What impact will Ethereum upgrade have on smart contracts?

EIP - 7702 is of great significance to smart contracts. It improves the user experience of crypto wallets and enables account abstraction. Users do not need complex private key management, and can customize wallet rules according to their own needs. This simplifies the operation process, attracts more users to participate in smart contract interaction, and promotes the popularization of smart contract applications.

In the past, when users operated smart contracts, private key management was troublesome and prone to errors. EIP - 7702 lowers the threshold for smart contract interaction, and developers can design contracts more flexibly, providing users with diverse functions, such as one-click transactions, multi-signature authorization, etc.

Account abstraction enables smart contracts to be used as user accounts, realizing functions such as identity authentication, permission management, etc. This allows users to manage multiple assets and operations under one contract, improve management efficiency, and enhance the practicality of smart contracts.

EIP - 7251 Increases the maximum stake limit of validator from 32 ETH to 2,048 ETH. This change has a profound impact on smart contracts. A large amount of pledge of ETH can increase the cost of verifiers and ensure the security of the smart contract operating environment.

More ETH staking means that network verifiers are more reliable, and the risks of data tampering and malicious attacks during smart contract execution are reduced. Developers can build complex contracts with confidence, and users also trust the contract execution results more.

The high staking ceiling has prompted validators to actively maintain the network and optimize the execution efficiency of smart contracts. Smart contract transaction confirmation is faster, capital flow is accelerated, and it is widely used in areas such as finance and supply chains that require high efficiency.

EIP - 7691 Increase the maximum number of blobs, mainly improving the Rollup expansion capabilities, which has a significant impact on the scalability of smart contracts. Rollup can batch process smart contract transactions to reduce transaction costs.

In the past, smart contracts were prone to congestion when they faced high transaction volumes. EIP - 7691 By increasing the number of blobs, Rollup can carry more transaction data. Smart contracts can handle large-scale transactions and meet the needs of high-frequency trading scenarios such as e-commerce and games.

With the increased expansion capabilities of Rollup, smart contracts can deploy more complex applications. For example, the decentralized finance (DeFi) platform can support more users to trade at the same time without affecting transaction speed and cost, and enhance the platform's competitiveness.

When developers build smart contracts, they can use EIP - 7691 to optimize the contract architecture. Leave some computing and storage tasks to Rollup to reduce the contract’s own burden and make the contract more efficient and stable.

EIP - 7691 can also promote interactive collaboration between different smart contracts. Because Rollup can integrate multiple contract transactions, different contracts can share resources, implement more complex business logic, and expand the boundaries of smart contract application.

From the user's perspective, EIP - 7691 makes smart contracts more smooth. When users conduct transactions, the waiting time is shortened and the handling fee is reduced, which improves users' satisfaction with smart contract applications and attracts more potential users.

For the entire Ethereum ecosystem, EIP-7691 promotes innovation in smart contract applications. Developers can explore new business models, such as large-scale decentralized crowdfunding, distributed data storage, etc., to enrich the Ethereum smart contract ecosystem.

The various improvements of Ethereum this time have been integrated to bring all-round improvements to smart contracts. There has been a qualitative leap from user experience to security and then to expansion capabilities. Developers need to make full use of these upgrade advantages.

Developers should learn EIP-7702 in depth, optimize the contract user interface and interactive logic, realize account abstraction functions, and improve user stickiness. For EIP-7251, reasonably adjust the logic related to contract pledge to ensure the security of the contract.

For EIP - 7691, developers should optimize the interaction between contracts and Rollup, redesign data storage and computing solutions, give full play to Rollup's expansion capabilities, and develop more competitive smart contract applications.

Developers also need to pay attention to upgrade compatibility issues. The contract is fully tested on the test network to ensure that the smart contract can run stably after Ethereum is upgraded without any functional abnormalities or security vulnerabilities.

Only by constantly learning Ethereum upgrade knowledge and keeping up with technological development trends can we maintain our leadership in the field of smart contract development and provide users with better quality, efficient and secure smart contract applications.