The authentication layer is a crucial component of cryptocurrency systems, ensuring that users accessing the platform are who they claim to be. It typically involves processes such as password management, two-factor authentication (2FA), and biometric verification to bolster security.By requiring users to provide multiple credentials or forms of identification, the authentication layer helps protect against unauthorized access and fraud. This layer acts as the first line of defense against cyber attacks, safeguarding users’ accounts and their digital assets.Moreover, the authentication layer can include cryptographic methods, such as public and private keys. These keys enable secure transactions between users and further enhance the trustworthiness of the platform. In summary, the authentication layer plays an essential role in maintaining security and integrity in cryptocurrency systems, ensuring that users can safely engage in transactions and manage their assets.