Core’s Seed Abstraction provides a seamless cross-chain experience. Users can use seeds generated by Core across a variety of blockchains.
In a groundbreaking move for the cryptocurrency space, Core Wallet introduces an innovative approach to wallet creation through its seed abstraction feature. According to a press release shared with Coinspeaker, this pioneering technology eliminates the need for cumbersome seed phrases, providing users with a more accessible and user-friendly experience without compromising security or custody.
Core Seed Abstraction Innovation: A Universal Solution
Traditionally, seed phrases have been a fundamental aspect of cryptocurrency wallet creation and serve as a backup and recovery mechanism. However, the complexity and potential risks associated with seed phrases often prevent mainstream users from fully embracing Web3 technology. Core’s Seed Abstraction solves this problem by allowing users to generate and manage keys through familiar Web2 methods such as Gmail and Apple Login.
By solving one of the key pain points for end users regarding seed phrases, Core contributes to our ongoing mission to make blockchain products as seamless as Web2 products and support widespread adoption of Web3 technologies.
Per the release, Core noted that existing wallet creation options will remain in place for those who prefer traditional seed phrases, but for those who want a more intuitive and secure experience, Core’s Seed Abstraction offers a compelling alternative.
What sets Core apart is its universality. Unlike other solutions limited to specific blockchains or virtual machines (VMs), Core’s Seed Abstraction provides a seamless cross-chain experience. Users can use seeds generated by Core across a variety of blockchains.
Ease of cross-chain use distinguishes Core’s seed abstraction from existing products such as ERC-4337 (Account Abstraction), which restrict users to the EVM chain with deployment restrictions. Core helps users trade confidently and securely in a variety of environments, including: Bitcoin (BTC), avalanche C-Chain, X-Chain, P-Chain and all EVMs.
To achieve this unprecedented level of security and usability, Core leverages Cubist’s CubeSigner non-custodial signature service. This service enables secure social login and keys handling within secure hardware. The Core maintains the confidentiality of your private keys by remotely generating keys and signing transactions. The combination of a wide range of encryption methods and secure enclave technology makes the entire process more secure.
Core strengthens security measures.
To access your core account: Decentralized Finance (DeFi) users must provide both login information and a physical authentication device to reduce the risk of phishing and unauthorized access. CubeSigner’s protocol for key export introduces additional steps and waiting periods to protect against potential threats such as SIM swapping. This multi-layered security approach enhances the overall security of the core platform by ensuring that only the rightful owner can export keys.
In particular, Core’s innovative approach aligns with the core principles of Web3, prioritizing simplicity, seamless onboarding, and self-archiving without compromising security.
“Core unifies Web3’s key tenants by enabling simple, frictionless, and seedless onboarding while maintaining self-governance and high security. Core users are free to choose their preferred sign-up, login and recovery format without any fear or anxiety,” says Akash Gupta, Head of Consumer Products, Ava Labs.
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