Coinbase: Introducing Smart Wallet, a new era of crypto wallets has arrived

Author: Coinbase Product

Compiled by: Xiaobai Navigation coderworld

Coinbase IntelligencewalletA new chapter for Coinbase Wallet, simplifyingBlockchainIt revolutionizes the on-chain experience by simplifying onboarding, eliminating network fees, and removing recovery phrases. It provides seamless gas-free transactions and portability across applications, aiming to bring more than 1 billion users toBlockchainworld.

At Coinbase, we have always envisioned a world where everyone can seamlessly participateBlockchain世界的未来。今天，我们推出了自我托管钱包的全新升级版。智能钱包是我们实现将超过 10 亿用户带上区块链这一目标的重要突破。这些新一代钱包解决了当前cryptocurrencyThe biggest pain points in the experience — complicated onboarding, network fees, and recovery phrases — have been resolved, making the transition to blockchain smoother than ever before.

Smart Wallet provides a simple, fee-free on-chain experience. This simplicity, combined with multi-chain support and integration with major applications, makes using blockchain as easy as logging into your favorite website. Until now, the on-chain process has been slow, expensive, and difficult, requiring the installation of a separate wallet application and using first-generation blockchain technology. The ease of use of Smart Wallet, combined with next-generation Layer 2 networks such as Base, finally lays the foundation for more people to on-chain. Now, on-chain is simple, fast, and cheap.

For existing Coinbase Wallet users, we will be building migration tools into the Coinbase Wallet app and supporting Smart Wallets in the coming months.

Smart wallet makes blockchain easy

Smart Wallet allows users to create a free,SafetyThey simplify the onboarding process, reduce the number of transactions that need to be signed, and seamlessly allow you to use your Coinbase balance on-chain. No more having to top up gas fees or carry wallets between apps. With Smart Wallet, new users will be able toMinting NFTs, in decentralizationexchangeTrade or diversify your investments through DeFi applications. Users can enjoy a smooth and intuitive experience without sacrificing self-custody orSafetysex.

Key benefits of Coinbase Smart Wallet include:

• Easy to get started: Create a new wallet and get started in seconds without leaving the app you want to use and without having to deal with recovery phrases, apps or extensions. Use facial recognition, Google Chrome profile, fingerprint or Yubikey to get started instantly.

• Easy on-chain payment: Pay with your self-custodial wallet balance or Coinbase account balance and never get an “insufficient balance” error again.

• Cross-applicationportability: Bring your wallet, identity, and balance to thousands of popular on-chain applications.

• waivedGas fee transaction: Developers can choose to provide a gas-free experience and sponsor transactions for clients through payment proxy integration.

In addition, Coinbase also provides aCompanion web app, including functions such as asset and identity management, purchase, send, exchange, NFT and transaction history, which will become the main platform for smart wallet users to manage their wallets.

At launch, Smart Wallet will support most leading on-chain applications, with plans to add more support in the future. Smart Wallet will support 8 networks (Base, Ethereum, Optimism, Arbitrum, Polygon, Avalanche, BNB, Zora), with plans to add more support in the future.

Developers: Integrate Smart Wallet into your app to get started faster

Currently, on-chain application developers lose many new users when users leave the application to install and fund a separate wallet. Smart Wallet can be accessed directly through any browser, eliminating the need for application or extension installation. Other key improvements includePay the proxy sponsor gas fee, batch transactions, and pay directly with your Coinbase account. We are pioneering new industry standards to enable direct communication between applications and wallets, facilitate the use of payment agents, and support batch transactions without API integration (EIP-5792). We expectThis powerful set of featuresIt will significantly increase conversion rates.

Coinbase Smart Wallet is now live, and developers are encouraged to integrate orUpdate their SDK, providing users with an excellent on-chain experience. In addition, integrating the Smart Wallet is very simple and requires only a few lines of code at most. The Smart Wallet has been integrated in all popular wallet libraries and aggregators, including WAGMI, Web3Modal, Privy, Dynamic, and Rainbowkit. Developers can update the existing Coinbase Wallet SDK, ensuring minimal disruption and a smooth transition.

There are several important reasons for developers to integrate or upgrade Smart Wallet today:

• Obtaining Basegas Points: Developers canBase Gasless EventEnjoy up to $15,000 in gas credits with zero transaction fees for sponsored users.

• Win ETH on Base:joinBase BuildathonDevelopers have the opportunity to win ETH on Base in 8 different tracks. In addition, there is an additional 40 ETH reward pool for developers who successfully integrate smart wallets and other Coinbase features.

• Participate in Onchain Summer：By integrating smart wallets, developers canOnchain SummerDuring this time, they can showcase their projects, gain visibility and attract a wider user base.

What's next?

Our smart wallet has achieved significant breakthroughs in the areas of self-custody and on-chain transactions.By solving the main problems of traditional self-custodial wallets and providing seamless,SafetyWith a user-friendly experience, smart wallets are expected to revolutionize our use of blockchainXiaobai NavigationInteractive method.We’re excited to see developers and users take advantage of this groundbreaking new approach and believe the simplified onboarding experience will drive widespread adoption.

Don't forget: this summer, we will Onchain Summer Celebrate together. All participants of Onchain Summer will have the opportunity to experience the speed and convenience of on-chain. We encourage developers to Onchain Summer Project, will have the opportunity to present their work later in July.

The article comes from the Internet:Coinbase: Introducing Smart Wallet, a new era of crypto wallets has arrived

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