Smart Wallets
A smart contract wallet is a wallet managed by a contract account instead of an EOA (Externally Owned Account). A smart contract wallet or a programmable wallet is a digital wallet governed by predefined rules programmed into a smart contract. This type of wallet operates on a blockchain platform, which makes it secure, transparent, and immutable.
Why Polynomial uses smart wallet
A smart contract wallet can potentially help polynomial trade in several ways:
Security: A smart contract wallet can offer a higher level of security than a traditional wallet. A smart contract wallet is programmed to execute transactions automatically according to pre-defined rules, making it resistant to hacking or other security breaches.
Advanced orders: Smart contract wallets can help Polynomial trade to provide advanced orders like limit orders, stop loss orders, SL, TP, and more. The possibilities are endless.
Transparency: The use of smart contract wallets can increase transparency in the perp exchange, as all transactions are recorded on the blockchain and can be easily audited. This can help build trust among users and increase confidence in the platform.
Overall, a smart contract wallet can help improve the security, efficiency, and transparency of Polynomial trade, leading to a better user experience and increased adoption of the platform.
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