DeBank: The Ultimate Crypto Wallet for DeFi, Web – DeBank: The Ultimate Crypto Wallet for DeFi, Web

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DeBank : The Ultimate Crypto Wallet for DeFi, Web

The real Web3-native messenger and the best web3 portfolio tracker that covers all your tokens, DeFi protocols, NFTs across all EVM chains.

Problems With Current Authentication Systems

Authentication is the process of proving that a fact or document is genuine. In computer science, authentication is usually associated with proving a user’s identity whether a user is an organization or individual. We currently prove our identity by providing credentials such as a username and password. Almost all applications have some sort of authentication to regulate access to their service.

Risks and Problems of Current Authentication Systems

Usernames, passwords, emails, and other sensitive personal information are usually stored on centralized systems that are often at risk of hackers attempting to steal user information all at once.

Personal data is often controlled, collected, and shared with other parties without people’s knowledge.

It’s difficult for people to manage and remember so many passwords, which creates a bad user experience.

One of the main risks of logging in with social media accounts like Facebook and Google (single sign-on) is if a single account is compromised, the attacker can then gain access to all of the applications and data associated with that account. In 2018, a Facebook security breach exposed the accounts of 50 million users.

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