Under EIP-3074, Ethereum users will be introduced to a new social recovery tool, but it involves an additional layer of trust.
The social recovery tool requires users to have first transferred all their assets to an invoker contract which will perform all future transactions for the user.
The upgrade will see a “supercharging” of ordinary Ethereum wallets with several new smart contracts capabilities, including the ability to recover assets, Ethereum Foundation researcher “Domothy”
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