Passwords no longer cut it. Phishing, database leaks, social engineering — and an account with a wallet in the red.
👉 The problem is not with blockchain.
👉 The problem is with people and passwords.
⚙️ What is Passkey in human terms
🔹️ Passkey is access without a shared secret.
🔹️ No passwords. No codes that can be stolen.
🤔 How does it work?
🔹️A pair of keys is created for each service: public + private
🔹️The private key never leaves the device (Secure Enclave / TPM)
🔹️The site sends a challenge → the device signs → the site verifies
🔹️The key is not transferred, not stored on servers, not entered by hand
🔹️One domain = one key. A phishing site simply will not receive the signature
🛡 Why this is really stronger than passwords + 2FA
2FA / MFA raises the attack threshold:
– A password can still be stolen
– Real phishing bypasses 2FA
Passkey:
- There is no secret that can be stolen, no reuse, phishing does not work, the key does not leave the device, it is not an upgrade of the password, it is a different model of authentication.
📱 What if the phone is lost?
This is the main fear — and it is already being addressed:
🔐 Hardware keys (USB / NFC)
☁️ Cloud synchronization (iCloud, Google)
🧩 Hybrid: device + backup in the cloud + 2FA
That is, dependence on the device is not fatal.
‼️Important:
Passkey does not sign transactions; it confirms who is logging into the account. It is a layer of access, not a layer of asset ownership, closing the weakest point — UX + login.
🚀 How it is already being used
Apple and Google — logging into accounts without passwords, billions of people are already using asymmetric authentication
In crypto:
Trustee Plus → Passkey + 2FA + PIN + biometric authentication
Hybrid model without a single point of failure
The strongest combination:
Passkey → secure login
MPC → protection of private keys
Account Abstraction → recovery logic
2FA / PIN → control layers
💡This is the next-generation wallet where security does not compromise UX.
💬 Passkey — the first mass technology that effectively removes a person as a point of compromise. Whoever implements this in wallets first will capture the market. 🔥
#Passkey #BinanceSquare @Binance Square Official $BTC
