ThresholdSig — Blog

Crypto Wallets 2.0, Improving Asset Security and Agility

In 2008, the same year that Satoshi Nakamoto published the famous Bitcoin white paper, a group of cryptography researchers in Denmark implemented the first production deployment of a technique known as Multiparty Computation (MPC). It was not obvious at that time, but MPC would ultimately become the basis for Crypto Wallets 2.0, ushering in an era of increased security for institutional- and consumer-grade wallets, with native support for any digital asset.

Yet another reminder, Account Security = Key Security

The announcement last week of Fusion Foundation’s $6.4M cryptocurrency theft was not major in terms of the magnitude of the loss on market scale, but it’s an important reminder that even the best secured wallets are no more secure than the security of the keys that protect them. The resulting loss of more than 80% in market cap value, (now improved to 40%) is also a reminder of the consequences to shareholders when such events happen.

DA Custody Wallet, Cryptocurrency, Threshold Signature, Multiparty ComputationSepiorOctober 9, 2019Cryptocurrency, ThresholdSignature, KeyManagementSolutions, MPC, Custody, Fusion Foundation, Cryptocurrency theft, ThresholdSig, Threshold signature, key security, secure MPC

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