What ERC-7779 means for Ethereum’s future
Ethereum’s new ERC-7779 token standard aims to improve smart account interoperability, simplify wallet migrations and introduces advanced features for a better user experience.
With Ethereum co-founder Vitalik Buterin claiming sole ownership of the Ethereum Foundation and speculation surrounding the Trump family building “giant businesses” on Ethereum, the network has been a hot topic of discussion in the crypto community recently.
In an exclusive interview with Cointelegraph, members of the Ethereum Foundation, Trust Wallet, Safe, Alchemy and Rhinestone discussed the new ERC-7779 token standard and its impact on the Ethereum ecosystem.
ERC-7779 aims to build on the advancements of previous Ethereum Improvement Proposals (EIPs) like EIP-7702, which introduced execution abstraction for Ethereum accounts and allowed the creation of externally owned accounts (EOAs).
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Author: Josh O'Sullivan
