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Zero-Knowledge WaaS a Prospective Standard Configuration for Web3 Application-Layer Products — Pengyu Wang

Zero-Knowledge WaaS a Prospective Standard Configuration for Web3 Application-Layer Products — Pengyu Wang

According to Pengyu Wang, the founder of Particle Network, developer solutions known as zero-knowledge wallet-as-a-service (ZK-WaaS) embody Web3 principles and “are highly performant” which in turn makes them “an evergreen solution that will become the industry standard.” Wang also points to how zero-knowledge technology helps ensure a core principle of Web3, asset sovereignty for end users, is upheld.

‘Complexities Associated With Traditional Web3 Wallets’

In written answers sent to Bitcoin.com News, Wang also pointed to how WaaS can turn out to be a developer solution that ultimately brings the masses to Web3. According to the Particle Network founder, this is due to the fact that WaaS wallets are not burdened with the “complexities [often] associated with traditional Web3 wallets.”

When asked about some of the complexities stopping prospective users from seeking to utilize Web3 wallets, Wang identified three main contributing factors. One of these factors relates to the perceived complexity of managing and safeguarding private keys and seed phrases. Poor user experience as well as the multiple signature requirement for on-chain transactions are the other two contributing factors.

Meanwhile, in the rest of his written answers sent to Bitcoin.com News via Linkedin, Wang also shared his views on intent-centric design in Web3 wallets and why this should concern both users and developers of decentralized applications. He also touched on how Web2 companies can better prepare for Web3 integration. Below are the rest of Pengyu Wang‘s answers to the questions sent.

Bitcoin.com News (BCN): For most users, wallets are where their Web3 journey begins, storing digital assets, facilitating transactions, and acting as users’ digital identities. What are some of the attributes of wallets you think contribute to complicating user interactions?

Pengyu Wang (PW): Some of the key issues that contribute to the complexity for users include:

  1. Private Key Complexity: Managing and safeguarding lengthy private keys and seed phrases can be daunting, especially for newcomers, creating security concerns.
  2. Poor User Experience: Many wallet interfaces lack user-friendly designs and essential features, making the user experience less intuitive and frustrating for those seeking easy access to NFTs or native token swaps.
  3. Multiple Signatures: Users often encounter multiple signature requirements during on-chain transactions. For instance, a simple USDC to ETH swap may involve a two-step process, adding friction to the user interaction. Streamlining this process can reduce friction and enhance the user experience.

BCN: What’s wallet-as-a-service (WaaS) and in what ways does it help developers build Web3 experiences accessible to not-so-crypto-savvy users? Also, how does it compare to the normal decentralized exchange or centralized exchange-based wallets?

PW: WaaS is a developer-friendly solution for seamlessly integrating Web3 wallets into native platforms, enhancing accessibility for all users. It appeals to non-crypto users as well by removing complexities associated with traditional Web3 wallets. Particle Network’s MPC-TSS technology provides users with a non-custodial embedded wallet, superior to centralized exchange (CEX)-based wallets.

Compared to conventional decentralized exchange (DEX) or CEX-based wallets, WaaS offers distinct advantages:

  • Swift Onboarding: Particle’s WaaS enables new users to access Web3 in just 20 seconds, thanks to social logins integrated directly into the application’s interface. This is a significant improvement over traditional wallets, which can take several minutes to set up.
  • Customization: Developers have the flexibility to tailor WaaS to suit their specific business requirements. They can seamlessly integrate it with their platform, incorporating features such as transaction capabilities and NFT displays.
  • Enhanced User Efficiency: WaaS boosts user efficiency for on-chain transactions by eliminating the need to leave a dApp for transaction signatures. Users enjoy a seamless experience without switching to third-party external wallets, improving overall usability in Web3 applications (eg: Web3 mobile games).

BCN: Users tend to expect absolute sovereignty over their assets and information. Your company Particle Network recently unveiled the upgraded V2 of its WaaS solution with zero-knowledge technology. Could you tell our readers more about how this upgrade helps to ensure confidential transactions, login, and other interactions?

PW: By introducing zero-knowledge proof (ZKP) technology into our existing product suite, we’re enabling users to experience Confidential Login and Confidential Transactions. The Confidential Login feature ensures user login privacy by concealing the connection between their Web2 identities and wallet addresses. Users only need to plug into Particle Network and their activity will be protected with ZKP when using them. This approach aligns with our vision for Web3 wallet infrastructure, which goes beyond signature and private key management to encompass comprehensive data protection.

Regarding Confidential Transactions, our approach focuses on safeguarding user privacy at the address level rather than the asset level. This also enhances user transaction privacy through the use of one-time, temporary addresses, effectively preventing any linkage without the necessity for additional smart contracts or consensus layer forks.

