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Ethereum developer nicolashw has proposed an improvement that would let wallets permanently disable EIP-7702 delegation, The Defiant reported.
EIP-7702 is a standard that allows externally owned accounts, or regular wallets, to use smart contract functionality, and the feature was said to have been abused in the recent Binance hack. The proposal would preserve wallet addresses as well as standard transfers and contract calls, while permanently blocking any future delegation of smart contract execution authority. However, it would not prevent asset theft if a private key is compromised.
The draft was submitted on Oct. 30 and has not yet been assigned a formal EIP number. Actual adoption would require an Ethereum network upgrade.