Ethereum developers deploy “EntryPoint” to let wallets operate as smart contracts

Ethereum developers have introduced a new software feature known as “EntryPoint” that enables crypto wallet accounts to operate as smart contracts. The primary goal of this release is to improve the user experience of wallets by facilitating complex tasks. EntryPoint has been released in accordance with the ERC-4337 standard, incorporating the ability to add features to wallet apps such as automatic payments and two-factor authentication recovery options. Following a thorough security audit conducted by security firm OpenZeppelin, EntryPoint was launched on Wednesday and is now accessible on blockchain networks, including Ethereum, Polygon, Optimism, Arbitrum, BNB Chain, Avalanche and Gnosis Chain.