The upgrading of Ethereum Pectra has introduced a significant upgrade to accessing account abstraction, with many purses that implement change.
PECTRA was introduced The proposal of improving the Ethereum (EIP) 7702, a change that Ivo Georgiev, founder and CEO of the Self-Customial Smart Wallet Ambire, has described as “the single greatest UX upgrade to Ethereum to date.” The ambire is among the purse providers who have been roll out the support for new features ever since Pectra lived yesterday.
Ambire’s announcement shared with Cointelegraph explains that EIP-7702 is bringing the function of smart account to existing user accounts, which allows them to temporarily act as smart contracts. This results in the benefits of Account abstraction Being available without creating new dedicated onchain addresses, which provides the transfer of existing addresses possible.
Another purse that has launched new features is the trust wallet, allowing users to pay gas (transaction fees) on tokens such as stablecoins instead of ether (Eth). The new wallets will be programmed and still ensure self-custody.
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Ambire’s updating
According to an ambire announcement shared with cointelegraph, the key features that users can now enjoy without moving accounts include a crosschain through default architecture, with a dashboard showing balances in all chains. A purse can be used on all blockchains, gas fees are that -Bstract and the system uses decentralized finances (DEFI) Aggregator Li.FI for its replacement and bridging needs.
The company also promised transaction simulation to all supported chains, discovery of scam application and token approved. This statement follows some developers who have raised concerns that the EIP-7702 provides a new avenue for empty phishing campaigns with the whole purse at once.
Ambire also admitted that it did not rely on third-party services, allowing better privacy features and increased reliability (no third party whose flow would result in a wallet outage). The firm also said that new accounts are more accessible to AI agents:
“Account programmability gives AI agents to act on your future account to enhance your portfolio yield, saving your positions to DeFI, automatically claim airdrops and more.”
Georgiev claimed that ambire’s offer was the first market since the purse’s confidence announced that it will “live as soon as possible.” The updated ambire system is to be deployed a few minutes after updating on a live x Conference.
Related: How smart accounts and abstraction of the account can unlock Ethereum’s entire utility
New Trust Wallet Systems
The Trust Wallet announcement described the upgrade as the largest since Ethereum’s entire move to the proof-of-stake in the “combine” event. CEO of firm Eowyn Chen, said:
“EIP-7702 changed the game.”
The Trust Wallet has promised that its users can pay fees to non -ether tokens and a lot of actions in a transaction, for example, approved, replacing and signing a transaction at the same time. The new wallet will also support sponsored transactions where third parties can cover gas fees to new users and automatic actions such as subscriptions, average dollars and more.
All of these features are available to existing users without re -creating new accounts with new seed phrases. Like the ambire, the trust wallet also developed its account infrastructure in-house, reducing data sharing and hoping for third parties.
“Our vision is to change purses from static key holders to intelligent, friendly agents,” Chen said.
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