EIP-3074: Innovation of EOA account to enhance experience and security

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EIP-3074: Bringing a better experience and higher security for EOA accounts

EIP-3074 is an important proposal aimed at allowing regular accounts (EOA) to gain execution capabilities comparable to smart contracts. This not only significantly enhances the user experience but also reshapes the existing authorization methods, improving security while maintaining convenience.

Detailed Explanation of EIP-3074's Impact on Wallets and DApps

Main Features of EIP-3074

  • Allow EOA to delegate part of the control to the specified smart contract ( Invoker contract )
  • Users only need to sign, no need to send transactions on-chain themselves.
  • Multiple operations can be completed at once, achieving batch calls.
  • No need to prepare ETH in advance for gas fees

Detailed Analysis of EIP-3074's Impact on Wallets and DApps

Potential Applications of EIP-3074

  1. Batch call: Combine multiple operations into a single transaction for execution.

  2. Session Key: Authorizes a third party to operate the account under specified conditions.

  3. Native ETH permit: Implement ETH transfer authorization similar to ERC20 permit

  4. Limit Order: Execute limit trades without prior authorization.

  5. Social Recovery: Transfer account assets through the preset recovery mechanism.

Detailed Explanation of the Impact of EIP-3074 on Wallets and DApps

Impact of EIP-3074 on the Existing Ecosystem

  1. Improve asset authorization methods
  • No need to pre-authorize large assets to DApp
  • Each authorization is tied to a specific operation, making it more secure.
  • Expected to replace the existing approve and permit model.

Detailed Analysis of EIP-3074's Impact on Wallets and DApps

  1. How the wallet handles EOA nonce
  • Changes in EOA nonce can cause previous EIP-3074 authorizations to become invalid.
  • Wallet needs to manage EOA's EIP-3074 transaction queue
  • Users need to pay attention to the nonce issue when going on-chain themselves.

Detailed Explanation of the Impact of EIP-3074 on Wallets and DApps

Summary

EIP-3074 brings contract-level flexibility to EOA, opening up many new application scenarios. It not only enhances user experience but also redefines a more secure authorization method. Although there are still some details to consider in the implementation, EIP-3074 is expected to become an important improvement in the Ethereum ecosystem, providing users with a better experience and higher security.

Detailed Analysis of EIP-3074's Impact on Wallets and DApps

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SandwichVictimvip
· 07-04 23:46
Batch interaction is awesome!
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BlockTalkvip
· 07-04 00:42
Looking forward to this upgrade.
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0xSoullessvip
· 07-03 13:52
What a bold breakthrough!
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PaperHandsCriminalvip
· 07-03 04:25
Unforeseen and unclear
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APY追逐者vip
· 07-03 04:25
Batch processing is really great!
View OriginalReply0
ZenChainWalkervip
· 07-03 04:22
Pretty good, just too much gas.
View OriginalReply0
MoonBoi42vip
· 07-03 04:21
Batch calling is very smooth.
View OriginalReply0
SchrodingerWalletvip
· 07-03 04:18
Safety is more important than everything.
View OriginalReply0
SchrodingersFOMOvip
· 07-03 04:14
Batch processing feels reassuring.
View OriginalReply0
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