The Ethereum Revolution $ETH that no one is talking about!
Last week, a major update called Pectra was released on the Ethereum network.
Many perceived it as 'another meaningless Ethereum update that won't affect anything'.
👀 Why is this not the case?
The most important innovation of Pectra is EIP-7702, which allows a regular wallet to temporarily turn into a smart contract during a transaction.
Sounds boring? Here's what it provides in practice:
• Batch transactions: Instead of three separate operations (approve token, exchange, transfer) — one transaction. This greatly simplifies interaction with applications.
• Gas payment in stablecoins: Now applications can pay fees for you, or you can pay in USDC instead of ETH. Newcomers no longer need to understand what 'Gas' is to start using applications.
• Biometric authentication: Instead of complex private keys — a fingerprint or FaceID. Just like on a modern smartphone.
• Spending limits: the ability to set a maximum amount that the application can spend in a day — like a limit on a bank card.