Private Keys: A Single Point of Failure

Wallets with private keys are a popular choice as they have been introduced to the community since the beginning of the crypto industry. Most of the traditional wallets existing on the market have private keys, having the same critical vulnerability rooted in the underlying digital signature technology based on asymmetric encryption.

What does Keyless Wallet mean?

Wallets with private keys are a popular choice as they have been introduced to the community since the beginning of the crypto industry. Most of the traditional wallets existing on the market have private keys, having the same critical vulnerability rooted in the underlying digital signature technology based on asymmetric encryption.

Multisig vs. MPC-based Wallets

Multi-signature refers to a digital signature process that enables multiple users to sign a single transaction on behalf of the group, and each multi-signature address is associated with several private keys. MPC-Based wallets do not have private keys; instead, they have multiple independent key shares distributed among several parties and that are used to jointly […]