What is a smart wallet crypto

what is a smart wallet crypto

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Smart contract wallets provide a means of self custodying crypto assets. � They enable bundled transactions, customizable recovery options, the. A smart contract wallet is a type of crypto (or Web3) wallet which is powered by smart contracts - we will explain what smart contracts are. Wallets for smart contracts are based on blockchain technology, which means they use a network of computers to record transactions. This network.
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  • what is a smart wallet crypto
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Unfortunately, they are far harder to implement on Blockchains like Bitcoin that lack Ethereum's smart contract capabilities. Why you should use Ambire Wallet Ambire Wallet is a great example of a smart contract wallet built on Account abstraction. Contract accounts, on the other hand, are controlled by code and do not require a seed phrase for recovery.