Fun

Aptos launches keyless wallets that use ZK-proofs to verify identities

News Feed - 2024-07-05 04:07:01

Christopher Roark4 hours agoAptos launches keyless wallets that use ZK-proofs to verify identitiesAptos Connect allows users to log in with a Google ID without needing an MPC Network, Magic Links, or Windows passkey.775 Total viewsListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksAccording to a July 3 announcement, the Aptos blockchain has launched a web-hosted keyless wallet application that uses ZK-proofs to verify users. Called “Aptos Connect,” the new wallet allows users to connect to decentralized applications using a Google login without needing hardware security modules, passkeys, or a multiparty computation network.


According to the announcement, Aptos Connect “simplifies Web3 onboarding by allowing users to create and manage Aptos blockchain accounts in 1 click with their Google login, eliminating the need for private keys and providing a seamless experience within [the developer’s] app.” It does this by using “the OpenID Connect (OIDC) standard and zero-knowledge proofs to link social logins to blockchain accounts.”Aptos connect wallet. Source: Aptos


Allowing users to log in with a Google or Apple ID is not a new idea in crypto. Several wallet protocols already do this, including Magic Labs’ “Magic Links,” Web3 Auth, and Coinbase’s Smart Wallet. However, Aptos Connect claims to provide the same convenience without requiring users to click an email link, enter a passkey, or rely on a multi-party computation network.


Related:New tech could make crypto and Web3 wallets more convenient


Instead, users simply push a “Continue with Google” button and select a Google Account to log into their wallet. Aptos claims that Apple ID integration is “coming soon,” which will provide an alternative for users that do not want to use Google.Aptos Connect app login page. Source: Aptos


According to developer documents, the new app was made possible by Aptos Improvement Protocol 61 (AIP-61), which allows transactions to be authorized through the JSON Web Tokens (JWTs) used by Google, Facebook, Apple, and other login providers. ZK-proofs are used to disguise the identity of the user and login provider. This prevents blockchain data from revealing the Google ID associated with a particular Aptos account.


In its announcement, Aptos claimed that the new wallet may help to onboard “a new generation” of crypto users:“By leveraging familiar web2 login flows, Aptos Connect makes it easier than ever for builders to onboard a new generation of users into the world of blockchain with just one click, no private keys needed.”


Aptos Connect relies entirely on the security of the user’s Google account to secure funds. For this reason, the documents warn that if a user’s Google account is hacked, they may lose their cryptocurrency: “If the OIDC account (e.g., Google) is compromised, all keyless accounts associated with that user’s OIDC account will be vulnerable.”


Even so, the documents claim that some users may be comfortable with this risk, as “all the software on the Internet” currently relies on Web2 login providers.


Over the past year, the Web3 industry has been increasing its focus on developing consumer-friendly wallets. In June, Coinbase rolled out its smart wallet application, which allows users to create a new wallet using a Windows Hello passkey. Eco offered a similar product, called “Beam Wallet,” in July 2023.


Magazine: Could a financial crisis end crypto’s bull run?# Blockchain# Apple# Google# Adoption# Identification# AptosAdd reaction

News Feed

Ezra Reguerra11 hours agoHow self-sovereign identity helps users own their dataShiba Inu lead developer Shytoshi Kusama recently unveiled plans to integrate self-sovereign identity into its projects.2080 Total views25 To
Grayscale Ethereum Trust ETF hits historic net outflow of $1.5B
Amaka Nwaokocha54 minutes agoGrayscale Ethereum Trust ETF hits historic net outflow of $1.5BBased on the present rate of outflows, ETHE"s ether reserves may be exhausted in a relatively short timeframe, potentially withi
Nationwide Lockdown: Indian Cryptocurrency Exchanges See Signups and Trade Volumes Increase
Nationwide Lockdown: Indian Cryptocurrency Exchanges See Signups and Trade Volumes Increase India is currently under a nationwide lockdown due to the coronavirus outbreak. News.B
Digital Land Plots Selling for Millions in Metaverse Projects
Digital Land Plots Selling for Millions in Metaverse Projects The concept of the metaverse is starting to blow up, and many of the early companies that are invested in it are alrea
The First Rewards Card for the Web3 World by The Crypto Card Club
The First Rewards Card for the Web3 World by The Crypto Card Club press release PRESS RELEASE.An emerging NFT company, The Crypto Card Club, has developed an innovative system that
Cardano Price Set To Skyrocket By 430%, Crypto Analyst Predicts
Este artículo también está disponible en español. In an analysis published on TradingView, pseudonymous crypto analyst Melika Trader has provided a technical forecast for
Turner Wright9 hours agoFormer FTX exec plans to plead guilty to criminal charges: ReportA Sept. 7 court appearance by Ryan Salame could see the former co-CEO of FTX Digital Markets plead guilty, following the examples o
XRP Breakout Still Likely This April, Analyst Says $12+ In Play
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Stand With Crypto drops ‘supports crypto’ tag from Harris after backlash
Jesse Coghlan12 hours agoStand With Crypto drops ‘supports crypto’ tag from Harris after backlashA Coinbase-backed lobby group initially graded Kamala Harris as “supports crypto” but dropped the characterization
Sony Considers Remaking "The Princess Bride" as Internet Explodes in Fury
As Hollywood movie studios get further and further away from producing original content and instead rely on remakes and reboots of familiar franchises, Sony has apparently floated the idea of remaking "The Princess Bride
Tron’s USDD Remains Below the $1 Parity for 24 Hours, Token Hits a Low at $0.95 per Unit
Tron"s USDD Remains Below the $1 Parity for 24 Hours, Token Hits a Low at $0.95 per Unit Tron’s stablecoin USDD has remained below the $1 parity for well over 24 hours and a
Swiss Financial Watchdog Releases Revised AML Ordinance, Clarifies Crypto Requirements
Swiss Financial Watchdog Releases Revised AML Ordinance, Clarifies Crypto Requirements The Swiss financial regulator has published its updated anti-money laundering (AML) ordinance