GeN3 Launch Issue - Flipbook - Page 43
making them function more like hard wallets.
ERC-4337 will work on all EVM compatible
chains, like Polygon, Arbitrum, Binance Smart
Chain, Avalanche, and more. Account abstraction
will allow scheduled payments and spending
limits. They can also use decentralized applications (dApps) without paying gas fees. Bundlers
can group transactions together to be paid
later on, lowering fees, and ending the need to
constantly approve transactions. Users who
lose their private keys can also recover them
through social recovery like trusted individuals
or services.
Several projects and wallets are now incorporating ERC-4337 into their code, and users can
now sign up for a crypto wallet with simple google or apple logins. This is the ease of use factor
that has been missing.
“I think if I were making a
system from scratch, I would
design it with something like
ERC-4337 built in.”
VITALIK BUTERIN
The bene昀椀ts are obvious, and the features banks
and card services offer are undeniably convenient. As we try to move from central banking,
crypto needs to offer the same ease of use and
security that we have all grown accustomed to.
A sample of projects incorporating ERC-4337: Unyfy,
Soul Wallet - Smart contract wallet for Ethereum, UniPass Wallet