BCN: Do you believe that ZK-WaaS will at some point become the standard configuration for Web3 application-layer products? If yes, can you share reasons to support your position on this issue?

PW: Absolutely, and here’s why. Our ZKwaas solution covers all the bases—Efficiency, Privacy, and Intelligence.

  • Efficiency: We maintain user-friendliness with social logins, an efficient onboarding method for new users.
  • Privacy Protection: With ZK technology, we are able to ensure absolute asset sovereignty for end users, which is a core principle of Web3.
  • Intelligence: Our modular ZKwaas combined with Account Abstraction offers intelligent user interactions, including gasless transactions, session keys and other operations

In essence, it embodies Web3 principles, supports mass adoption, and is highly performant, therefore making it an evergreen solution that will become the industry standard.

BCN: According to various media reports, your WaaS solution has garnered more than 15 million users in about a year. What do you think helped you achieve this milestone?

PW: Our success can be summarized in three key points:

  • Emergence of Pan-User Web3 Applications: The proliferation of pan-user Web3 applications, especially high-quality games and innovative social products, has been instrumental. These applications attract a broad audience, including existing Web2 users, driving demand for our B2B2C Wallet-as-a-Service products.
  • Focused and Developer-Centric Approach: Our unwavering focus on WaaS has allowed us to effectively address both developers’ and end-users’ needs. We employ MPC-TSS technology for non-custodial security and offer a Smart WaaS solution. This not only benefits end-users with session keys and gasless transactions but also ensures developers’ concerns regarding security and privacy are addressed comprehensively.
  • Strategic Partnerships: Strong industry connections, forged through partnerships with networks like BNB Chain, Linea, NEAR, Sei, and zkSync, as well as infrastructure partners like CertiK and Biconomy, have played a significant role in our growth.

BCN: What’s Intent-Centric Design in wallets, and why should decentralized app developers and users care about it?

PW: The need for intent-centric design arises from two key factors:

  • Empowering User Autonomy: In the crypto industry, user empowerment is fundamental, granting control over assets, data, and information. However, this autonomy requires users to actively manage every minor on-chain operation, which can become cumbersome.
  • Complex Interactions: With the evolution of the industry, blockchain scenarios have grown more intricate, involving numerous authorizations and subjective judgments. Users now face increased demands, such as setting gas fees and adjusting slippage.

Intent-centric design aims to preserve user autonomy while relieving the user from having to actively manage the underlying processes. Users only need to specify the start and end of their requirements, shifting user interactions from a transaction-based to a demand-based model.

BCN: In recent years, a growing number of Web2 companies have started experimenting with Web3 solutions to streamline their processes and strengthen their connections with users. Can you briefly discuss how Web2 companies can better prepare for Web3 integration and if WaaS is one tool that can help them in this endeavor?

PW: Facilitating Web2 companies in harnessing Web3 technology has been a core part of our mission. In addition to the previously mentioned WaaS features that ease the transition for Web2 users, we would like to highlight a real-world example involving Moongate, a non-fungible token (NFT) ticketing platform. They teamed up with offline events like ethereum (ETH) Singapore, ETH HK, and GM Vietnam to implement an NFT ticketing system.

They utilized our WaaS, enabling email login and fiat currency purchases for these NFT tickets. These tickets are sent to non-custodial wallets created by our service, fulfilling three needs simultaneously:

– Event organizers looking for Web3 features with a smooth ticketing experience.
– Web2 users at offline events find it user-friendly.
– Web3 users are able to acquire NFT assets easily.

What are your thoughts about this interview? Let us know what you think in the comments section below.

Source

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    CRYPTO SCAM RECOVERY SUCCESSFUL – A TESTIMONIAL OF LOST PASSWORD TO YOUR DIGITAL WALLET BACK. My name is Robert Alfred, Am from Australia. I’m sharing my experience in the hope that it helps others who have been victims of crypto scams. A few months ago, I fell victim to a fraudulent crypto investment scheme linked to a broker company. I had invested heavily during a time when Bitcoin prices were rising, thinking it was a good opportunity. Unfortunately, I was scammed out of $120,000 AUD and the broker denied me access to my digital wallet and assets. It was a devastating experience that caused many sleepless nights. Crypto scams are increasingly common and often involve fake trading platforms, phishing attacks, and misleading investment opportunities. In my desperation, a friend from the crypto community recommended Capital Crypto Recovery Service, known for helping victims recover lost or stolen funds. After doing some research and reading multiple positive reviews, I reached out to Capital Crypto Recovery. I provided all the necessary information—wallet addresses, transaction history, and communication logs. Their expert team responded immediately and began investigating. Using advanced blockchain tracking techniques, they were able to trace the stolen Dogecoin, identify the scammer’s wallet, and coordinate with relevant authorities to freeze the funds before they could be moved. Incredibly, within 24 hours, Capital Crypto Recovery successfully recovered the majority of my stolen crypto assets. I was beyond relieved and truly grateful. Their professionalism, transparency, and constant communication throughout the process gave me hope during a very difficult time. If you’ve been a victim of a crypto scam, I highly recommend them with full confidence contacting: 📧 Email: [email protected] 📱 Telegram: @Capitalcryptorecover Contact: [email protected] 📞 Call/Text: +1 (336) 390-6684 🌐 Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 14.10.25 08:46 robertalfred175

