If you’ve been exploring decentralized finance for a while now, you’ll have actually come across projects offering “account abstraction” at some point or the other. If you haven’t, give it time… you will. The reason for this is simple: account abstraction is gaining much attention now. This attention is so much that many DeFi investors immediately know that putting money into a project that offers AA means you almost have a 100% chance of making serious profits.
Even the wallet provider themselves can’t help you recover that account once you lose it. Now let me ask you: In the past 5 months, how many times have you had to reset your password to any of your accounts because you forgot the old one? Wait, let’s make things clearer. According to WIRED , four out of every five persons have forgotten at least one password within the last 3 months. Now, consider the fact that you actually chose your password yourself, and you still forgot it.