Key Points:
Read more: Top 5 Meme Coins On Aptos Ecosystem With Potential in 2024
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.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Analysts highlight a breakout alert as Shiba Inu (SHIB), and Dogecoin show signs of recovery…
SEC Chair Gary Gensler will step down on January 20, 2025, coinciding with President-elect Donald…
The MicroStrategy convertible notes offering, initially set at $1.75 billion, was increased to $2.6 billion…
Discover why Qubetics, Cosmos, and Chainlink are the best cryptos to buy in November 2024.…
Best Cryptos to Buy in December 2024: Qubetics ($TICS) presale explodes, Ethereum (ETH) eyes a…
Palo Alto, California, 21st November 2024, Chainwire
This website uses cookies.