Ethereum Foundation Unveils Interoperability Layer for Seamless Transactions

The Ethereum Foundation has proposed a new initiative called the Ethereum Interoperability Layer (EIL) to streamline cross-chain transactions within its network. The EIL, based on the ERC-4337 standard and principles of trustless declaration, aims to unite all Layer 2 networks into a single chain. This means users can initiate and settle cross-chain operations with a single signature, eliminating reliance on relays or external solvers.