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The War on Passwords Is One Step Closer to Being Over
(www.wired.com)
This is a most excellent place for technology news and articles.
Correct. The spec is about making it easier and more secure to export your passwords and passkeys when you move from one password manager to another. People are misunderstanding this as some sort of federated authentication system to share your credentials between multiple password managers at the same time, which it is not.