Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Ethereum Forum => Ethereum News & Updates => Topic started by: Sharpmax on June 18, 2021, 12:47:17 AM
-
It’s no secret that Ethereum leads the blockchain arena, when it comes to innovation and implementing trend-setting ideas. Ethereum wallets are no different and might soon be able to offer features, nothing short of magical. Think Batch transactions, sponsored transactions etc, right out of the box, without any special smart contract taking care of it. What would it mean if Ethereum Improvement Proposal 3074 was implemented?Hate Those Approve Functions On Uniswap? Here Comes A Fix!Remember how you have to approve a token for usage on the Uniswap network before making a trade? EIP-3074 fixes that also. It allows for a person to approve and trade a token in one single transaction, saving more time/money and improving the user experience.It does so by allowing smart contracts to send transactions as an Externally Owned Account (EOA) or an Ethereum address. There are two Ethereum Virtual Machine (EVM) instructions involved here – AUTH AND AUTHCALL. The first one approves the token and the second allows it to be traded on the protocol.source (https://cryptonews.net/818851/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)