The Sui Network promises to make web3 access more straightforward by allowing user registrations on its apps.
Users can now access decentralized applications (dapps) using their Google, Facebook, and Twitch login credentials thanks to the newly launched zkLogin (Zero Knowledge login) feature, according to a press release from the Sui Foundation dated Sept. 13.
Bypassing the challenges of handling web3 wallets, is the most recent development anticipated to enable consumers to browse the web3 environment with the same comfort as other online platforms.
The Sui Foundation’s managing director, Greg Siourounis, said:
“By enabling users to access dapps with the social logins they have grown comfortable using, zkLogin removes a major hurdle for bringing the benefits of blockchain-based applications to billions of mainstream users.”
In the past, user onboarding has been difficult for the blockchain industry since so many people find it difficult and complicated. These problems range from requiring considerable, frequently incomprehensible information to use particular dapps to signing transactions and keeping seed phrases.
The co-founder and CPO of Mysten Labs, Adeniyi Abiodun, reiterated this opinion and brought attention to many people’s difficulties while attempting to manage seed phrases and install web3 wallets.
The Sui Foundation notes that the zkLogin functionality offers privacy and ownership preservation aspects typical of blockchain-based apps without compromising security.
The underlying technique, known as zero-knowledge proof, allows one party to confirm the veracity of a statement without giving any information besides ensuring its veracity.
The most recent change occurs as the Sui token [SUI] gets ready for a significant unlocking event that could affect the market worth of the token.
According to Token Unlocks, a significant SUI token unlock anticipated for October, with over 1.9 million tokens worth at over $800,000 to be released, might significantly affect the token’s market behavior.
The Sui network has seen a spike in trade activity, according to recent statistics from DefiLlama. With current data at over $3.03 million, the trading volume has significantly increased from the $1.57 million recorded on September 8 and has nearly doubled.
According to information from CoinMarketCap, the SUI token was trading at about $0.438 at the time of publication, up 0.46% over the previous 24 hours.
