A smart contract wallet is a digital wallet that uses smart contract code on a blockchain to manage and secure digital assets. These wallets offer advanced features beyond basic transaction signing, supporting multi-signature approvals, time-locked transactions, and social recovery mechanisms. They provide enhanced programmability and security options for users.
Context
Smart contract wallets represent an evolution in digital asset custody, moving beyond simple private key management to programmable security. The current discussion centers on improving user experience, reducing gas fees for complex operations, and standardizing account abstraction features. Their adoption is expected to increase as users seek more sophisticated control over their digital holdings.
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