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OKX proposes modular smart account ERC-7579 standard

OKX announced its partnership with Biconomy, ZeroDev, and Rhinestone to officially propose the ERC-7579 standard. This standard simplifies and unifies modular intelligent account management technology, aiming to help developers customize functions for Web3 wallet users more conveniently and improve user experience. By introducing the ERC-7579 standard, a minimal and standardized method is provided for developers to handle modular intelligent accounts and improve interoperability between different wallet service providers. This reduces fragmentation in the intelligent account community and promotes a more integrated blockchain ecosystem. In addition, the ERC-7579 standard also paves the way for a "module store," allowing any developer to create modules compatible with different intelligent accounts, opening up endless possibilities for the field of Web3 wallets and related solutions. It is understood that OKX is an important innovator in the field of account abstraction and officially launched the AA intelligent contract account on August 1, 2023, allowing OKX Web3 wallet users to pay gas with USDC or USDT. In the future, OKX's AA intelligent contract account will introduce more features, such as social recovery, so that even if a user loses their private key, they can select trusted "guardians" from their social network to assist in recovering control of their account.

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