New wallet uses Amazon hardware security modules to eliminate seed words
Kresus is not the only wallet to offer seedless onboarding through Magic SDK. Web3 gaming business Immutable informed Cointelegraph that it is likewise establishing a seedless wallet called “Immutable Passport” that utilizes the very same facilities. Passport will work on the Immutable X and Immutable zkEVM networks and will be used to onboard gamers of Immutables Web3 video games, such as Gods Unchained and Guild of Guardians.
A new crypto wallet has simply released in Apples App Store shop that uses Web2 trickery to make sure users dont need to connect with seed expressions or passwords.According to a May 11 announcement from the apps designer, Kresus, the brand-new wallet shops users private secrets in an Amazon Web Services Hardware Security Module (HSM) and utilizes “magic links” and 2FA to validate users.Most crypto wallets need users to compose down a healing phrase or “seed words” when they set up an account. For this factor, some crypto users prefer to keep their crypto in an exchange account. Rather, it needs users to click a link from within an e-mail each time they try to log in.The app likewise uses 2FA to secure the account in case the users e-mail address becomes compromised.When it comes to sending crypto, users dont need to cut and paste crypto addresses on Kresus.
A brand-new crypto wallet has actually simply released in Apples App Store shop that uses Web2 hoax to make sure users do not require to communicate with seed expressions or passwords.According to a May 11 statement from the apps developer, Kresus, the brand-new wallet shops users personal keys in an Amazon Web Services Hardware Security Module (HSM) and utilizes “magic links” and 2FA to verify users.Most crypto wallets need users to compose down a recovery expression or “seed words” when they set up an account. For this reason, some crypto users prefer to save their crypto in an exchange account. Rather, it needs users to click a link from within an e-mail each time they try to log in.The app also uses 2FA to protect the account in case the users email address becomes compromised.When it comes to sending crypto, users do not require to cut and paste crypto addresses on Kresus.
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Other Questions People Ask
How does the new wallet use Amazon hardware security modules to eliminate seed words?
The new wallet, Kresus, utilizes Amazon Web Services Hardware Security Modules (HSM) to securely store users' private keys. This innovative approach allows users to bypass traditional seed phrases, which are often a point of vulnerability. Instead of writing down recovery phrases, users can log in using "magic links" sent to their email, enhancing both security and user experience.
What are the benefits of using a wallet that eliminates seed words with Amazon HSM?
By eliminating seed words, the Kresus wallet reduces the risk of losing access to funds due to forgotten or misplaced recovery phrases. The use of Amazon HSM ensures that private keys are stored securely, minimizing the chances of unauthorized access. Additionally, the integration of two-factor authentication (2FA) adds an extra layer of protection, making it safer for users to manage their crypto assets.
Can other wallets also eliminate seed words like Kresus?
Yes, other wallets are adopting similar technologies to eliminate seed words. For instance, Immutable is developing a seedless wallet called "Immutable Passport," which also leverages advanced security infrastructure. This trend indicates a growing movement in the crypto space towards more user-friendly and secure onboarding processes without the need for traditional seed phrases.
How does Kresus ensure user security without seed words?
Kresus enhances user security by utilizing Amazon HSM for private key storage and implementing two-factor authentication (2FA). Users receive a "magic link" via email for login, which eliminates the need for seed phrases and passwords. This method not only simplifies the login process but also protects users from potential phishing attacks targeting traditional recovery methods.
What is the role of two-factor authentication in Kresus wallet?
Two-factor authentication (2FA) plays a crucial role in securing the Kresus wallet by adding an additional verification step during the login process. If a user's email becomes compromised, 2FA helps prevent unauthorized access to their account. This layered security approach, combined with the elimination of seed words, significantly enhances the overall safety of managing crypto assets within the wallet.