The lack of user-friendliness and security in crypto wallets makes it difficult to onboard everyday users. Traditional self-custodial wallets are vulnerable to phishing and malware attacks due to their reliance on a seed phrase. Smart contract-based wallets provide a solution by incorporating custom signature verification logic and arbitrary execution logic for every transaction, allowing for enhanced security and daily spending limits. These wallets offer a seamless user experience without sacrificing decentralization or self-custody, making them a potential new standard for non-custodial crypto solutions.
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