Upgrade EIP-4762 Enhances Ethereum Account Abstraction

EIP-4337, known as ERC-4337, targets Ethereum’s account abstraction to improve UX, gas fees, and transaction security. It introduces a new mempool for user operations, separating them from transactions. Ethereum aims to implement this in June. This upgrade enables smart contract wallets, reducing reliance on externally owned accounts and enhancing decentralized app user experiences while optimizing gas usage.