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To summarize the concerns over a single bad signature draining your Ethereum account after EIP-3074: - Wallets currently don't support 3074 type signatures, which follow a new format. - There is an invoker field in 3074 signatures which is very important. A bad invoker can… https://t.co/HBA1IWARKG
"One bad signature will be able to drain your account on Ethereum after EIP-3074." Yes; this is true. 3074 coauthor here! Let me put this concern to rest a bit before it gets more out of hand.
> community hates approvals / EOA limitations > 2020: 3074 proposed as possible step fwd: app devs frustrated it isnt considered > EIP tweaked: adds revocations, gets tests + impl > proposed for pectra: some ecstatic, others worried hard to build consensus in large ecosystems!
$427M worth of weETH has been transacted on Arbitrum, the highest among other Layer 2 solutions. EIP 3074's approval is seen as a significant advancement for Ethereum, unlocking new possibilities. The network's Dencun upgrade has led to increased activity on Layer 2s, with lower transaction costs attracting new users. Despite revenue decrease, Ethereum's adoption on Layer 2 networks is rapidly growing.
