Features
Key advantages of EIP-7702 include:- Portable accounts: use existing accounts, redelegate if needed. No need to migrate users’ assets.
- Cheap deployments: deploying a smart EOA is cheap compared to an ERC-4337 account.
- Infrastructure agnostic: can use intents, userops, or normal transactions.
- No key rotation: there is no way to properly rotate account owners, as the EOA is always the root owner of the account. If the EOA is lost or compromised, the account is wrecked.
- No multisig: the EOA acts as a root key that can override any other owner. A proper multi-signature account is not possible with EOAs.