Particle Network Unveils EIP-7702 to Upgrade All Ethereum Accounts

Edgen Crypto

·Mar 25 2026, 11:07

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Key Takeaways

Particle Network, in collaboration with Privy, Dynamic, and Magic Labs, has put forward EIP-7702. This Ethereum Improvement Proposal is designed to allow standard user wallets (EOAs) to be upgraded into more flexible 'Universal Accounts,' a significant step for account abstraction that could simplify Web3 user onboarding.

Proposal: Particle Network and its partners have introduced EIP-7702, a proposal for a full-chain account upgrade solution on Ethereum.
Functionality: The proposal allows basic Externally Owned Accounts (EOAs) to seamlessly upgrade into smart contract-enabled Universal Accounts.
Potential Impact: This innovation could significantly lower barriers to entry for new users, potentially accelerating mainstream adoption of decentralized applications.

EIP-7702 Aims to Convert All Ethereum Wallets into Smart Accounts

Particle Network, working alongside partners Privy, Dynamic, and Magic Labs, has formally proposed EIP-7702. This technical standard introduces a solution to upgrade the billions of existing Externally Owned Accounts (EOAs) on Ethereum—the basic wallets most users currently have—into more powerful "Universal Accounts." The proposal allows these standard wallets to gain the functionality of smart contract wallets without forcing users to create new addresses or migrate funds, directly addressing a long-standing friction point in the user experience.

New Standard Could Simplify User Experience and Boost Adoption

The primary impact of EIP-7702, if adopted, would be a major advancement for account abstraction on Ethereum. By enabling EOAs to acquire smart contract capabilities, users could access features like transaction batching, social recovery, and gas sponsorship directly from their existing wallets. This upgrade would significantly simplify the onboarding process for new Web3 users, removing a key technical hurdle. For investors, the successful implementation of this proposal could increase the value of related infrastructure projects and serve as a catalyst for the next wave of mainstream adoption for decentralized applications.