Smart contract wallets the future of Web3 authentication
Traditional wallets are evolving. Smart contract wallets introduce gasless transactions, multi-sig security, and seamless user experience.
By Vitalik Buterin on
Web3 wallets are evolving beyond simple key pairs. Smart contract wallets enable better security, usability, and gas efficiency.
Why Smart Contract Wallets?
Unlike traditional wallets (EOA), smart contract wallets offer:
- Gasless Transactions: Users can pay gas fees in any token or use sponsored transactions.
- Multi-signature Security: Protect assets with multiple approvers.
- Account Recovery: Unlike seed phrases, smart wallets can have social recovery features.
Popular smart contract wallets like Argent and Safe (Gnosis Safe) are leading the way in making crypto wallets more user-friendly.
