A smart contract wallet is a wallet controlled by smart contract logic instead of only a simple private key account.
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Short definition
Smart Contract Wallet is a smart contract wallet is a wallet controlled by smart contract logic instead of only a simple private key account.
Simple explanation
Smart contract wallets can support advanced features such as multisig, spending rules, social recovery, or account abstraction.
Why it matters
They expand wallet design beyond basic externally owned accounts, but contract logic also creates different risks.
Example context
A smart contract wallet may require multiple approvals before funds can move.