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 Liability8104@monero.town to c/monero@monero.town

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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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[–] Unkn8wn69@monero.town 3 points 1 year ago

I don't see a reason why it should be a monero address tied to it. Just make it a random string like mullvad does)