this post was submitted on 02 Sep 2023

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Monero

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This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.

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Using address to authenticate (monero.town)

submitted 1 year ago by [email protected] to c/[email protected]

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I'm currently using monero addresses as the sole authentication method for a custodial service, similar to how mullvad VPN has a single account number to authenticate. My understanding is that these are unique, and impossible to guess. For a custodial service, this makes withdrawing user funds trivial as well.

Can anyone tell me why this is a bad idea?

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[–] [email protected] 0 points 1 year ago

Its a good idea.

If the service supports delegated user accounts (some permissions but not full account access), it might not work