    CRYPTO SCAM RECOVERY SUCCESSFUL – A TESTIMONIAL OF LOST PASSWORD TO YOUR DIGITAL WALLET BACK. My name is Robert Alfred, Am from Australia. I’m sharing my experience in the hope that it helps others who have been victims of crypto scams. A few months ago, I fell victim to a fraudulent crypto investment scheme linked to a broker company. I had invested heavily during a time when Bitcoin prices were rising, thinking it was a good opportunity. Unfortunately, I was scammed out of $120,000 AUD and the broker denied me access to my digital wallet and assets. It was a devastating experience that caused many sleepless nights. Crypto scams are increasingly common and often involve fake trading platforms, phishing attacks, and misleading investment opportunities. In my desperation, a friend from the crypto community recommended Capital Crypto Recovery Service, known for helping victims recover lost or stolen funds. After doing some research and reading multiple positive reviews, I reached out to Capital Crypto Recovery. I provided all the necessary information—wallet addresses, transaction history, and communication logs. Their expert team responded immediately and began investigating. Using advanced blockchain tracking techniques, they were able to trace the stolen Dogecoin, identify the scammer’s wallet, and coordinate with relevant authorities to freeze the funds before they could be moved. Incredibly, within 24 hours, Capital Crypto Recovery successfully recovered the majority of my stolen crypto assets. I was beyond relieved and truly grateful. Their professionalism, transparency, and constant communication throughout the process gave me hope during a very difficult time. If you’ve been a victim of a crypto scam, I highly recommend them with full confidence contacting: 📧 Email: [email protected] 📱 Telegram: @Capitalcryptorecover Contact: [email protected] 📞 Call/Text: +1 (336) 390-6684 🌐 Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 14.10.25 08:46 robertalfred175

    CRYPTO SCAM RECOVERY SUCCESSFUL – A TESTIMONIAL OF LOST PASSWORD TO YOUR DIGITAL WALLET BACK. My name is Robert Alfred, Am from Australia. I’m sharing my experience in the hope that it helps others who have been victims of crypto scams. A few months ago, I fell victim to a fraudulent crypto investment scheme linked to a broker company. I had invested heavily during a time when Bitcoin prices were rising, thinking it was a good opportunity. Unfortunately, I was scammed out of $120,000 AUD and the broker denied me access to my digital wallet and assets. It was a devastating experience that caused many sleepless nights. Crypto scams are increasingly common and often involve fake trading platforms, phishing attacks, and misleading investment opportunities. In my desperation, a friend from the crypto community recommended Capital Crypto Recovery Service, known for helping victims recover lost or stolen funds. After doing some research and reading multiple positive reviews, I reached out to Capital Crypto Recovery. I provided all the necessary information—wallet addresses, transaction history, and communication logs. Their expert team responded immediately and began investigating. Using advanced blockchain tracking techniques, they were able to trace the stolen Dogecoin, identify the scammer’s wallet, and coordinate with relevant authorities to freeze the funds before they could be moved. Incredibly, within 24 hours, Capital Crypto Recovery successfully recovered the majority of my stolen crypto assets. I was beyond relieved and truly grateful. Their professionalism, transparency, and constant communication throughout the process gave me hope during a very difficult time. If you’ve been a victim of a crypto scam, I highly recommend them with full confidence contacting: 📧 Email: [email protected] 📱 Telegram: @Capitalcryptorecover Contact: [email protected] 📞 Call/Text: +1 (336) 390-6684 🌐 Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 18:07 crypto

    Cryptocurrency's digital realm presents many opportunities, but it also conceals complex frauds. It is quite painful to lose your cryptocurrency to scam. You can feel harassed and lost as a result. If you have been the victim of a cryptocurrency scam, this guide explains what to do ASAP. Following these procedures will help you avoid further issues or get your money back. Communication with Marie ([email protected] and WhatsApp: +1 7127594675) can make all the difference.

