How does FIDO2 enhance the security of digital wallets for storing cryptocurrencies?

1 answers

• May 02, 2022 · 3 years ago
  FIDO2 is an industry-standard authentication protocol that greatly enhances the security of digital wallets used for storing cryptocurrencies. By leveraging biometric authentication and hardware-based security keys, FIDO2 ensures that only authorized individuals can access their wallets. Biometric authentication, such as fingerprint or face recognition, adds an extra layer of security by relying on unique physical characteristics that are difficult to replicate. Hardware-based security keys, on the other hand, provide a physical barrier against unauthorized access. These keys are tamper-resistant and store cryptographic keys securely, making it extremely difficult for hackers to gain access to the wallet. With FIDO2, digital wallets can provide users with peace of mind knowing that their cryptocurrencies are well-protected against unauthorized access or theft.
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