EIP-1271 Enables Advanced Smart Contract Transactions

By CoW DAO
Feb 2, 2024, 2:02 AM
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EIP-1271 (also known as ERC-1271) is an Ethereum improvement that allows smart contracts to validate signatures and sign messages.​ This upgrade unlocks advanced functionalities like intent-based trading, off-chain order books, authentication for web3 applications, and more.​ ERC-1271 provides a standard way for smart contracts to verify signatures, enabling them to trade on decentralized exchanges and perform gas-less transactions.​ Additionally, it enables the creation of conditional orders, advanced order types, and custom order logic for programmatic orders.​ ERC-1271 is an important development in Ethereum that expands the capabilities of smart contract trading.​

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