Web3 app developer Kresus has launched a new crypto wallet that gets rid of the need for seed words and private keys.
A new crypto wallet has just launched in Apple’s App Store store that uses Web2 trickery to ensure users don’t need to interact with seed phrases or passwords.
Most crypto wallets require users to write down a recovery phrase or “seed words” when they set up an account. If the user loses their recovery phrase and their device crashes, they lose access to their account forever. Speaking to Cointelegraph, the Kresus team said that their new wallet app attempts to fix this problem using a wallet infrastructure and software development kit called “Magic,” which stores the user’s private key on an Amazon Web Services computer that is specifically designed to store highly sensitive information.
Unlike a centralized exchange, Kresus does not use passwords to authenticate users, since stealing password hashes and cracking them is one of the most common techniques hackers use to get access to web accounts. Instead, it requires users to click a link from within an email each time they attempt to log in.When it comes to sending crypto, users don’t need to cut and paste crypto addresses on Kresus. Instead, the app allows each user to register for a free .
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