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CryptoIntelligence 2024-04-14 09:44:45

Ethereum’s Upcoming Pectra Upgrade to Transform Crypto Wallets with Enhanced Smart Contract Features

Ethereum’s Upcoming Pectra Upgrade to Transform Crypto Wallets with Enhanced Smart Contract Features

Ethereum‘s forthcoming Pectra upgrade, anticipated for late 2024 or early 2025, is set to significantly enhance the functionality and user experience of crypto wallets. The Ethereum Improvement Proposal (EIP) 3074, integral to this update, was recently approved and will enable standard crypto wallets to operate similarly to smart contracts. The core functionality of EIP-3074 will allow standard externally owned accounts (EOAs), such as those used in MetaMask wallets, to execute operations typical of smart contracts. This includes transaction bundling, which permits a single signature for multiple transactions, and sponsored transactions, allowing a wallet to allocate funds for use by another

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