Particle Network
An overview of Wallet-as-a-Service solutions and their many advantages.
Last updated
An overview of Wallet-as-a-Service solutions and their many advantages.
Last updated
Wallet-as-a-Service represents a fundamental shift in how users, especially non-Web3-natives, onboard and interact with decentralized applications. Wallet-as-a-Services leverages non-custodial key management mechanisms to facilitate account creation through familiar social accounts, upon which interaction with these accounts happens through an interface embedded within an application. Onboarding users through traditional means (OAuth) and then keeping on-chain interactions confined within a given application, rather than requiring extension downloads or external applications, enables a user experience (UX) flow that feels familiar and natural to end-users.
The resulting account from this novel onboarding process is generally an Externally-Owned-Account (EOA). However, some Wallet-as-a-Service providers, such as Particle Network, use these EOAs as signers (owners) for smart accounts, thus bringing the power of account abstraction directly to accounts generated via WaaS, further increasing the possibilities for powerful UX.
