Account abstraction could change how institutions interact with Ethereum — Safe co-founder
On Episode 21 of Cointelegraph’s podcast, Elisha Owusu Akyaw talks to Lukas Schor, co-founder and head of ecosystem at decentralized custody protocol, Safe. Schor breaks down how account abstraction is an overhaul of regular asset management processes and an improvement to existing wallet recovery options.
Safe Wallet leverages smart account features to create more “accessible” and “easy to use” wallets which Schor argues is important for onboarding institutions. Safe provides a user experience where multiple keys control a single account. Users can decide how many keys are needed for various tasks like interacting with decentralized applications or sending other types of transactions, a feature Schor calls a “huge security advantage.“