Altcoins News
By James Thorp
1 / 15
Twitter Handle Brantly.ETH expresses, The Ethereum community has accidentally solved a major problem of the Internet: Single Sign-On "Sign-In w/ Ethereum" is the future of login…
2 / 15
First, what is "Single Sign-On"? It can mean different things depending on context, but here I mean: An average person having one username and password/authentication method that…
3 / 15
The Internet has no personal username/authentication system, built-in IP addresses change and are based on device/location, and DNS was never really meant to be a personal…
4 / 15
We all know what happened – people are re-using weak passwords written on post-it notes - signup fatigue ("I have to create another username /password ?") - hacks + data dumps.
5 / 15
Yes, people can use password managers etc, but this doesn't happen in practice.
6 / 15
One solution in the last decade has been Social Sign-On. You probably already have an account with Google, Facebook, etc, so why not just sign-in with that to new services?
7 / 15
While an improvement, “Social Sign-On” has a few problems 1) It depends on a few big corps. Do users really want Google to control their user name /pass word for the whole…
8 / 15
2) It's inherently fragmented - username /password controlled by a Big Corp can never be "neutral" - "which social account did I use for this service again?
9 / 15
3) People still have weak passwords. If you're signing into everything with your Google account, your security for everything now depends on the strength of your Google…
10 / 15
Ethereum Sign-In is a new paradigm. First, Ethereum is giving average people computer generated public/private key pairs with systems in place to securely connect them to…
11 / 15
Your Ethereum private key is your super secure password that you control. No central service required to make it work. Just sign something w/ your private key.
12 / 15
Ppl need good UIs for storing/using their private key. This was the Achilles heel of cypherpunks/PGP This is another thing crypto incentives are improving - hardware wallets –…
13 / 15
Second, you need human-readable username Key pairs, which can be computer generated, but don't usernames require a central service to store this info?
14 / 15
Blockchains solved this Trilemma. Namecoin (launched in 2011) was the first attempt at this, but never got adoption But ENS Domains, launched in 2017 and built with…
15 / 15
Users can register a .ETH name on ENS without touching a single centralized service and then hold custody of it themselves with their Ethereum account.
The Currency Analytics
Want the full story?