According to Pengyu Wang, founder of Particle Network, zero-knowledge wallet-as-a-service (ZK-WaaS) solutions embody Web3 principles and are highly performant, making them an evergreen solution and the potential industry standard. Traditional Web3 wallets often come with complexities that can discourage users from adopting them. These complexities include managing private keys and seed phrases, poor user experience, and multiple signature requirements for on-chain transactions. Wang believes that WaaS can simplify these complexities and attract non-crypto-savvy users to Web3. WaaS allows for seamless integration of Web3 wallets into native platforms, offering advantages such as swift onboarding, customization options for developers, and enhanced user efficiency. Particle Network’s upgraded V2 of its WaaS solution incorporates zero-knowledge technology to ensure confidential transactions and interactions. Wang believes that ZK-WaaS will become the standard configuration for Web3 application-layer products due to its efficiency, privacy protection, and intelligence. Particle Network’s success in gaining over 15 million users is attributed to the emergence of pan-user Web3 applications, a focused and developer-centric approach, and strategic partnerships. Intent-centric design in wallets aims to empower user autonomy while simplifying complex interactions. It shifts user interactions from transaction-based to demand-based models. As more Web2 companies experiment with Web3 solutions, WaaS can help them prepare for integration by providing features such as secure non-custodial embedded wallets and customizable options tailored to their business requirements.
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