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@yshour
#EIP3074 Imagine your Ethereum account is like a bank account. Normally, to spend money, you need to have enough funds and use your debit card (private key) to authorize the transaction. cont..
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@yshour
This is beneficial because: You don't need to hold Ethereum (ETH) for gas fees, other tokens can be used. It adds flexibility to your account without needing a whole new wallet system.
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@yshour
1. You sign a message saying what you want to do (transaction). 2. That signed message gets sent to a trusted service (smart contract). 3. The service uses your message and a special code (opcode) to act on your behalf, like paying with your account even if it has no funds for gas fees.
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@yshour
EIP-3074 is like giving someone (a smart contract) temporary permission to use your debit card. Here's how it works:
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