Contract Wallet
Create a contract wallet for yourself.
We simply defined the differences between Hot Wallet, Cold Wallet, and Contract Wallet.
Type
Externally Owned Account (EOA)
Externally Owned Account (EOA)
Contact Account (CA)
Private Key
โญ๏ธ
โญ๏ธ
โ
Cross-Chain
โญ๏ธ
โญ๏ธ
โ
Usage
Frequent interactions in various Web3 applications often involve signing or authorize to third-party applications.
Does not connect to the internet, does not sign, does not authorize; only sends transactions and receives assets.
Stores various commonly used assets, DeFi tokens, and provides funds to the hot wallet when needed.
Mistaken Authorization
Authorized assets will be stolen.
Authorized assets will be stolen.
Even if the owner's EOA wallet has mistakenly authorized, it will not have any impact on the CA wallet.
Private key leaked
Assets stolen.
Assets stolen.
Even if the owner's EOA wallet private key is leaked, users still have a chance to transfer control before hackers discover the CA wallet, thereby keeping their assets.
In summary, the Contract Wallet should be your real Hot Wallet, while your Hot Wallet acts more like a Proxy. When the Proxy encounters security risks, please replace it promptly to ensure the safety of your commonly used assets.
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