Sui Network Revolutionizes Web3 Onboarding with zkLogin, Simplifying Access to Blockchain-Based Apps
Summary:
Layer-one blockchain Sui Network introduces zkLogin, a feature that simplifies Web3 onboarding. Users can now access Sui-powered apps using their Google, Facebook, or Twitch login details, eliminating the need for external wallets or seed phrases. This advancement aims to make blockchain-based applications more accessible to mainstream users.
Layer-one blockchain Sui Network has introduced a new feature called zkLogin, which simplifies Web3 onboarding for users. This feature allows users to access Sui-powered apps without the need to manage external crypto wallets or seed phrases. Instead, users can log in using their Google, Facebook, or Twitch login details. Sui Foundation managing director, Greg Siourounis, stated that zkLogin removes a significant hurdle for mainstream users, making blockchain-based applications more accessible.
Onboarding has historically been a challenge for the blockchain industry, with users facing usability issues such as signing transactions, managing seed phrases, and providing complex information to use certain DApps. Adeniyi Abiodun, the co-founder and CPO of Mysten Labs, expressed concern that many individuals who could benefit from blockchain technologies are deterred by the complexities of installing web3 wallets and managing seed phrases.
The zkLogin feature offered by the Sui Foundation enables users to enjoy the privacy and ownership features of blockchain-based applications while maintaining security. Zero knowledge proof technology allows the verification of an assertion without disclosing any additional information beyond its truthfulness.
The Sui Foundation is not the only organization working to lower the barriers to Web3 adoption. Cryptocurrency exchange DYOR has announced the development of a social media-like application to enhance user interaction with the decentralized finance (DeFi) market. Moxy, a new Web3 gaming company, is leveraging a different approach by creating a competition-based esports platform where players can bet against each other and earn cryptocurrency. Additionally, the rise of Telegram trading bots, such as Unibot and BananaGun, has allowed traders to participate in token sniping and airdrop hunting directly within the Telegram application.
Published At
9/14/2023 5:59:54 AM
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