Back Icon Image
News list

Privy Releases New Feature Simplifying Account Abstraction, Helping Developers Easily Create Smart Wallets

Article is form followin
September 19, 2024
This article is translated by ChatGPT Show original
Back Icon Image

PANews: Privy Simplifies Account Abstraction for Web3 Development

On September 19th, PANews reported that Privy, a Web3 identity authentication and private key management tool, launched new features to streamline Account Abstraction (AA). This simplifies the process for developers to automatically create smart wallets for users.

These wallets, based on the ERC-4337 standard, support features like transaction batching and gas sponsorship. Developers can choose providers such as ZeroDev, Safe, Biconomy, or Alchemy and register a paymaster. Privy will then automatically generate a smart contract wallet, enabling users to use it without the complexities of public key encryption.

Privy collaborates with multiple ERC-4337 providers and supports future standards like permissioned keys and smart account discovery.

Back Icon Image
Source
1. Disclaimer: The views expressed are solely those of the author and do not reflect the stance of Gen3. They are not intended as investment advice.
2. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as investment or other advice.