-4337 to all Ethereum users.

EIP-7702 allows wallets to submit a special type of transaction which sets the smart contract code that acts on behalf of the user's account, effectively delegating control of the account to the smart contract without requiring the user's address to change.

Why It Matters

EIP-7702 allows users of Ethereum to use smart contract account features with minimal changes to the protocol. This gives users better UX and more flexibility over how their wallet is secured and recoverable, can be used to avoid needing to keep the wallet topped up with Ether to pay for gas fees, etc. See Account Abstraction for more information.

Summary

ERC-4337 defines a standard for account abstraction without changes to the Ethereum protocol, relying on a separate transaction mempool that contains operations to be submitted and executed onchain by external actors ("bundlers") on behalf of transacting users.

Smart contract accounts require their own Ethereum address by definition. However, EIP-7702 builds on top of ERC-4337 by allowing non-smart-contract accounts (EOAs) to delegate their authority to smart contract accounts, extending the power of ERC-4337 to all Ethereum users.

Why It Matters

ERC-4337 allows users of Ethereum to use smart contract account features without changes to the protocol. This gives users better UX and more flexibility over how their wallet is secured and recoverable, can be used to avoid needing to keep the wallet topped up with Ether to pay for gas fees, etc. See Account Abstraction for more information.