Pin, the New Great Evolution of Ethereum (ETH) already has a tentative date to be implemented in its network. According to Tim Beiko, one of the most relevant developers of that chain’s protocol, the update will be available for operation on April 30th.
With that proposal, PINs will lead to changes in scalability, efficiency, user experience and staking. In that context, Cryptonoticias interviewed only Jason Chasskin, a researcher at the Ethereum Foundation (EF). He said in the new update innovations, “The Ethereum Improvement Proposal (EIP-7702) is the biggest improvement in terms of user experience (UX) in Ethereum history.”
“If you only need to select one, it is EIP-7702, which we call “upgradeable EOA” (update external accounts). I think this is the biggest improvement in the user experience (UX) in Ethereum history. ”
Jason Chasskin, researcher and coordinator for the Ethereum Foundation.
However, EF researchers highlighted that The essence of Ethereum remains the same After this update arrives:
“Ethereum is a computer of the world. It’s always and will always be. CAPA 1 (L1) is a reliable machine, and L2 (second layer network) is a GPU.”
Jason Chasskin, researcher and coordinator for the Ethereum Foundation.
What is EIP-7702 and what impact does it have on Ethereum?
The Ethereum 7702 proposal was previously described in cryptography and added to the BNB Chain Roadmap 2025 and was appointed as. «Externally Owned Account» Or “External Control Account.” The purpose is that your EOA account has a code, which is a characteristic that belongs to an intelligent contract.
EOA is the account you are in charge of. An external person or entity with a private key This allows you to sign transactions and allow fund movement. Unlike smart contracts, EOA has no code and does not automatically execute functions.
An intelligent contract is an automated program that runs on a network when certain conditions are met without a mediator. However, intelligent contracts They cannot start a transaction on its own Responds only to transactions initiated by EOA.
Therefore, the purpose of EIP-7702 is Improve interaction and compatibility It could potentially encourage the creation of a more refined wallet between EOA and Intelligent Contract accounts.
When it comes to the meaning of EIP-7702, Jason Chaskin is clear.
“The EIP-7702 introduces fundamental changes in Ethereum’s UX, bringing external user accounts (EOAs) to the sophisticated capabilities of intelligent contracts without the need for complex structural changes.
Jason Chasskin, researcher and coordinator for the Ethereum Foundation.
Possibility of Pectra and Ethereum L2
Jason Chasskin links PIN to L2 as an important advance in Ethereum’s scalability. Additionally, it coincides with Justin Drake, the most relevant developer of the Ethereum ecosystem, who predicted the end of the “Golden Age of Solana for the L2 Rise” last November. Chasskin said:
At the time of this article, according to Grow de Pie, Ethereum’s main network records average transaction costs at around USD, with L2 rates much lower. For example, the two most working L2s of its ecosystem, Anbitrum and base, currently have an average transaction cost of trading 0.002 and $0.001.
Meanwhile, the Solana Network records an average rate per transaction of 0.000014 SOL, according to Solscan. Equivalent to $0.0018. Thus, as Chasskin emphasized, the data concluded that Ethereum’s L2 reflects the cost of transactions that are now almost identical to that of Solana.
“The low rates currently in the Ethereum ecosystem have great potential to rethink what new applications can be developed.”
Jason Chasskin, researcher and coordinator for the Ethereum Foundation.
Meanwhile, Chaskin emphasized that L2 block processing times could also be another determinant of Justin Drake’s predictions when they are satisfied.
“Some L2s are even faster (more than Solana) with 250 millisecond block time (milliseconds), such as arbitra.”
Jason Chasskin, researcher and coordinator for the Ethereum Foundation.
As soon as Solana is blocked, this chain will perform its task every second. Four times slower than Arbitrum (250ms).
According to Chaskin, the update, which arrives on April 30th, will lay the foundation for future implementations of Ethereum Road Maps, such as Fusaka. This ensures that L2 will continue Development and optimization User experience.
However, it is worth remembering that the Ethereum community is somewhat reluctant to develop the L2 at the expense of main network climbing, and is asking the Ethereum Foundation to do more effort on this last task.
