LIVEWhat Does VeChain’s Move Mean?
Altcoin VeChain explained that the Account Abstraction upgrade allows investors to program their Blockchain accounts and crypto wallets through smart contracts instead of traditional manual signatures, and this upgrade will increase security and utility. The details of the statement made by VeChain are as follows:
“Account abstraction is reshaping our thoughts about Blockchain accounts and making them programmable through smart contract wallets. At its core, account abstraction is about improving the user experience and security on the Blockchain.
AA moves away from traditional externally owned accounts (EOAs) towards a more flexible, programmable approach. EOAs have been standard for Blockchain interactions and require manual transaction and management through a public-private key pair. Smart contract wallets abstract the transaction signing process, improving the user experience and making Blockchain interactions smoother and more intuitive.