Thread by @biconomy

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The ultimate goal for Web3 developers is mass adoption of blockchain technology.

As they say, the best process is no process.

We think Smart Contract Wallets will play a massive role in simplifying adoption.

Here's why SCWs matter👇🏼

A 🧵

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The two types of wallets we're familiar with:

🗂 'Hot' wallets — Browser-based, like MetaMask and Coinbase Wallet Mobile App. Always connected to the web.

🗂 'Cold' wallets — Connected only when in use, like Ledger and Trezor. These are less user-friendly.

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A 3rd option — Smart Contract Wallets (SCWs)

These are Ethereum wallets managed by smart contracts instead of private keys.

Some of the advanced security benefits of SCWs?

✅ Whitelisting
✅ Multi-sig transactions
✅ Daily transfer limits
✅ Emergency account freezing

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Why do we ❤ Smart Contract Wallets?

Funds are controlled and accessed through smart contract code. This means:

🏗 almost unlimited functionality — just code it!
🏗 greater control over assets
🏗 increased confidence in #DeFi
🏗 repetitive actions are automated by code

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But wait, there's more juice.

Smart Contract Wallets allow you to:

1) ✍🏼 assign trusted ‘guardians’ to approve certain actions

2) 📦 bundle transactions for speed and convenience

3)⛽️ let your users go gasless!

How cool is that?

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In a nutshell, Smart Contract Wallets are going to be a big deal in the near future.

They’ll help ladder up scaling efforts and simplify bundles of transactions all at once.

Stay tuned to see how we’ll build these into a frictionless Web3 future!