A keyless wallet is a type of cryptocurrency wallet that allows users to manage their digital assets without needing to handle private keys directly. In traditional wallets, private keys are crucial for accessing and controlling funds. However, keyless wallets streamline this process by using alternative authentication methods.These wallets often rely on multi-party computation or threshold signatures. This means that instead of a single key, multiple parties share the responsibility for securing access. Users authenticate themselves through simpler methods like biometrics or passwords. The main advantage of keyless wallets is enhanced security. By minimizing the risks associated with key management, such as loss or theft of private keys, users can still enjoy secure access to their assets. Additionally, keyless wallets offer improved usability, making it easier for newcomers to enter the cryptocurrency space without needing deep technical knowledge. Overall, they aim to provide a balance between security and convenience for managing digital currencies.