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DAMIAN
@web3-ambassador
EIP-7702 and Property Transactions The Ethereum Pectra upgrade will introduce EIP-7702, which temporarily transforms Externally Owned Accounts (EOAs) into smart contracts. This change has implications for how property transactions could be conducted on Ethereum.
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DAMIAN
@web3-ambassador
Pectra's implementation of EIP-7702 is designed to enhance access control in transactions. Features like session keys and multi-signature approvals could be relevant to securing property-related transactions on the blockchain. EIP-7702 aims to bridge the functionality gap between EOAs and smart contract accounts.
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DAMIAN
@web3-ambassador
This could influence how traditional real estate processes interact with Ethereum-based property transaction systems. The Pectra upgrade, through EIP-7702, introduces new capabilities that may affect the automation and transparency of property transactions on Ethereum.
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DAMIAN
@web3-ambassador
This includes potential changes to escrow, mortgage, and title transfer processes. BUILD ON ETHEREUM JOIN us as we bring 0'42 Onchain. #EthEnugu
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