In the realm of online security, a shift is underway as passkeys gain traction among tech giants like Apple, Google, Microsoft, and Amazon. 

These innovative authentication methods offer a more seamless login experience and bolster cybersecurity against threats like malware and phishing. However, traditional passwords still hold their ground, allowing users to retain control over their security preferences.

A password is a unique combination of characters, including upper and lower case letters, numbers, and symbols, used to verify a user's identity. While originally designed to be memorized or manually recorded, they can now be securely stored online with tools like NordPass.

Passkeys, the technologically advanced successors to passwords, rely on PINs, swipe patterns, or biometric data (such as fingerprints or facial scans) for identity verification. They leverage the WebAuthn standard for public-key cryptography, generating a unique key pair on user devices, making them impervious to theft or forgetfulness.

Passkeys and passwords vary fundamentally in design, approach, and effectiveness in securing accounts. Here are some key distinctions:

Passwords are susceptible to hacking, especially those with fewer than 10 characters. Passkeys, on the other hand, utilize biometric data and cryptographic methods, drastically reducing vulnerability. Only with access to the user's authenticator device and biometric information can a passkey be breached.

Creating, recalling, and managing complex passwords can be arduous and time-consuming, leading to 'password fatigue.' Passkeys, once set up, facilitate quick and seamless authentication, eliminating the need to remember multiple passwords.

Passkeys have a significantly higher success rate compared to passwords. Recent data from Google revealed that while passwords succeed only 13.8% of the time, passkeys boasted a success rate of 63.8%.

Although passkeys are gaining traction, they are not yet universally supported. Familiarity with passwords and concerns over passkey error handling and biometric privacy contribute to their slower adoption.

While passkeys represent a significant leap forward in security and user-friendliness, the demise of passwords is a gradual process. The established dominance of passwords, spanning over half a century, requires a patient transition. Behavioral habits and the need for technological refinement play pivotal roles in this shift.

Presently, passkey usage is seldom mandatory, allowing users to choose their preferred verification method. For sites exclusively supporting passwords, outsourcing password management is advisable, with various free tools available to assess password strength.

In conclusion, the future of online authentication is evolving towards passkeys, offering a more secure and user-friendly experience. However, the transition from passwords will be a gradual one, shaped by technological advancements and user behavior.