Ethereum developers have introduced a new software feature known as "EntryPoint" that enables crypto wallet accounts to operate as smart contracts. The primary goal of this release is to improve the user experience of wallets by facilitating complex tasks such as automated payments and adding recovery methods, which are currently unavailable.

Following a thorough security audit conducted by security firm OpenZeppelin, EntryPoint was launched on Wednesday and is now accessible on blockchain networks, including Ethereum, Polygon, Optimism, Arbitrum, BNB Chain, Avalanche and Gnosis Chain.

With the help of EntryPoint, wallet apps will be able to achieve what's called "account abstraction," a mechanism that will let wallets handle complex tasks automatically without requiring users to interact with the Ethereum blockchain.