Non Custodial wallet

Non-custodial wallet management has several drawbacks that may limit its accessibility and usability for users, particularly those unfamiliar with blockchain technology. Unlike custodial management, which provides a familiar and intuitive experience similar to traditional SaaS applications, non-custodial management can be more complex and demanding for novice users.

The main difficulty with non-custodial management lies in the need for users to manage and protect their own private keys. This responsibility can be intimidating for users who are unfamiliar with cryptography and computer security concepts, putting them at increased risk of loss or theft of their digital assets. Additionally, human errors such as losing private keys or forgetting passwords can result in the permanent loss of funds, posing a significant risk for inexperienced users.

Non-custodial management may also be less convenient for users active in blockchain markets. Due to the need to manually manage private keys and navigate between different storage solutions, these wallets can cause friction in the user experience and limit responsiveness to market opportunities. Additionally, advanced features such as automated portfolio management and market analytics are often less available in non-custodial wallets, which can limit users' abilities to optimize their investments.

Transaction confidentiality can also be an issue with non-custodial management. Unlike custodial services, which often offer built-in privacy measures such as transaction confidentiality and personal data protection, non-custodial wallets can expose users to surveillance and traceability risks. Due to the public nature of blockchain,

Transactions made through non-custodial wallets can be easily tracked and analyzed, compromising user privacy.

Finally, non-custodial management may be less attractive to users who are looking for an all-in-one solution for managing their digital assets. Unlike custodial wallets, which provide a seamless and integrated experience, non-custodial wallets often require additional effort from users to set up and secure their wallets. This added complexity may deter less experienced users from participating in the blockchain ecosystem, limiting overall adoption of the technology.

If Authentify It had chosen this management, transactions and interactions with the blockchain would have been less intuitive for uneducated users.

Transactions on the blockchain with non-custodial management are done as follows: First, Authentify It initiates a transaction with one of its Smart Contracts, with information relating to this transaction. The user being concerned by this transaction, it cannot be broadcast to the blockchain without the user's approval, therefore, Authentify It sends the user the transaction information and asks him to sign it (cryptographic signature).

If the user does not sign, the transaction will not be broadcast to the blockchain. However if he signs, in this case the transaction can be sent and if all the instructions of the Smart Contract do not return an error, then the transaction has everything to be validated (this document does not explain the validation systems in relation to the different consensuses of the different blockchains).