Zero-Knowledge WaaS a Prospective Standard Configuration for Web3 Application-Layer Products — Pengyu Wang

According to Pengyu Wang, the laminitis of Particle Network, developer solutions known arsenic zero-knowledge wallet-as-a-service (ZK-WaaS) embody Web3 principles and “are highly performant” which successful crook makes them “an evergreen solution that volition go the manufacture standard.” Wang besides points to however zero-knowledge exertion helps guarantee a halfway rule of Web3, plus sovereignty for extremity users, is upheld.

‘Complexities Associated With Traditional Web3 Wallets’

In written answers sent to Bitcoin.com News, Wang besides pointed to however WaaS tin crook retired to beryllium a developer solution that yet brings the masses to Web3. According to the Particle Network founder, this is owed to the information that WaaS wallets are not burdened with the “complexities [often] associated with accepted Web3 wallets.”

When asked astir immoderate of the complexities stopping prospective users from seeking to utilize Web3 wallets, Wang identified 3 main contributing factors. One of these factors relates to the perceived complexity of managing and safeguarding backstage keys and effect phrases. Poor idiosyncratic acquisition arsenic good arsenic the aggregate signature request for on-chain transactions are the different 2 contributing factors.

Meanwhile, successful the remainder of his written answers sent to Bitcoin.com News via Linkedin, Wang besides shared his views connected intent-centric plan successful Web3 wallets and wherefore this should interest some users and developers of decentralized applications. He besides touched connected however Web2 companies tin amended hole for Web3 integration. Below are the remainder of Pengyu Wang‘s answers to the questions sent.

Bitcoin.com News (BCN): For astir users, wallets are wherever their Web3 travel begins, storing integer assets, facilitating transactions, and acting arsenic users’ integer identities. What are immoderate of the attributes of wallets you deliberation lend to complicating idiosyncratic interactions?

Pengyu Wang (PW): Some of the cardinal issues that lend to the complexity for users include:

1. Private Key Complexity: Managing and safeguarding lengthy backstage keys and effect phrases tin beryllium daunting, particularly for newcomers, creating information concerns.
2. Poor User Experience: Many wallet interfaces deficiency user-friendly designs and indispensable features, making the idiosyncratic acquisition little intuitive and frustrating for those seeking casual entree to NFTs oregon autochthonal token swaps.
3. Multiple Signatures: Users often brushwood aggregate signature requirements during on-chain transactions. For instance, a elemental USDC to ETH swap whitethorn impact a two-step process, adding friction to the idiosyncratic interaction. Streamlining this process tin trim friction and heighten the idiosyncratic experience.

BCN: What’s wallet-as-a-service (WaaS) and successful what ways does it assistance developers physique Web3 experiences accessible to not-so-crypto-savvy users? Also, however does it comparison to the mean decentralized speech oregon centralized exchange-based wallets?

PW: WaaS is simply a developer-friendly solution for seamlessly integrating Web3 wallets into autochthonal platforms, enhancing accessibility for each users. It appeals to non-crypto users arsenic good by removing complexities associated with accepted Web3 wallets. Particle Network’s MPC-TSS exertion provides users with a non-custodial embedded wallet, superior to centralized speech (CEX)-based wallets.

Compared to accepted decentralized speech (DEX) oregon CEX-based wallets, WaaS offers chiseled advantages:

• Swift Onboarding: Particle’s WaaS enables caller users to entree Web3 successful conscionable 20 seconds, acknowledgment to societal logins integrated straight into the application’s interface. This is simply a important betterment implicit accepted wallets, which tin instrumentality respective minutes to acceptable up.
• Customization: Developers person the flexibility to tailor WaaS to suit their circumstantial concern requirements. They tin seamlessly integrate it with their platform, incorporating features specified arsenic transaction capabilities and NFT displays.
• Enhanced User Efficiency: WaaS boosts idiosyncratic ratio for on-chain transactions by eliminating the request to permission a dApp for transaction signatures. Users bask a seamless acquisition without switching to third-party outer wallets, improving wide usability successful Web3 applications (eg: Web3 mobile games).

BCN: Users thin to expect implicit sovereignty implicit their assets and information. Your institution Particle Network precocious unveiled the upgraded V2 of its WaaS solution with zero-knowledge technology. Could you archer our readers much astir however this upgrade helps to guarantee confidential transactions, login, and different interactions?

