Magic links, multiparty computation and other new tech may make wallets more user-friendly and secure than ever before.
) and tokens from these networks. It also allows users to send crypto using .kresus domain names instead of crypto addresses.
Immutable recently implemented Passport as the default login method for its developer portal, and they plan to use it for at least one game’s login page by summer 2023, the team said.The Magic SDK does contain one known security flaw, which developers have taken steps to mitigate. Because it relies on email tokens to authenticate a user, an attacker can potentially gain access to a user’s HSM by hacking into their email account and then requesting to authenticate from the attacker’s own device.
The first share is stored on their device, the second is stored by the Web3Auth network through a login provider, and the third is a backup share that should be stored on a separate device or offline. The third share can also be generated from security questions if the user prefers. Speaking to Cointelegraph, Web3Auth CEO Zhen Yu Yong argued that the transition to using multiple key shares in Web3 is similar to the evolution of 2FA on Web2 sites, stating:
The Dfns nodes use a protocol called “WebAuthn” to verify that a user has authorized a transaction. This protocol was created by the World Wide Web Consortium to allow users to log into websites without a password. On Dfns, the nodes are programmed only to sign a transaction with their shard if the end-user has authenticated using this protocol.
However, the team has begun to attract more business-to-consumer wallet providers recently. The retail crypto savings app SavingBlocks uses Dfns, and the company is in talks with a couple of decentralized exchanges to help create wallets for their customers as well, she said.
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