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Avery Ching, co-founder and CTO of Aptos Labs, unveiled this innovative approach, explaining that Aptos passkey authentication validates transactions using passkey signatures and public keys.
Traditionally, crypto wallet users generate lengthy private keys, secured with passwords. However, forgetting this password can lead to loss of wallet access unless the key is stored elsewhere. With Aptos passkey authentication, users can log in using Touch ID or Face ID, simplifying the process akin to Apple Pay or Google Pay.
Ching emphasized the user-friendliness of passkeys, enabling direct storage of private keys on devices and synchronization with backup providers like iCloud or Google Password Manager. Unlike competitors who store private keys on external systems, Aptos system maintains user control by storing keys on their devices.
This in-house-built passkey authenticator, developed after ideation in early 2023, currently operates within the Aptos ecosystem but is open-sourced for wider adoption. Aptos leveraged the WebAuthn standard and public-key cryptography for its development.
The Aptos passkey authentication system marks a significant advancement in blockchain technology, offering a secure and convenient alternative to password-based transactions.
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