W3Smart Wallet stands out as a wallet dedicated to blockchain gamings. We expect to make Web 3 gaming an exciting experience for users and make the move to web 3 easier for developers. Here are a few things that make W3Smart Wallet different.
W3Smart Wallet vs. EOA Wallet
W3Smart Wallet is a smart contract wallet. This means we use contract accounts while EOA wallets only support externally-owned accounts. Thus, W3Smart Wallet offers added flexibility and security not found in EOA Wallets.
Ethereum and other EVM networks have two account types:
- Externally-owned account (EOA): account controlled by private key, used in traditional wallets like Metamask. With an EOA wallet, once the private key or the seed phrase is lost, there will be no way for you to regain control of your assets.
- Contract Account (CA) – each account is actually a smart contract deployed to the network, controlled by code. No private key needed.
W3Smart Wallet uses CA, which enables us to create a secure and user-friendly control logic in contract code. In W3Smart Wallet, users can enjoy a wide variety of features designed to enhance UX such as social recovery of account (no more seed phrase yay), gas fee payment in arbitrary tokens, optimizing gas fees by batching transactions, daily spending limit on the account, and more.
We provide here a feature comparison between W3Smart Wallet and other EOA wallets.
| EOA wallet | W3Smart Wallet | |
|---|---|---|
| Root privilege | Private key | Smart contract code |
| Single point of failure | Private key | None |
| Interact with DApps | ✓ | ✓ |
| On-Ramp Fiat | ✓ | ✓ |
| Multi-signature | × | ✓ |
| Social Recovery | × | ✓ |
| Lock Protection | × | ✓ |
| Batches Transaction | × | ✓ |
| Whitelist Addresses | × | ✓ |
| Spending Limit | × | ✓ |
| Gas Payment | Only native token | Supports arbitrary tokens |
| UX | Unfriendly | Intuitive |
W3Smart Wallet vs. other smart contract wallets
The W3Smart Wallet security mechanism protects users' assets with multiple layers of security.
We use a security system that protects users' assets by using multiple levels of security. Users have full control over their security options, such as being able to recover their accounts using Seed-phrase-FREE, being able to freeze and unlock accounts in an emergency, being protected by trusted Guardians and Whitelist addresses, and setting daily transaction limits. The user's funds are always safe, since there is no way for someone to access them without permission.
W3Smart Wallet has a single account address that is used on all the different blockchains.
The W3Smart Wallet allows users to use the same address on different Ethereum-based chains. This means that they can use the same address on Ethereum, its two layer chains which are Arbitrum One, Optimism, and other Ethereum-based chains including Binance Smart Chain, Avalanche, Polygon, Fantom, etc.
W3Smart Wallet allows users to pay for transactions with any supported token.
W3Smart Wallet allows users to pay for the gas fee for their transactions using any arbitrary supported token. This feature is possible through the Paymaster mechanism, which allows them to pay the gas fee for users as well. This results in a much easier user experience.
W3Smart Wallet aims to become a blockchain multi-service multi-chain super application.
W3Smart Wallet brings practical values to many audiences:
- For Bussiness partner: W3Smart Wallet has one more robust infrastructure platform that includes an Account Abstraction wallet can help onboard Web2 users easily and multichain support, SDKs for game development,
- For DApps: W3Smart Wallet has one more dApp Staking Portal. DApps owner might benefit from the new wave of user entrants that Account Abstraction technology brings
- For Vendors: W3Smart Wallet has one more channel to promote and sell crypto assets, making it easy to convert familiar Web2 to Web3 players. Has a toolkit (Unity, Unreal SDK for Web3) that helps traditional vendors to integrate easily into Web3 environments
- For Users: W3Smart Wallet is an easy-to-use wallet via social network acc, gas fee reduction with batch transaction features, multi-level support for security corresponding to users' familiarity with Web3. Because the wallet supports multichain, users only need 1 account for many chains
