The EIP-7702 proposal put forward by Ethereum co-founder Vitalik Buterin has been included in the next upgrade "Pectra", but developers have not yet finalized the details. The proposal allows external owned accounts (EOAs) to temporarily act as smart contracts in a single transaction, enhancing flexibility and security.

At the recent core developer meeting, the integration challenges and potential risks of EIP-7702 were discussed. Developers unanimously agreed to address these issues before the next meeting on July 4th to ensure timely implementation into the development test network. The next major upgrade of Ethereum is expected to go live between November 2024 and early 2025.