It’s official – you can now sign into websites using your crypto wallet public keys instead of your password. According to the announcement in the cryptonews coming from the Inurl-auth protocol, this is a “more secure way” of logging into sites compared to using standard information including a password.
For those of you who don’t know, today is the World Password Day (May 7) and this new solution brings a lot of positivity for the crypto world. People who are fearing insecure passwords and phishing attacks got a new relief.
The fact that you can now sign into websites using crypto wallet keys is quite a revolutionary upgrade in the world of tech. Basically, the user will receive a QR code with a special message, allowing them to use a public key associated with their wallets to derive a unique key that will be only compatible with the domain they are using to access. This key would authenticate that they are the sole owners of their accounts.
According to the podcaster Marty Bent, this system means that websites no longer had to look up your information on a centralized database that is susceptible to being hacked:
“No more remembering unique passwords for separate sites. No more creating unique email addresses for different services. No more having to worry about the site you are interacting with having your data stolen from them. Pure, self-sovereign control of your accounts across the Internet. No usernames, passwords, or identifying information other than the public key that is derived upon sign up.”
You can now sign into websites with crypto wallet keys as your sign-in entry. The Bitcoin news today show that this upgrade is definitely something worth looking forward to – but only until it becomes widespread – you will have to find other ways to keep your passwords secure.
A survey from Proofpoint’s 2020 State of the Phish Report shows that 44% of the respondents in the United States used a password manager for their online accounts, which is way above the 23% global average.
If the user has a bad memory for passwords, these password phrases can be a lifesaver. Here is an example:
we can’t eat 15 New York pizzas, but those 5 people can
Password: wce15NYpbt5pc
Generally, the idea is to see more people transferring to working from home using their own WiFi networks – and protection is key here, considering the amount of phishing attacks lately.
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