SUMMARY
Safe, formerly known as Gnosis Safe, has integrated ERC-4337, an Ethereum feature that enables account abstraction. This update allows wallets to function as smart contracts and offers various advanced features. Safe, one of the leading institutional wallet providers, currently secures $60 billion in digital assets. The integration of ERC-4337 gives developers the flexibility to choose their preferred relayer technologies and build products for millions of users.
KEY POINTS
– Safe, a major institutional wallet provider, has integrated ERC-4337, an Ethereum feature that enables account abstraction.
– Account abstraction allows wallets to operate as smart contracts, providing advanced features like multi-factor authentication and wallet social recovery.
– The integration of ERC-4337 gives developers the flexibility to choose their preferred relayer technologies.
– Safe’s integration of ERC-4337 is a fully audited upgrade that supports ERC-4337 in a modular manner, potentially offering developers more flexibility.
– Ethereum co-founder Vitalik Buterin has highlighted account abstraction as a crucial advancement for the network, attracting the attention of major companies like Visa.
HOT TAKE
The integration of ERC-4337 by Safe is a significant step forward for Ethereum and the broader blockchain industry. Account abstraction opens up new possibilities for wallets to offer advanced features and provides developers with more flexibility. With major companies like Visa testing the capabilities of account abstraction, it’s clear that this technology has the potential to revolutionize the way we interact with digital assets. Safe’s integration of ERC-4337 positions them as a leader in the development of innovative wallet solutions, and we can expect to see more exciting advancements in the near future.
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