user940: I would like to ask if it is possible to implement 2FA at the wallets of cardano for increased security. As I see it we like to attract people from developing world they don't have access to hardware wallets and definitely the price of them isn't helping.
So is it possible?

user67: 2FA (in the traditional sense) relies on a shared secret. By design, this can only work in a centralized environment like an exchange or an online wallet, not with a wallet that interacts directly with the blockchain.
But there are other ways to achieve this, and a multi-sig would be possible and kind of the blockchain equivalent of 2FA. Multi-sig means, for example, you need two private keys to access the funds. (both keys should live on different devices)
There are also more advanced and configurable multi-sig solutions (m-of-n type) like: there are three private keys (m), and two of them (n) are sufficient to control the funds. We will see beautiful solutions here in the future.

940: <p>I would like to ask if it is possible to implement 2FA at the wallets of cardano for increased security. As I see it we like to attract people from developing world they don't have access to hardware wallets and definitely the price of them isn't helping.
So is it possible?</p>
 67: <p>2FA (in the traditional sense) relies on a shared secret. By design, this can only work in a centralized environment like an exchange or an online wallet, not with a wallet that interacts directly with the blockchain.</p>
<p>But there are other ways to achieve this, and a multi-sig would be possible and kind of the blockchain equivalent of 2FA. Multi-sig means, for example, you need two private keys to access the funds. (both keys should live on different devices)</p>
<p>There are also more advanced and configurable multi-sig solutions (m-of-n type) like: there are three private keys (m), and two of them (n) are sufficient to control the funds. We will see beautiful solutions here in the future.</p>
