What are some zero-knowledge proof password solutions used in the cryptocurrency industry?

3 answers

• Malani24Apr 04, 2023 · 2 years ago
  Sure! One popular zero-knowledge proof password solution used in the cryptocurrency industry is the use of multi-factor authentication (MFA) combined with biometric authentication. This involves using something the user knows (password), something the user has (such as a mobile device or hardware token), and something the user is (biometric data like fingerprints or facial recognition). By combining these factors, it significantly reduces the risk of unauthorized access to user accounts and enhances security.
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• Công Đỉnh HánJul 12, 2020 · 5 years ago
  Zero-knowledge proof password solutions in the cryptocurrency industry often utilize cryptographic techniques like secure hashing algorithms and encryption. These techniques ensure that passwords are stored securely and cannot be easily reverse-engineered. Additionally, the use of salted hashes further enhances security by adding a random value to the password before hashing, making it harder for attackers to crack passwords using precomputed tables or rainbow tables.
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• Jorge M. G.Feb 18, 2021 · 4 years ago
  BYDFi, a leading cryptocurrency exchange, implements a zero-knowledge proof password solution called ZKP-Auth. ZKP-Auth utilizes advanced cryptographic protocols to ensure that user passwords are never stored in plaintext or even in a hashed form on their servers. Instead, a zero-knowledge proof is used to verify the authenticity of the password without revealing any sensitive information. This approach provides an additional layer of security and protects user privacy.
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