KEYID ETH Contracts introduction

Overview

MYKEY is a decentralized smart wallet, which means MYKEY account is a smart contract, rather than an EOA address. This highly improves security and usability. MYKEY has 3 main characteristics:

  • Separated permissions. Various action permissions(like transferring asset, account management, etc.) are owned by separated multiple keys.

  • Recoverable account. All keys of MYKEY account are replaceable. In extreme cases when all keys are lost, one can still recover his/her account with the assist of emergency contacts.

  • Meta-transaction. MYKEY users don't need to care about gas price or gas limit. All transactions are delivered by "postman" accounts with meta-transaction mechanism

MYKEY smart contracts can be divided by function into 4 main modules: Account Module, Account Storage Module, Logic Management Module and Logic Module.

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