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 17.10.25 20:17 tyleradams

    As time passes, there are an increasing number of frauds involving Bitcoin and other cryptocurrencies. Although there are many individuals who advertise recovering money online, people should use caution in dealing, especially when money is involved. You can trust NVIDIA TECH HACKERS [[email protected]], I promise. They are the top internet recovery company, and as their names indicate, your money is reclaimed as soon as feasible. My bitcoin was successfully retrieved in large part thanks to NVIDIA TECH HACKERS. Ensure that you get top-notch service; NVIDIA TECH HACKERS provides evidence of its work; and payment is only made when the service has been completed to your satisfaction. Reach them via email: [email protected] on google mail

  • 17.10.25 20:20 lindseyvonn

    Have you gotten yourself involved in a cryptocurrency scam or any scam at all? If yes, know that you are not alone, there are a lot of people in this same situation. I'm a Health Worker and was a victim of a cryptocurrency scam that cost me a lot of money. This happened a few weeks ago, there’s only one solution which is to talk to the right people, if you don’t do this you will end up being really depressed. I was really devastated until went on LinkedIn one evening after my work hours and i saw lots of reviews popped up on my feed about [email protected], I sent an email to the team who came highly recommended - [email protected] I started seeing some hope for myself from the moment I sent them an email. The good part is they made the entire process stress free for me, i literally sat and waited for them to finish and I received what I lost in my wallet

  • 17.10.25 20:22 richardcharles

    I would recommend NVIDIA TECH HACKERS to anyone that needs this service. I decided to get into crypto investment and I ended up getting my crypto lost to an investor late last year. The guy who was supposed to be managing my account turned out to be a scammer all along. I invested 56,000 USD and at first, my reading and profit margins were looking good. I started getting worried when I couldn’t make withdrawals and realized that I’ve been scammed. I came across some of the testimonials that people said about NVIDIA TECH HACKERS and how helpful he has been in recovering their funds. I immediately contacted him in his mail at [email protected] so I can get his assistance. One week into the recovery process the funds were traced and recovered back from the scammer. I can't appreciate him enough for his professionalism.

  • 17.10.25 20:23 stevekalfman

    If you need a hacker for scam crypto recovery or mobile spy access remotely kindly reach out to [email protected] for quick response, I hired this hacker and he did a nice job. before NVIDIA TECH HACKERS, I met with different hacker's online which turns out to be scam, this NVIDIA TECH HACKERS case was different and he is the trusted hacker I can vote and refer.

  • 17.10.25 21:42 marcushenderson624

    Bitcoin Recovery Testimonial After falling victim to a cryptocurrency scam group, I lost $354,000 worth of USDT. I thought all hope was lost from the experience of losing my hard-earned money to scammers. I was devastated and believed there was no way to recover my funds. Fortunately, I started searching for help to recover my stolen funds and I came across a lot of testimonials online about Capital Crypto Recovery, an agent who helps in recovery of lost bitcoin funds, I contacted Capital Crypto Recover Service, and with their expertise, they successfully traced and recovered my stolen assets. Their team was professional, kept me updated throughout the process, and demonstrated a deep understanding of blockchain transactions and recovery protocols. They are trusted and very reliable with a 100% successful rate record Recovery bitcoin, I’m grateful for their help and highly recommend their services to anyone seeking assistance with lost crypto. Contact: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Email: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 17.10.25 21:42 marcushenderson624

    Bitcoin Recovery Testimonial After falling victim to a cryptocurrency scam group, I lost $354,000 worth of USDT. I thought all hope was lost from the experience of losing my hard-earned money to scammers. I was devastated and believed there was no way to recover my funds. Fortunately, I started searching for help to recover my stolen funds and I came across a lot of testimonials online about Capital Crypto Recovery, an agent who helps in recovery of lost bitcoin funds, I contacted Capital Crypto Recover Service, and with their expertise, they successfully traced and recovered my stolen assets. Their team was professional, kept me updated throughout the process, and demonstrated a deep understanding of blockchain transactions and recovery protocols. They are trusted and very reliable with a 100% successful rate record Recovery bitcoin, I’m grateful for their help and highly recommend their services to anyone seeking assistance with lost crypto. Contact: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Email: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 17.10.25 21:42 marcushenderson624

    Bitcoin Recovery Testimonial After falling victim to a cryptocurrency scam group, I lost $354,000 worth of USDT. I thought all hope was lost from the experience of losing my hard-earned money to scammers. I was devastated and believed there was no way to recover my funds. Fortunately, I started searching for help to recover my stolen funds and I came across a lot of testimonials online about Capital Crypto Recovery, an agent who helps in recovery of lost bitcoin funds, I contacted Capital Crypto Recover Service, and with their expertise, they successfully traced and recovered my stolen assets. Their team was professional, kept me updated throughout the process, and demonstrated a deep understanding of blockchain transactions and recovery protocols. They are trusted and very reliable with a 100% successful rate record Recovery bitcoin, I’m grateful for their help and highly recommend their services to anyone seeking assistance with lost crypto. Contact: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Email: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

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