One of the EIP’s functions gives standard externally owned accounts with only one bad signature.”on X that while there are security concerns with the update, “people will always find a way to lose their money.”Software engineer Laurence Day
the EIP’s “most obviously useful application” was its sponsored transactions, as it allowed users to “store assets in a wallet that doesn’t hold Ether” and they could sponsor the gas from a contract controlling the wallet.that negates the need for the typical 12 to 24-word seed phrase.on X that the EIP turns wallets into smart contracts by adding two new operating instructions — AUTH and AUTHCALL.AUTH verifies signatures and actions.
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