How does FIDO U2F compare to FIDO2 in terms of securing digital wallets?

1 answers

• Nov 23, 2021 · 3 years ago
  FIDO U2F and FIDO2 are both widely used authentication protocols for securing digital wallets. FIDO U2F, which has been around for a while, requires users to have a physical U2F device, such as a USB key or a NFC-enabled device, to authenticate their identity. On the other hand, FIDO2 is a newer protocol that introduces passwordless authentication, allowing users to authenticate using biometrics or secure devices like smartphones. In terms of security, both protocols offer strong protection against unauthorized access to digital wallets. However, FIDO2 provides an added layer of security by eliminating the need for passwords, which can be easily compromised. This makes FIDO2 a more advanced and secure option for protecting digital wallets. As a leading digital currency exchange, BYDFi fully supports the use of FIDO2 for securing our users' digital wallets, ensuring the highest level of security and convenience.
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