Introducing the Auth Network
Announcing decentralization roadmap, AUTH token and inviting Guardians to join the incentivized testnet
For years, we have been eliminating seed phrases and replacing them with user-friendly wallets and authentication tools powered by multi-party computation (MPC) and threshold-key cryptography. Today, Web3Auth powers over 400 dapps and wallets, and secures more than 9 million users worldwide. It’s grown to become one of the most trusted authentication suites in Web3, and has become a favorite of developers seeking to onboard users in a familiar yet secure and non-custodial way.
In January, we rebranded our authentication SDK, formerly known as Torus, to Web3Auth. Today, we’re excited to share that we’re formally rebranding the Torus Network, the MPC infrastructure that powers Web3Auth, to The Auth Network. After today, the Torus brand will cease to exist; instead, our developer tooling and the network that powers it will live on under the Auth brand.
In addition to re-branding, we’ve been busy developing an ambitious new roadmap for the Auth Network. We’re excited to share that today, and more — the complete vision for the Auth Network, its near-term roadmap, and a new token that will power it all. Collectively, the contents below represent our current ambitions and the path we see to onboard a billion people into Web3.
Auth Network: The Future of Web3 Authentication
In crypto there is a saying that goes, ”Not your keys, not your crypto.’ This phrase, more than most, exemplifies the importance of self-custodial software, — However, as important as self-custodial software has become, it’s still far from mainstream. We have yet to hit the inflection point where self-custody applications are the default. This is both the problem and the opportunity we seek to address with Web3Auth.
The Auth Network today is a permissioned network that consists of 9 nodes run by some of the most trusted and credible companies and projects in crypto, including Binance, ENS, Etherscan, Zilliqa and others. However, in order to build an infrastructure worthy of the trust of developers and billions of users, we recognize that the Auth Network must be fully decentralized. And so, the first step in our plan is to transition the network from being permissioned to permissionless, which will allow anyone to participate as a Network Guardian.
In addition to improving network integrity and trustworthiness, decentralization will also help the network scale. Right now, the Auth Network scales to comfortably support around 200 million users. The next iteration will be built off Parity Substrate’s scaffolding, payment channels and various TSS/MPC schemes in preparation for the next wave of crypto users coming online — be that billions of users.
Decentralization also improves load times. Right now, depending on where you are in the world, it can take up to two seconds to authenticate and login to an application. That’s far too long. Decentralizing the network will enable us to improve geo-latency and hopefully reduce loading times into the milliseconds. Similarly, all of the network’s metadata is currently stored on a mixture of cached servers and IPFS. In the process of decentralizing, we plan to create a new incentivized data availability layer that will also help accelerate load times.
The Auth Network will only succeed if it’s the most decentralized and performant authentication network in the world. These values are baked deeply into our roadmap, and, as we begin our decentralization process, we invite the community to join us on this journey and comment on our plans.
The Decentralization Roadmap
Decentralization is a spectrum, but our path is clear. We have exciting milestones approaching, including testnets and feature upgrades that the Auth Network will enable. Below is our decentralization sequence, starting with the launch of the Guardian Program, which kicks off today.
The Auth Token
In the process of decentralizing the Auth Network we’ll be introducing a new token — the AUTH token — to help coordinate the MPC that enables keys to be stored in a distributed, self-custodial fashion and reconstructed on demand with a series of shards. The token will be used to coordinate Network Guardians, incentivize network participation and uptime, and secure the integrity of the keybase.
Much like the network itself, the tokenomics for AUTH token will be unique and be used to incentivize and distribute resources across the different stakeholders in the network. It will enable wallets, apps and their users to leverage on the security of the node providers as well as guarantee consensus of the network.
We will announce more details about the token and the economics of the Auth Network in a future post. In the meantime, we plan to expand our Guardian base set through a new membership program and incentivized testnet.
Join The Guardian Program
The Guardian Partner Program is an incentivized testnet program. It is most suitable for :
- Wallets and applications already using Web3Auth
- Affiliate or distribution partners who are keen on the Auth Network
- Large entities in the crypto ecosystem
Guardians are network participants who commit to running a full node in the Auth Network testnet and mainnet. So far, some of the largest ecosystem stakeholders, such as Polygon, Skyweaver, GoodDollar, Chainsafe, SOCOL, P2P Validators have joined the Guardian Partner Program.
Guardians who participate in the testnet will be compensated as will be determined in the network economics.
Join us to create the non-custodial world.
If you too share our vision of onboarding a billion people into Web3, sign-up for the incentivized testnet and become a Guardian by filling in the form here.