👉 Wallet computing is an innovative approach to managing and executing financial transactions that leverages the power of blockchain technology and smart contracts. In this model, users maintain a digital wallet that holds not just their funds but also the smart contracts and transaction data necessary to execute financial operations autonomously. When a user initiates a transaction, the smart contract on the blockchain automatically verifies the conditions and executes the transaction without requiring manual intervention. This eliminates the need for intermediaries, reduces transaction costs, and enhances security by ensuring that transactions are immutable and transparent. Wallet computing thus empowers users with greater control over their financial assets while streamlining the process of conducting peer-to-peer transactions and managing investments.
