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As Vitalik has said, "Account abstraction has for a long time been a dream of" Ethereum devs. StarkNet has it from Day 1. Here's our co-Founder on Argent X, the 1st StarkNet wallet, & why it matters. In short: - Better UX - Better security
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So, with every account being a contract account, what can you do? You can build custom logic to help users. E.g. Fraud monitoring - Require two signatures for txn approval - 1 signature comes from an external service that monitors trusted Dapps, addresses, daily limits etc
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The fraud monitoring service could detect if you're mistakenly interacting with a malicious Dapp trying to drain your account. It would automatically block the txn. Or if it's a Dapp it doesn't know, it could ask you to confirm you really want the txn to proceed.
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For more on this, here's a great thread from a community member:
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Watching yesterday's @StarkWareLtd community call, I had an light bulb moment 💡 Let me explain: You see, unlike Ethereum, Starknet has only a single account type - a contract. This is called Account Abstraction, something Ethereum has been striving for as well.
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You can also buy crypto on L2, or deposit from mm. Big exchanges are also adding support for L2 next year.
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