January 26, 2023, 12:46PM EST
• 6 min read

Account Abstraction: Improving Crypto Wallet UX

Quick Take

  • The majority of crypto users currently use externally owned account wallets that have suboptimal security measures and a lackluster UX.
  • Account abstraction is a framework to replace externally owned accounts with contract accounts, enabling wallets to have custom programmability and their own logic akin to a smart contract.
  • Features of smart contract wallets include batched signing, session keys, additional security measures and private key replacement with social recovery.
  • EIP-4337 aims to implement account abstraction without having to make consensus-layer changes to Ethereum.

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