Wallet Management
At the heart of any blockchain interaction lies the concept of the wallet. A wallet is the digital interface through which users access, store, and manage their blockchain-based assets — whether cryptocurrencies, NFTs, or tokenized real-world assets (RWA).
However, not all wallets are created equal. The way a wallet is managed has a direct impact on:
User experience: from simple onboarding to complex blockchain management.
Security responsibilities: who controls and safeguards the private keys.
Scalability and adoption: whether the product can reach only blockchain-educated users, or the general public.
Broadly speaking, there are two models of wallet management in the Web3 ecosystem:
Wallets where the user retains complete control of their private keys.
Wallets where a third party (like Authentify It) manages the private keys on behalf of the user.
Each approach comes with its own strengths and limitations, and the choice between them is strategic: it determines both the accessibility of Authentify It to mainstream users and the robustness of the security framework required.
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