Spark Profile picture
May 9 5 tweets 2 min read Twitter logo Read on Twitter
🧵1/5 Account abstraction allows users to employ #SmartContract wallets instead of externally owned accounts (EOAs).

This enables intelligent logic in the code, delivering a smoother & more secure user onboarding experience. 🛡️
🧵2/5 Intelligence built into Smart contract wallets offers users the ability to:

•Create personalized & adaptable security
•Share account security among trusted individuals or devices for asset recovery in case of key loss. 🔑
🧵3/5 More benefits of Smart contract wallets include:
•Initiate gas payments for others or receive them from others ⛽ 🚫
•Combine multiple transactions into a single batch (e.g., approving & executing a swap simultaneously) 🔄
🧵4/5 By using Smart contract wallets, users can enjoy a web2-quality frictionless user experience in web3 native applications like web3 games.

It's all about enhancing the overall experience for the end-user! 🤩
🧵5/5 In conclusion, account abstraction & Smart contract wallets bring a new level of security, adaptability, and efficiency to the world of #web3.

Let’s embrace the future and upgrade our web3 experience! 💪

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More from @allsparkgg

May 4
1/#UTXO model works like cash transactions, while the account-based model works similar to how bank accounts work.
2/For example- I have a $10 bill. I buy a coffee and muffin for $2 and $3 each and receive $5 change. In UTXO-based blockchains, the $10 bill and the $5 change would be represented as two separate UTXOs.
3/ In UTXO-based blockchains, such as Bitcoin, identity is not a relevant concept.

Rather, the focus is on UTXOs or unspent coins that are allocated to various wallet addresses.
Read 6 tweets

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