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Account Abstraction Update: Safe Core Setting the Standard?
Osgur Murphy O Kane
Key Takeaways
6 min read
  • Safe Core Protocol aims to drive the adoption of smart accounts on the EVM through a shared standard. Any wallet provider can adopt and contribute to the standard.
  • A standard like this is required to drive smart accounts from the periphery and increase their security, composability, and interoperability with each other.
  • Safe Core is also the backbone for the recently launched Gnosis Pay which includes a Visa card linked to a user's self-custodial crypto wallet.

Safe Core Protocol

Safe has developed a core standard for smart accounts - blockchain accounts that can have arbitrary logic implemented within. The benefits of smart accounts are discussed in various pieces about account abstraction - you can read Nansen’s brief on account abstraction here. In short, smart accounts can have arbitrary functionality implemented into them. This opens up a world of possibilities, including:

  • Social recovery
  • Wallet security measures e.g. daily tx limits
  • Batched transactions
  • Plug-ins
  • Session keys
  • Intents...