Understanding Wallet Types: EOAs, Smart Contract Wallets, and MPCs

🔐 Wallet Wars: The Guide

By RLY Network Association
Feb 24, 2025, 6:43 PM
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A comprehensive guide exploring three main types of crypto wallets:

  • EOAs (Externally Owned Accounts): Traditional cryptocurrency wallets controlled by private keys
  • Smart Contract Wallets: Programmable accounts with advanced security features and recovery options
  • MPC (Multi-Party Computation): Distributed key management systems for institutional-grade security

Each wallet type serves different needs:

  • EOAs for simplicity and direct control
  • Smart Contract Wallets for enhanced features and security
  • MPCs for enterprise-level security requirements

Read the full comparison

Sources

What are EOAs? Smart Contract Wallets? "MPCs"?! Our article will shed light on each, and explains who should use which one.

RallyProtocol
RallyProtocol
@rallyprotocol

EOAs vs. Smart Accounts vs. MPCs: Choosing the Best Embedded Wallet for Your Mobile dApp in 2025 It's a long title and I'm almost out of characters for this tweet, so here's the link: blog.rallyprotocol.com/eoas-vs-smart-…

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