Benefits of using Smart contracts over EOA

ERC 4337 account abstraction would allow users to take advantage of the power and flexibility of smart contracts while still maintaining the security and ease of use of EOAs. Here are some of the key benefits of ERC 4337 account abstraction:

  • Improved security: Smart contracts can be programmed to implement a variety of security features, such as multi-signature authorization and social recovery. This would make it more difficult for hackers to steal users' funds.

  • Enhanced functionality: Smart contracts can also be programmed to implement additional functionality, such as the ability to automatically pay gas fees or to execute transactions based on certain conditions. This would make it easier for users to interact with the Ethereum compatible network and to use more complex decentralized applications (DApps).

  • More user-friendly experience: Account Abstraction would allow users to interact with the Ethereum network without having to manage their own private keys or to worry about gas fees. This would make the Ethereum network more accessible to a wider range of users.

  • More control over transactions: Smart contracts also have more control over transactions, checking for scam and phishing before initiating a transactions, Bundling / Batching on multiple transaction, gas payment in ERC-20 tokens, gas-less transactionf or users and much more.

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