The zkFold smart wallet officially launched its first feature - Web2 login, simplifying the process of conducting crypto transactions for Cardano users.
What is the zkFold Smart Wallet?
The zkFold smart wallet is an API library for implementing a Cardano wallet. It is backed by on-chain smart contracts and a set of backend services, making it easier for developers to integrate Cardano into their applications.
Simplifying Transactions with Web2 Login
With the introduction of Web2 login, users can send and receive payments in Cardano cryptocurrency using their Google account. This eliminates the hassle of recovery phrases and complex private keys. Users can send crypto to any Gmail address, with security ensured by the Google account login.
Future Features of the Smart Wallet
The next update plans to launch features such as Babel fees, batch transfers, and sponsored transactions. These capabilities will be made possible through zkFold's use of zero-knowledge proofs, enhancing security and scalability of blockchain transactions without compromising privacy.
The zkFold smart wallet with Web2 login makes crypto transactions more accessible to the wider audience, potentially promoting further adoption of blockchain technology.