PW: By introducing zero-knowledge impervious (ZKP) exertion into our existing merchandise suite, we’re enabling users to acquisition Confidential Login and Confidential Transactions. The Confidential Login diagnostic ensures idiosyncratic login privateness by concealing the transportation betwixt their Web2 identities and wallet addresses. Users lone request to plug into Particle Network and their enactment volition beryllium protected with ZKP erstwhile utilizing them. This attack aligns with our imaginativeness for Web3 wallet infrastructure, which goes beyond signature and backstage cardinal absorption to encompass broad information protection.

Regarding Confidential Transactions, our attack focuses connected safeguarding idiosyncratic privateness astatine the code level alternatively than the plus level. This besides enhances idiosyncratic transaction privateness done the usage of one-time, impermanent addresses, efficaciously preventing immoderate linkage without the necessity for further astute contracts oregon statement furniture forks.

BCN: Do you judge that ZK-WaaS volition astatine immoderate constituent go the modular configuration for Web3 application-layer products? If yes, tin you stock reasons to enactment your presumption connected this issue?

PW: Absolutely, and here’s why. Our ZKwaas solution covers each the bases—Efficiency, Privacy, and Intelligence.

• Efficiency: We support user-friendliness with societal logins, an businesslike onboarding method for caller users.
• Privacy Protection: With ZK technology, we are capable to guarantee implicit plus sovereignty for extremity users, which is simply a halfway rule of Web3.
• Intelligence: Our modular ZKwaas combined with Account Abstraction offers intelligent idiosyncratic interactions, including gasless transactions, league keys and different operations

In essence, it embodies Web3 principles, supports wide adoption, and is highly performant, truthful making it an evergreen solution that volition go the manufacture standard.

BCN: According to assorted media reports, your WaaS solution has garnered much than 15 cardinal users successful astir a year. What bash you deliberation helped you execute this milestone?

PW: Our occurrence tin beryllium summarized successful 3 cardinal points:

• Emergence of Pan-User Web3 Applications: The proliferation of pan-user Web3 applications, particularly high-quality games and innovative societal products, has been instrumental. These applications pull a wide audience, including existing Web2 users, driving request for our B2B2C Wallet-as-a-Service products.
• Focused and Developer-Centric Approach: Our unwavering absorption connected WaaS has allowed america to efficaciously code some developers’ and end-users’ needs. We employment MPC-TSS exertion for non-custodial information and connection a Smart WaaS solution. This not lone benefits end-users with league keys and gasless transactions but besides ensures developers’ concerns regarding information and privateness are addressed comprehensively.
• Strategic Partnerships: Strong manufacture connections, forged done partnerships with networks similar BNB Chain, Linea, NEAR, Sei, and zkSync, arsenic good arsenic infrastructure partners similar CertiK and Biconomy, person played a important relation successful our growth.

BCN: What’s Intent-Centric Design successful wallets, and wherefore should decentralized app developers and users attraction astir it?

PW: The request for intent-centric plan arises from 2 cardinal factors:

• Empowering User Autonomy: In the crypto industry, idiosyncratic empowerment is fundamental, granting power implicit assets, data, and information. However, this autonomy requires users to actively negociate each insignificant on-chain operation, which tin go cumbersome.
• Complex Interactions: With the improvement of the industry, blockchain scenarios person grown much intricate, involving galore authorizations and subjective judgments. Users present look accrued demands, specified arsenic mounting state fees and adjusting slippage.

Intent-centric plan aims to sphere idiosyncratic autonomy portion relieving the idiosyncratic from having to actively negociate the underlying processes. Users lone request to specify the commencement and extremity of their requirements, shifting idiosyncratic interactions from a transaction-based to a demand-based model.

BCN: In caller years, a increasing fig of Web2 companies person started experimenting with Web3 solutions to streamline their processes and fortify their connections with users. Can you concisely sermon however Web2 companies tin amended hole for Web3 integration and if WaaS is 1 instrumentality that tin assistance them successful this endeavor?

PW: Facilitating Web2 companies successful harnessing Web3 exertion has been a halfway portion of our mission. In summation to the antecedently mentioned WaaS features that easiness the modulation for Web2 users, we would similar to item a real-world illustration involving Moongate, a non-fungible token (NFT) ticketing platform. They teamed up with offline events similar ethereum (ETH) Singapore, ETH HK, and GM Vietnam to instrumentality an NFT ticketing system.

They utilized our WaaS, enabling email login and fiat currency purchases for these NFT tickets. These tickets are sent to non-custodial wallets created by our service, fulfilling 3 needs simultaneously:

– Event organizers looking for Web3 features with a creaseless ticketing experience.
– Web2 users astatine offline events find it user-friendly.
– Web3 users are capable to get NFT assets easily.

What are your thoughts astir this interview? Let america cognize what you deliberation successful the comments conception below.