Overview
A smart wallet is a wallet powered by smart contract logic, enabling recovery, multisig, and automation. It goes beyond simple key-based accounts. Smart wallets are central to account abstraction.
How It Works
The wallet contract defines rules for transactions, including recovery and spending limits. Users interact through programmable validation. This enables features like social recovery and session keys.
Why It Matters
Smart wallets improve security and usability, making crypto more accessible. They reduce the risk of lost keys and enable new experiences. They are a key step toward mainstream adoption.
Related Concepts
Smart wallets relate to Account Abstraction, Smart Accounts, and Social Recovery. They are enabled by ERC-4337 and ERC-1271.