What is Smart Programmable Wallet?

What is a Smart Wallet?

A Smart Wallet is a smart contract-based wallet adhering to the ERC-4337 standard.

Ethereum supports two main types of accounts for transferring and receiving tokens: Externally Owned Accounts (EOAs) and Contract Accounts. A smart account is a wallet controlled by a contract account rather than an EOA. Unlike traditional wallets, intelligent accounts do not require private keys or seed phrases. They depend on code to secure and recover wallet information.

A smart account is accessed using a 'key' - a personal account. This key can range from a MetaMask wallet to an In-App Wallet and serves as a method to 'sign in' to the wallet.

Advantages of Intelligent Accounts

• Enhanced Transaction Efficiency & Batch Processing

  • Combine multiple transactions into a single atomic transaction

• Advanced Security Features

  • Social & Multi-Signature Recovery

    • Recover your wallet without needing seed phrases or passwords

    • Appoint a trusted individual to assist in wallet recovery during emergencies

• Customizability

  • Smart accounts can perform any function that a smart contract can

  • These accounts can be upgraded to incorporate new features

• Account Factories

  • To create intelligent accounts for users, an account factory contract is utilized. This factory contract is tasked with deploying individual user contracts as needed. The SDK includes a ready-to-use global factory, but you also have the option to deploy your own factory.

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