Arcana Auth is a privacy-centric, non-custodial, decentralized, asynchronous, distributed key generator-powered solution targeted at Web3 application developers to speed up and simplify user onboarding and signing of blockchain transactions. Users benefit from this self-sovereign identity as they can use it to prove their identity across any application that is integrated with Arcana Auth.
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Web3 is a user-centric platform where users own their personal information and data. Authenticated users can interact with Web3 applications, other users, and blockchains using public wallet addresses. User Authentication is the Web3 gateway to data ownership, privacy, accessing Web3 applications (dApps), and interacting with the blockchains. For a traditional Web2 user, all these privacy and security benefits of Web3 come at the cost of significantly increased complexity involved in generating and managing cryptographic keys, especially in current times fraught with cryptocurrency frauds and hacks.
Looking at the cryptocurrency madness, scams, churn and accompanying noise from a wider perspective, one could perceive that some of this chaos is rather an essential artifact of any fast evolving technology. Churn can cleanse any system of its bad actors and bring the ones with mettle to BUIDL into the fore and seize the opportunities. Web3 core infrastructure and technology continues to drive the global blockchain market expectations. Crypto wallet market size is pegged at USD 48.27 billion by 2030, registering a CAGR of 24.4% and the global blockchain market size is expected to grow from $10.13 billion in 2022 to $17.21 billion in 2023 at a compound annual growth rate (CAGR) of 70.0%. Given all the good and not so good attention garnered by Web3 and the growing importance of Web3 user authentication, the barrier to entry in Web3 ecosystem is relatively much higher, both for application users as well as the developers. The existing solutions in the market leave much to be desired when it comes to addressing both ends of the requirements spectrum, the users as well as the developers, especially for Web3 onboarding and user experience in signing blockchain transactions.
This is where Arcana Auth is well positioned to make a huge difference and be a game changer. In this paper, we talk about how Arcana Auth enables application developers to lower the barriers to entry for Web3 users by simplifying Web3 authentication, speeding up user onboarding and reducing the friction involved in getting started with dApps and blockchain interactions. We present our manifesto, design goals, core concepts, system architecture and future work.
Arcana Network is committed to simplifying user data privacy with complete security from the ground up. Besides user authentication, we have also set our eyes on data privacy and access control as outlined in our earlier paper here. For now, in the interest of judiciously utilizing our time and resources, we have narrowed down our focus to first solving user authentication and then retraining our guns towards a holistic, decentralized Web3 data storage platform. In that spirit, driven by the principles of Privacy by Design [7] and our personal outlook towards how user data should be stored/shared, we have arrived at a set of principles to guide us on our journey: