Core Unveils Multi-Chain Wallet with Seed Abstraction to Create a Frictionless Web3 Future
Manage your keys on your terms. Say goodbye to seed phrases with Core. No more hassle. Now, anyone can utilize Core without dealing with seed phrases. Easily generate and oversee your keys using straightforward Web2 methods like Gmail and Apple logins.
In a significant move today, Ava Labs’ project, Core, unveiled an inventive approach to crafting and managing cryptocurrency wallets. With this latest release, Core users can now seamlessly create a wallet and multi-chain seed phrase using their Gmail credentials, all without compromising on security or custody.
What sets Core apart is its universal seed abstraction, designed not to be confined to specific blockchains or VMs. Users can employ a Core-generated seed across a spectrum of blockchains, from Bitcoin to various EVMs, eliminating the complexities associated with multiple contracts and cross-chain issues.
The ease of cross-chain functionality distinguishes Core’s Seed Abstraction from other offerings like ERC-4337 (account abstraction), which restricts users to EVM chains with limitations based on contract deployment locations. Core enables users to transact confidently and securely across different environments, such as Bitcoin, Avalanche C, X and P-Chains, and any EVM.
Core leverages Cubist’s CubeSigner non-custodial signing service to ensure secure social logins and key handling within secure hardware. Keys are generated and transactions are signed remotely from CubeSigner’s secure hardware, keeping private keys confidential through robust encryption methods and a secure enclave.
Accessing a Core account requires both login details and a physical authentication device, significantly reducing the risk of phishing and unauthorized access. CubeSigner’s protocol for exporting keys includes additional security measures and waiting periods, safeguarding against attacks like SIM swapping, and ensuring only the rightful owner can export their keys.
Core aligns with the core tenets of Web3 by offering a simple, frictionless, and seedless onboarding experience while upholding self-custody and high security. Users can freely choose their preferred methods of sign-up, login, and recovery without fear or hesitation, as explained by Akash Gupta, Head of Consumer Products at Ava Labs.
“Core unifies the key tenants of Web3 by enabling simple, frictionless, and seedless onboarding while preserving self-custody and high security. Core’s users are free to choose their favorite form(s) of sign-up, login, and recovery without any trepidation or anxiety.” Gupta said.
Addressing the common concerns associated with seed phrases, Core’s Seed Abstraction provides an elegant solution to eliminate risks and streamline the Web3 wallet experience. While existing wallet creation options remain available for those who prefer seed phrases, Core’s seedless approach provides a more intuitive and user-friendly wallet experience, aligning with the typical internet usage patterns.
In essence, Core not only addresses a significant hurdle for everyday users but also contributes to the broader goal of improving the user experience and making blockchain products as seamless as their Web2 counterparts. Users now have the option to choose between traditional seed phrases and Core’s seedless innovation, offering a tailored and secure experience in line with individual preferences.
Founded in 2018 by Emin Gun Sirer, the Brooklyn, New York-based Ava Labs provides a blockchain platform with a mission to digitize assets. The company provides an open-source platform designed for the launch of decentralized finance applications and enterprise blockchain deployments.
Ava Labs goes beyond by facilitating the straightforward deployment of high-performance solutions for Web3, driven by innovations on the Avalanche network. Founded by Cornell computer scientists in collaboration with Wall Street veterans and early Web3 pioneers, the company embodies a compelling vision to reshape how people construct and engage with open, permissionless networks. In essence, Ava Labs stands at the forefront of redefining the way individuals generate value within the realm of Web3.