What are passkeys? Binance App Use It Too
Passkeys, a modern authentication method, are revolutionizing the way we secure our digital accounts. Google, a tech giant, has taken the lead by announcing the gradual phasing out of traditional passwords in favor of passkeys, starting from October 10. These passkeys are designed to offer a faster and more secure alternative to passwords, relying on pin, face, or fingerprint authentication integrated into devices.
Passkeys are approximately 40% faster than traditional passwords, making the login process smoother and more efficient. The heightened security of passkeys is attributed to their utilization of a specific type of cryptography. Google is actively encouraging its users to create passkeys for their accounts by default. This means that Google account holders will be prompted to set up a passkey, simplifying the transition for users.
With passkeys, the age of remembering or typing in complex passwords is coming to an end. Instead, users can log in using biometric features like face recognition, fingerprints, or a pin. Passkeys are not confined to Google; Apple has already embraced a similar system. This technology centers around a device's inherent authentication methods, including Face ID, fingerprint recognition, and voice activation.
Passkeys operate through two distinct keys: one stored on your account and a private key securely stored on the device you use for verification. A notable feature is their versatility; passkeys work across multiple devices. Even if you lose your phone, you can still remotely access your account via another device, ensuring uninterrupted access to your digital life.
While Google is making a significant shift towards passkeys, they acknowledge that traditional passwords will still have a place in our digital world. Users can choose to stick with passwords and opt out of passkey usage by disabling the "skip password when possible" option when prompted.
Binance app already uses passkeys.
WhatsApp may join soon.
