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W3Smart Wallet vs. Other Wallets

There are numerous ways to distinguish W3Smart Wallet from the majority of other wallets. (including EOA wallets and other smart contract wallets)

W3Smart Wallet vs. EOA wallets​

Ethereum and other EVM networks have two account types:

  • Externally-owned account (EOA) – a traditional wallet like Metamask, controlled by private key.
  • Contract Account (CA) – a smart contract deployed to the network, controlled by code. No private key.

To date, most created accounts fall under the category of EOAs. With an EOA wallet, you need to take care of the private key or the seed phrase - the relatively more human-readable equivalent. When the private key or the seed phrase is lost, there will be no way for you to regain control of your assets

Unlike most wallets, W3Smart Wallet uses CA, which means that each user account is actually a smart contract. This 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 logging in without having to note down a seed phase, social recovery of account, gas fee payment in arbitrary tokens, optimizing gas fees by batching transactions, daily spending limit on the account, and more.

Below is a summary of the differences between W3Smart Wallet and EOA wallets.

EOA walletW3Smart Wallet
Root privilegePrivate keySmart contract code
Single point of failurePrivate keyNone
Interact with DApps✓✓
On-Ramp Fiat✓✓
Multi-signature×✓
Social Recovery×✓
Lock Protection×✓
Batches Transaction×✓
Whitelist Addresses×✓
Spending Limit×✓
Gas Paymentonly native tokensupports arbitrary tokens
UXUnfriendlyIntuitive

W3Smart Wallet vs. other smart contract wallets​

W3Smart Wallet protects users' assets with multi-level security mechanism​

Protect users’ assets with a smart multi-level security mechanism. Users have full control with multiple options like Seed-phrase-FREE account recovery, Emergency account freezing and unlock, trusted Guardians and Whitelist addresses for protection, and daily transaction limits. Users’ funds are always safe with no unauthorized access.

W3Smart Wallet has unified account address across all chains​

The W3Smart Wallet’s user can enjoy the same address across all EVM-compatible chains. This means that they can use the same address on Ethereum, its layer 2 chains (Arbitrum One, Optimism, etc.), and other EVM-compatible chains (Binance Smart Chain, Polygon, Avalanche, Fantom, etc.).

W3Smart Wallet supports gas fee payment in any supported token​

W3Smart Wallet supports gas fee payment in any supported token. With Paymaster mechanism, W3Smart Wallet can allow users to use arbitrary supported tokens to pay for the gas fee or even pay the gas fee for the users, thus achieving a gasless user experience.

W3Smart Wallet focuses on improving Web3 gaming experience​

Unlike other smart contract wallets, W3Smart Wallet is a game-specific wallet.

With game studios, W3Smart Wallet brings optimal solutions for them to list and sell assets on the marketplace effortlessly. Game studios can seamlessly integrate with their current marketplace or a built-in sales place in wallet, expanding their reach to a broader audience.

With Web3 game users, W3Smart Wallet brings for them an all-in-one single account used in the wallet, games, and their marketplace. So that users can engage and play with ease, helping game studios expand their gamer community, and maximize revenue.