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Glossary

Authentication

November 21, 2023 - Around 3 mins mins to read

Understanding Authentication

Authentication is the process of verifying a user’s access level to an account, platform, or private space. Typically, users are identified by a user ID, and authentication occurs when the user provides a credential, such as a password, that matches the user ID. The most common form of authentication is through the use of a password, which is known as a knowledge authentication factor as it should only be known to the user.

Except for guest accounts, auto logged-in accounts, and kiosk computer networks, most human-to-computer interactions involve some form of user authentication. To gain access to a system, a user must first choose a username or user ID and enter a valid password. User authentication is used to authorize interactions between humans and machines in operating systems, applications, wired and wireless networks, granting access to network resources, internet-connected devices, and applications.

Many organizations employ authentication methods to verify users who connect to their websites. Without proper security measures, user data such as credit card information, debit card information, and social security numbers (SSN) can be compromised by hackers.

Authentication is also used to identify and control a user’s access to corporate networks, computers, servers, and sensitive digital resources. Businesses also use authentication to provide secure access to their applications and networks for remote personnel.

Enhanced security can be achieved by incorporating additional authentication elements into the verification process. A protocol that uses at least two factors, each of a different type, is typically considered strong. This is commonly known as two-factor authentication (2FA).

Many organizations and exchanges encourage users to use two-factor authentication to protect their account data, especially in the realm of cryptocurrency. Unlike traditional bank accounts, there is no fraud protection or method for recovering stolen assets if a crypto account is hacked. While setting up two-factor authentication may require some effort, the added layer of security is well worth it.

Blockchain authentication refers to systems that authenticate users’ access to resources on multiple blockchains. Public key cryptography (PKC) is used by the blockchain to secure wallets or areas where currency or sensitive data is stored. As a result, there are interesting similarities between blockchain technology and its security. Identity and access management (IAM) tools for blockchain often include cryptocurrency wallets as a primary feature, although this may affect the user experience (UX) and user interface (UI).

It is important to note that cryptography experts and blockchain developers often have common interests, making blockchain developers essential to the security and innovation landscape.

In the early days of Bitcoin adoption and blockchain use cases, there was a need for technology modernization to enable the wider public, with limited technical knowledge, to use these technologies without compromising privacy and security. Password-protected wallet applications with advanced authentication protocols were developed in response to this need. The development of a genuine password-less interface in digital currency wallets and blockchain apps will address this issue and attract more individuals to the next phase of these technologies’ development and real-world use cases.

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Coincu

Glossary

Authentication

Understanding Authentication

Authentication is the process of verifying a user’s access level to an account, platform, or private space. Typically, users are identified by a user ID, and authentication occurs when the user provides a credential, such as a password, that matches the user ID. The most common form of authentication is through the use of a password, which is known as a knowledge authentication factor as it should only be known to the user.

Except for guest accounts, auto logged-in accounts, and kiosk computer networks, most human-to-computer interactions involve some form of user authentication. To gain access to a system, a user must first choose a username or user ID and enter a valid password. User authentication is used to authorize interactions between humans and machines in operating systems, applications, wired and wireless networks, granting access to network resources, internet-connected devices, and applications.

Many organizations employ authentication methods to verify users who connect to their websites. Without proper security measures, user data such as credit card information, debit card information, and social security numbers (SSN) can be compromised by hackers.

Authentication is also used to identify and control a user’s access to corporate networks, computers, servers, and sensitive digital resources. Businesses also use authentication to provide secure access to their applications and networks for remote personnel.

Enhanced security can be achieved by incorporating additional authentication elements into the verification process. A protocol that uses at least two factors, each of a different type, is typically considered strong. This is commonly known as two-factor authentication (2FA).

Many organizations and exchanges encourage users to use two-factor authentication to protect their account data, especially in the realm of cryptocurrency. Unlike traditional bank accounts, there is no fraud protection or method for recovering stolen assets if a crypto account is hacked. While setting up two-factor authentication may require some effort, the added layer of security is well worth it.

Blockchain authentication refers to systems that authenticate users’ access to resources on multiple blockchains. Public key cryptography (PKC) is used by the blockchain to secure wallets or areas where currency or sensitive data is stored. As a result, there are interesting similarities between blockchain technology and its security. Identity and access management (IAM) tools for blockchain often include cryptocurrency wallets as a primary feature, although this may affect the user experience (UX) and user interface (UI).

It is important to note that cryptography experts and blockchain developers often have common interests, making blockchain developers essential to the security and innovation landscape.

In the early days of Bitcoin adoption and blockchain use cases, there was a need for technology modernization to enable the wider public, with limited technical knowledge, to use these technologies without compromising privacy and security. Password-protected wallet applications with advanced authentication protocols were developed in response to this need. The development of a genuine password-less interface in digital currency wallets and blockchain apps will address this issue and attract more individuals to the next phase of these technologies’ development and real-world use cases.

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