Smart Account
A smart account is an advanced blockchain account managed by a smart contract, offering enhanced functionality and security features beyond traditional externally owned accounts (EOAs). With smart accounts, users can implement custom rules for transaction authorization, such as multi-signature requirements, spending limits, or social recovery mechanisms. This flexibility allows for a more user-friendly experience, as accounts can be tailored to individual needs and security preferences.
For web3 developers, integrating smart accounts into decentralized applications can provide users with greater control and customization over their interactions, potentially increasing adoption and trust in the platform. Smart accounts are a key component of account abstraction efforts, aiming to simplify blockchain interactions and enhance security for end-users.