OKX Wallet has unveiled its innovative Smart Account feature, leveraging account abstraction technology to streamline blockchain transactions. This upgrade allows users to pay gas fees in stablecoins (USDT and USDC) across multiple blockchains, eliminating the need for native tokens.
Key Features of Smart Account
- Multi-Chain Gas Payments: Pay transaction fees on Ethereum, Polygon, Arbitrum, Optimism, BNB Chain, Avalanche, and OKT Chain using stablecoins.
- Simplified Transactions: Combine contract interactions into a single step, reducing complexity for beginners and enhancing efficiency for advanced users.
- Upcoming Social Recovery: Future updates will introduce a guardian-based recovery system for lost keys.
Jason Lau, OKX Chief Innovation Officer:
"Account abstraction is pivotal for Web3 adoption. Smart Account merges security with usability, making blockchain interactions intuitive."
How Smart Account Enhances User Experience
Gas Fee Flexibility
- Stablecoin Payments: Use USDC/USDT for gas on any supported chain.
- Sponsored Transactions: dApps can cover gas costs for users.
- No Native Tokens Required: Avoid holding multiple chain-specific tokens.
Streamlined Operations
- 1-Click Swaps & Staking: Execute trades and stake assets in a single action via OKX’s integrated DEX.
- Unified Interface: Smart contracts and EOAs merge into one account, hiding technical jargon like "Gwei."
Haider Rafique, OKX CMO:
"Interoperability is core to our wallet. With 60+ cross-chains and MPC security, Smart Account redefines seamless multi-chain transactions."
Supported Blockchains and Security
OKX Wallet integrates account abstraction across 7 networks and utilizes MPC technology (splitting private keys) for enhanced security on 37 blockchains.
👉 Explore OKX Wallet’s Multi-Chain Features
FAQ
Q: Which blockchains support Smart Account?
A: Ethereum, Polygon, Arbitrum, Optimism, BNB Chain, Avalanche, and OKT Chain.
Q: Can I recover my Smart Account if I lose access?
A: Soon, yes! The upcoming social recovery feature will let you designate trusted guardians.
Q: Are gasless transactions possible?
A: Yes, if a dApp sponsors the transaction.
About OKX
A leader in Web3, OKX offers:
- OKX Wallet: MPC-secured, multi-chain access.
- NFT Marketplace: Zero-fee, multi-chain listings.
- DeFi Platform: Staking across 80 protocols.
Partnered with Manchester City F.C. and McLaren Racing.
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Disclaimer: This content is educational. Always conduct independent research.
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