Crypto Currency

An Introduction to Ethereum and Smart Contracts: an Authentication Solution

Bitcoin took the world by surprise in the year 2009 and popularized the idea of decentralized secure monetary transactions. The concepts behind it, however, can be extended to much more than just digital currencies. Ethereum attempts to do that, marrying the power of decentralized transactions with a Turing-complete contract system.

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In this post we teamed up with Ivo Zieliński, Konrad Kozioł, David Belinchon, and Nicolás González from GFT’s Innovation Team to develop a practical application of an Ethereum-based login system for Ethereum users. This system will allow any Ethereum user to prove ownership of an Ethereum account without using his or her private-key each time such proof is required, which is ideal for login systems.

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Think of “Login with Facebook” for Ethereum users. Read on!

Read the complete article here.

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