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- 🎉 Hey Gate Square friends! Non-stop perks and endless excitement—our hottest posting reward events are ongoing now! The more you post, the more you win. Don’t miss your exclusive goodies! 🚀
🆘 #Gate 2025 Semi-Year Community Gala# | Square Content Creator TOP 10
Only 1 day left! Your favorite creator is one vote away from TOP 10. Interact on Square to earn Votes—boost them and enter the prize draw. Prizes: iPhone 16 Pro Max, Golden Bull sculpture, Futures Vouchers!
Details 👉 https://www.gate.com/activities/community-vote
1️⃣ #Show My Alpha Points# | Share your Alpha points & gains
Post your - 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
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Show your limitless creativity with Gate Blue!
📅 Event Period
August 11 – 20, 2025
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1. Post your original creation (image / video / hand-drawn art / digital work, etc.) on Gate Square, incorporating Gate’s brand blue or the Gate logo.
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4. Submissions must be original and comply with community guidelines. Plagiarism or re
Web3 Wallet 2.0: Innovation, Challenges and 5 Key Issues
The Future of Web3 Wallets: Innovation, Challenges, and Key Issues
Web3 wallet is experiencing rapid development, evolving from the early Wallet 1.0 to the more advanced Wallet 2.0. This article delves into the current innovations in the Web3 wallet space, the challenges it faces, and the key issues that need to be considered for future development.
The Current State of Web3 Wallets
Currently, Web3 wallets are mainly divided into two categories: custodial wallets and non-custodial wallets. Non-custodial wallets can be further subdivided into EOA wallets, smart contract wallets, and MPC wallets. Although progress has been made, the current Wallet 1.0 still faces some challenges, such as difficulty for ordinary users to understand and use, complex login processes, and the risk of losing private keys.
Innovations Brought by Account Abstraction
The emergence of account abstraction (AA) has brought significant advancements to Web3 wallets. The ERC-4337 standard implements protocol-level account abstraction, introducing new features such as social recovery, atomic multi-operations, and ERC20 token payment for gas fees, greatly enhancing the user-friendliness and functionality of wallets.
The Development Prospects of Wallet 2.0
Wallet 2.0 is leveraging new technologies such as AA to address the current limitations of wallets. Some emerging Wallet 2.0 projects like Castle and Soul Wallet are building the next generation of wallet solutions. However, to achieve widespread adoption, Wallet 2.0 still needs to overcome some challenges.
Assessing the 5 Key Questions of Wallet 2.0
Is this a good business? The sustainability of the business model needs to be considered.
Is it possible to provide a solution that is ten times better than the existing one? The substantiality of technological improvements needs to be assessed.
How to establish a sustainable competitive advantage? Consider unique distribution channels, viral marketing, etc.
Is it possible to find a distribution angle for existing products? Consider collaborating with exchanges or DeFi protocols.
What are the key assumptions required for success? Factors such as technical feasibility and user adoption need to be evaluated.
Potential Risks and Limitations
Wallet 2.0 still faces some potential risks and limitations, including:
Conclusion
Wallet 2.0 represents the future development direction of Web3 wallet and is expected to fundamentally change the way digital assets are stored and managed. However, to achieve widespread adoption, developers still need to address many challenges, including improving user experience, enhancing security, and achieving cross-chain interoperability. With continuous technological advancements, it is believed that Wallet 2.0 will become an indispensable infrastructure in the blockchain ecosystem.