Understanding ERC-1271 - Standard Signature Validation
Externally Owned Accounts (EOA) can sign messages or transactions with their associated private keys but currently contracts cannot. This ERC implements a standard way for the contracts to verify whether a signature on a behalf of a contract is valid this allows contracts to sign messages with the implementation of isValidSignature(hash, signature) function on the signing contract. Motivation There are many contracts that want to utilize signed messages for validation of rights-to-move assets or other purposes....