Enclave Wallet has launched a web-based wallet on NEO N3 and introduced the first account abstraction room in the Neo-ecosystem. The wallet is designed to offer a well -known and intuitive experience without sacrificing the core benefits of blockchain technology. Ultimately, the goal is to make blockchain more accessible to regular users.
Enclave wallet was built by NNT Co-editor Edge, and three former members of Simpli, Ricardo Prado, Gil Lopes Bueno and Kuba. Simpli was a software development company from Brazil that mainly focused on construction tools and applications for the NEO ecosystem.
The team behind Enclave Wallet aims to solve various persistent problems in blockchain use: complex private key management, the requirement to acquire tokens before interaction, fragmented user experiences, overly technical terminology and onboarding processes that depend on centralized exchanges.
Abstract accounts and webauthn
Enclave Wallet introduces two important innovations – abstract accounts and webauthn -integration – to disconnect blockchain identity from stiff cryptographic reference systems.
Traditional blockchain portfolios bind the identity of a user to a single set of public/private keys, creating permanent dependencies. If the private key is lost, access to the account is irreparable.
Through abstract accounts, the blockchain address can remain consistent and enable the user to update, add and remove references. This supports recovery mechanisms without endangering security and offers multiple references access to a single account.
WebAuthn becomes the primary authentication method of the wallet. It uses device -related references that are protected by biometric data or pens and removes the need for seeds. WebaHN references can be supported by cloud services and are also supported by large technology suppliers such as Google, Microsoft and Apple.
Identity, references and authentication
Enclave frames blockchain interaction around three concepts: identity (blockchain address), references (cryptographic tests) and authentication (method to use those references). By separating these layers, the wallet improves the flexibility and user experience while retaining the self-coastal nature of blockchain accounts.
Use cases for enclave wallet
Conditional transaction sponsorship is one of the intended use cases of the wallet. Enclave makes decentralized and rules -based reimbursement sponsorship possible with the help of smart contracts, so that DAPPs can cover the costs of users without opening roads for abuse. This could support Freemium models, especially for new users who may not yet have tokens for Dapps or projects that build on Neo N3.
Additional potential applications include subscription-based services, social platforms with digital property, maker tools with direct income, enterprise security solutions, gaming with real asset property and collaboration platforms with transparent management mechanisms.
Neo N3 as a basis
The enclave team attributes the viability of their solution to the technical functions of the NEO N3 platform:
- Finality of one block offers immediate transaction confirmation, creating a web2-like user experience.
- Custom verifiescripts make abstract account implementation and advanced authentication logic possible.
- Multi-language support lowers the barrier for developers by supporting C#, Go and other regular languages.
- Native Oracle Integration supports interaction with off -chain data and services.
- Optimized tariff model makes transaction sponsorship both technically and economically feasible.
Subsequent steps
In the medium term, the team is planning to improve the enclave wallet with extra functions such as:
- Granular permissions enable users to allocate specific actions to individual references or devices.
- Accounts with multiple users make a cooperation check of a single address possible with adapted power levels.
- Subscription references give Dapps the opportunity to create and manage recurring payment mechanisms.
Enclave Wallet is now available as a web application and represents a step forward when improving blockchain accessibility and user experience within the NEO ecosystem.
The complete announcement can be found on the link below:
https://enclavewallet.com/blog/enclave-wallet-bridging-web2-web3
Credit : cryptonews.net
