🗒️ How the technology works｜Account abstraction
· What it is: The Pectra upgrade in May 2025 introduced EIP-7702, allowing existing externally owned accounts to delegate code execution to a contract.
· How to understand it: With a smart contract wallet, losing the private key on one device doesn’t necessarily mean losing all your assets. You can regain control according to rules set in advance.
· Reminder: When your wallet asks you to delegate your account to a contract, always verify the contract address and its source. Reject any requests from unfamiliar websites.
$ETH 2510.73 (+0.91%)
Crypto markets are volatile, so keep your position size in check.
· What it is: The Pectra upgrade in May 2025 introduced EIP-7702, allowing existing externally owned accounts to delegate code execution to a contract.
· How to understand it: With a smart contract wallet, losing the private key on one device doesn’t necessarily mean losing all your assets. You can regain control according to rules set in advance.
· Reminder: When your wallet asks you to delegate your account to a contract, always verify the contract address and its source. Reject any requests from unfamiliar websites.
$ETH 2510.73 (+0.91%)
Crypto markets are volatile, so keep your position size in check.