Given the recent resurgence of interest in EIP-3074, I wanted to take a moment to highlight some of the important aspects of the EIP and how I imagine it will be adopted into the day-to-day usage of Ethereum users.
image
The same, but different
EIP-3074 is usually framed as an alternative to ERC-4337. That isn't exactly true. In the case of EIP-3074, the main goal is to delegate control of your EOA to a smart contract. It quacks like Account Abstraction because it supercharges EOAs with smart contract wallet functionality, but at the end of the day, it is still an EOA. Stolen key means total loss (although there are some mitigations for lost keys).
EIP-3074 makes no consideration for transaction sponsoring / relaying, which is the meat of ERC-4337. The idea being developers will build systems on top of EIP-3074 which solve this.
It turns out ERC-4337 actually is that system, and the team has painstakingly addressed every edge case to deliver a robust user op relaying system that is safe for users and bundlers alike.