Overview
Exodus launched Passkeys Wallet, a revolutionary Web3 wallet that combines an intuitive and seamless Web2-like user experience with enterprise-grade security. The combination of security and UX is unmatched and addresses the long-standing pain points of Web3 users.
The underlying technologies driving this innovative wallet are Passkeys, which Exodus is leading the charge in promoting within Web3, and MPC key management provided by Sodot, ensuring both top-tier security as well as seamless integration.
The Challenge - Finding The Right Tech For The Perfect Wallet Experience
As part of its mission to onboarding the next billion users, Exodus faced a significant challenge: delivering the highest level of security while ensuring an intuitive, smooth experience for retail users.
Achieving this required navigating several hurdles:
Providing a seamless and intuitive “Web2” user experience
Exodus chose Passkeys as an underlying technology - a modern, passwordless authentication method, that is a result of cooperation between industry giants such as Google, Apple and Microsoft. Passkeys are based on public key cryptography and aim to replace passwords entirely by offering a frictionless yet highly secure login experience across multiple platforms.
Passkeys and biometrics allowed Exodus to remove altogether the complexity of authentication and passwords.
Ensuring user funds are secured with the highest standards
Exodus chose MPC for key management, which is commonly used for enterprise-grade security by creating the private key in a distributed manner.
MPC allowed Exodus to provide enhanced security for its users by removing the need for seed phrases, a single failure point that has historically caused Web3 users to lose billions. MPC also allowed Exodus to have a blockchain-agnostic and scalable key management infrastructure, capable of supporting billions of wallets across all chains and devices.
Finding a robust and scalable MPC infrastructure
Robust and performant MPC infra for Web3 products requires deep expertise in applied cryptography, engineering excellence and security know-how.
Exodus searched for a provider that could match the strict professional requirements while also providing Exodus the operational control and customizability needed to provide the product they envisioned.
This is where Sodot came into play.
Building with Sodot MPC Infrastructure
Exodus chose Sodot as an MPC infra provider. Leveraging Sodot’s MPC infra enabled Exodus a rapid go-to-market while retaining full operational control and product flexibility, which allowed them to perfect the design of Passkeys Wallet.
“ As Exodus further develops its wallet product suite to onboard the next billion users, MPC plays a significant role in ensuring the highest level of security alongside a seamless user experience. As an MPC infrastructure partner, Sodot stood out not only for their cutting-edge solution that perfectly fits our needs but also for their team's deep expertise and commitment to excellence. “
— JP Richardson, CEO, Exodus
Passkeys Wallet advantages soon became apparent in the Web3 space.
A prime example of a dapp utilizing the Passkeys Wallet is SayEcho. Users can create a passkey-enabled wallet with a delightful one-tap experience in seconds, delivering a smooth, efficient and secure onboarding experience.
Today, millions of users are empowered by Passkeys Wallet, enjoying a seamless and secure experience in Web3.
About Exodus
Exodus empowers individuals to take control of their lives in a digital world with secure, user-friendly crypto software. Since 2015, Exodus has made digital assets accessible through self-custodial wallets that put users in full control of their funds, enabling seamless swaps, buys, and sells. For businesses, Exodus offers Passkeys Wallet and XO Swap, leading solutions for embedded crypto wallets and swap aggregation. Committed to accessible and secure finance, Exodus is shaping the future of digital ownership. Learn more at www.exodus.com/ or follow us at x.com/exodus.
