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Crypto Wallets / Re: coinbase Smart Wallet
« on: June 06, 2024, 07:58:41 PM »Coinbase launches a new wallet, it describes as A New Era in Crypto Wallets, which can be identified from the quote below.So a time has come when they start calling seed phrases traditional haha, I mean it came a little early I thought maybe people would be amazed for the next 10 years to hear they can store there whole generational wealth in 12 or 24 words. Well, if it's traditional then how can these passkeys be so advanced? AFAIK passkey can be anything like 2FA, fingerprint, etc., etc. Or they have something else in their minds.
So they are using Passkeys and I don't know how the gas fees will be lower or the transfers will be cheaper.
Supporting only 8 and excluding BTC is a bit odd I think they promoting Base haha, As $15k giveaway for devs to cover the fee only on Base is a bit unfair for other 7 networks. Even if they don't give any importance to it (hehe). Overall, its a great move to advertise such product, but I would still want to stick with 12 seed phrases as traditional is good at the moment. Being too advance sometimes necessary. And for me, this wallet maybe of not or lesser usage.