Future of wallets: passkeys 🔑

Cumbersome seed phrases may soon be a thing of the past: enter passkey-based wallets.

🔒 Passkeys, developed by Apple, Google, Microsoft, and FIDO Alliance, replace traditional passwords with pairs of public and private keys. The public key is bound to specific websites and cannot be reused on other platforms, while the private key is accessible only through biometrics.

🔒 Additionally, passkeys minimize user errors by reducing mistakes in seed phrase recording and eliminating the need to store it securely.

🔒 Currently, Bullpen supports this solution for seamless trading and account recovery. Coinbase is also exploring passkeys for transaction signing and eliminating recovery phrases.

In the near future, creating wallets will be faster and asset storage will be convenient and secure. Would you install a passkey-based wallet? 🤔

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DYOR / NFA