Authereum is an Ethereum-based wallet and dApp login solution. It allows users to easily interact with web 3 applications via any browser, using nothing but a username and password.

Until recently, popular web 3.0 wallets have required the use of specific web browsers, extensions, or additional apps in order to connect to Ethereum dApps.

By enabling the use of just a username and password, Authereum has removed the need for the additional installation of any extra software, greatly improving accessibility for non-technical users

Background

Authereum was founded May 15th 2019, by Chris Whinfrey, Miguel Mota and Shane Fontaine.

The project closed a seed round in February 2020, raising $1.1 million from investors including Coinbase Ventures and Synapse Capital.

Why Authereum?

Accessing dApps is an arduous process, even with popular and useful tools such as Metamask. Due to the need for special browsers and browser extensions, interactions with dApps are significantly limited to certain devices – most often desktop browsers.

Authereum is designed to make web3 accessibility easy for non-technical users. By removing extra steps such as installing new software and backing-up wallets, Authereum provides an extremely simple and intuitive onboarding process.

To make things even easier, Authereum has teamed up with Wyre to allow US users to purchase crypto using fiat currency, without the need for a third-party exchange.

The solution sacrifices no security for ease-of-use, remaining completely non-custodial. This means that users remain in total control of their funds at all times.

Authereum is also extremely easy for developers to integrate into their dApps; all they have to do is copy and paste a few lines of code into their existing program.

Token Compatibility

The wallet supports most Ethereum-based assets, along with non-fungible tokens (NFTs).

The default token in the wallet is Dai, to harness the familiarity of US dollar denominations. A user can even choose to use Dai for fees so that they never have to use Ether for gas.

How Does It Work?

To get started, visit https://authereum.com/

Click on “Sign up”.

Enter a desired username, and click “Continue”.

Users will then be required to enter an email address and password, subsequently agreeing to the terms and conditions. Once all fields are complete, click “Sign up”.

Users will then need to validate their email address, using the link sent to their inbox.

If desired, users can set up a recovery phrase or account – although this is optional, it is highly recommended.

At this stage, Authereum will be almost ready to use! To begin transacting and interacting with dApps, one simply needs to fund their account with some cryptocurrency, using one of the two options above.

Using Authereum to access a dApp

Now, let’s take a look at what it looks like to connect to a dApp using Authereum, using their Uniswap demo.

Above is the Uniswap dApp homepage. To begin, click “Connect to a Wallet”.

Select “Authereum”, from the options presented.

A popup window will appear. Select “Sign in”, near the top of the window.

From here, users simply needs to enter their username and password, and they’re good to go!

How to Get Involved?

To stay in the loop with all of the latest news and updates in the Authereum world, give them a follow on Twitter, or jump into their Telegram channel.

Their official blog is on Medium, where they post in-depth insights into all of their developments and releases.