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Partisia Blockchain

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Reddit Posts

r/CryptoCurrencySee Post

On-chain privacy: TEEs vs ZK proofs

r/CryptoCurrencySee Post

On-chain privacy: TEEs vs ZK proofs

r/CryptoCurrencySee Post

Time for Crypto Caution: Only buy BTC & ETH

r/CryptoCurrencySee Post

After recording a staggering 10% inflation, UK sees a 1.150% jump in crypto trading Lisa Cameron, UK's MP says they will become an international hub of Crypto and Digital Assets.

r/CryptoCurrencySee Post

Meta Platforms Follows Blockchain Firms in Joining Cryptographic Privacy Group MPC Alliance

r/CryptoCurrencySee Post

The Path to Mass Adoption

r/BitcoinSee Post

Intro to sMPC

r/CryptoCurrencySee Post

A Technical Deep Dive into How Meta is Using Oasis Labs' Privacy-Preserving Technology

r/CryptoCurrencySee Post

"Not another seed phrase post..."

r/CryptoMarketsSee Post

Nobody should pay more than they have to for an asset

r/CryptoMarketsSee Post

No one wants to pay more than they have to for an asset

r/CryptoCurrencySee Post

$100 of crypto stolen in less than 1 hour. A note about safety using iCloud with your crypto wallet

r/CryptoCurrencySee Post

If you've ever thought about using a Web3 crypto wallet but are worried about a seed phrase, this will be music to your ears!

r/CryptoCurrencySee Post

(Shared) crypto wallet for small teams

r/CryptoCurrencySee Post

How will crypto help in management of output gap? (Explained in the post ahead)

r/CryptoCurrencySee Post

Extremely fascinating power point presentation given by MIT Economics professors to the Bank of Brazil about the uses, benefits, costs of CBDCs and the technology behind them. Super interesting read, highly recommend to anyone interested in what a CBDC would look like.

r/CryptoMoonShotsSee Post

How safe is ZenGo crypto wallet?

r/CryptoMarketsSee Post

How safe is ZenGo crypto wallet?

r/CryptoCurrenciesSee Post

How safe is ZenGo crypto wallet?

r/CryptoMarketsSee Post

How safe is ZenGo crypto wallet?

r/CryptoMarketsSee Post

Wormhole Exploit Underlines Case For Greater MPC Use Across Blockchain Oracles & Bridges

r/CryptoMarketsSee Post

Exchanges Throughout Time

r/CryptoCurrencySee Post

a quick look at QREDO , a hidden gem

r/CryptoCurrencySee Post

You guys are sleeping on Qredo (QRDO)

r/BitcoinSee Post

PARTISIA

r/CryptoCurrencySee Post

Tech Innovators Lead the Charge to Ensure Bitcoin Adoption in El Salvador is a Success Open Bank Project, API3, Qredo & Sovryn Form Alliance with Banco Hipotecario to Power Bitcoinization in El Salvador

r/CryptoCurrencySee Post

Federated Learning Consortium (FLC) for Decentralized AI to Launch in Hong Kong, Receives $2M Pledge

r/CryptoCurrencySee Post

What is your preferred Privacy Preserving Computation (PPC) technique to combine with blockchain technology and why?

r/CryptoCurrencySee Post

Partisia Blockchain - a brand new player in DeFi.

r/CryptoCurrencySee Post

Crypto manipulation- Digital Currency Group (DCG)

r/CryptoCurrencySee Post

Ledgermatic’s treasury and custody services now live for the Algorand ecosystem

r/CryptoCurrenciesSee Post

Demands for crypto services are rising by traditional enterprises. UnidoEP offering security on a high lvl and a friendly interface for all non-tech users.

r/CryptoCurrencySee Post

Can blockchain and MPC technology protect the integrity of auctions?

r/SatoshiStreetBetsSee Post

Do you know the legend Jonathan Passerat-Palmbach

r/CryptoCurrencySee Post

Do you guys know who Jonathan Passerat-Palmbach?

r/CryptoMoonShotsSee Post

New Coin on the horizon and going even further MoonPills Coin - 0% Developer ownership - Fully verified contract - Community Approved - Influencer Backed

r/CryptoCurrencySee Post

Cardano vs IOTA, an Analysis.

r/CryptoCurrencySee Post

Nigeria will soon create digital currency

r/CryptoCurrencySee Post

Swingby - go check it out - it has huge potential

r/CryptoCurrencySee Post

Why privacy will be a key point of DeFi, and why SECRET NETWORK is one of the players you should look for

r/CryptoMoonShotsSee Post

$MICROPEEN only 40k mcap, dev is in voice chat, website is legit. No big whales.

r/CryptoMoonShotsSee Post

🚀🚀$MICROPEEN (MPC)🚀🚀 - Fair launch at 12 pm Today [3 Hours Old] 50% Burned Already🔥🔥 - 1000x Potential📈📈 has a market cap of only [6K] So much room to grow. Website active. Have A Small Peen😂😂😂? Join The Small Wang Gang🔥🔥

r/CryptoMoonShotsSee Post

🚀🚀$MICROPEEN (MPC)🚀🚀 - Fair launch at 12 pm Today [3 Hours Old] 50% Burned Already🔥🔥 - 1000x Potential📈📈 has a market cap of only [6K] So much room to grow. Website active. Have A Small Peen😂😂😂? Join The Small Wang Gang🔥🔥

r/CryptoCurrencySee Post

AAX Adds MPC Wallet for VIP and Institutional Investors - CoinQuora

r/CryptoMarketsSee Post

AAX crypto exchange has integrated MPC wallet to its system. MPC wallet encrypts and decentralizes key storage. However, the feature is only available to VIP and institutional investors for now.

r/CryptoCurrencySee Post

[Long Post] Introduction to Secret Network ("SCRT")

r/CryptoMoonShotsSee Post

[Long Post] Introduction to Secret Network ("SCRT")

Mentions

This is a scam that I experienced firsthand, but fortunately, I was wary and figured out the scam before it was too late. There are many ways this could happen, but here's one common method for an in-person seed phrase scam: 1. You meet in person to discuss the deal. 2. They ask for proof of funds but claim they can't trust any old address you give them because it could belong to someone else, which makes sense. 3. They ask you to install a new wallet and create a fresh address. This is also fine if you download the genuine wallet from an official source (Google/Apple/official website), not a copycat from a link they send. 4. They scan your QR code to send $100 or more to your address to document the new address. Since they seem to trust you, it's logical to trust them back, right? 5. You finalize the deal and leave to gather your funds to show proof. 6. You send funds to your new wallet and inform them. 7. Your wallet is drained, and they cancel the deal because you no longer have funds. So, what happened? Where did your money go? The scam happens at step 4. During the meeting, you show the scammer your phone with a QR code showing your wallet address so they can send you money. They pretend to have trouble scanning it and ask to hold your phone. You hand it over, thinking it's safe since the new app has no funds. Then, in less than 10 seconds, they access the settings, reveal your seed phrase, and take a picture. Now, they can access any funds sent to that wallet and are ready to steal your money as soon as it is funded. - - P.S. - Seed phrase scams are a major way to steal crypto. Seed phrases are confusing and risky, and it's a huge hurdle stopping mass adoption. Thankfully, new cutting-edge wallets using MPC (Multi-Party Computation) technology aeliminate the need for seed phrases altogether.

Mentions:#MPC

We offer a 12-month loan with a fixed rate. Aave rates move with supply and demand. We currently use a US regulated trust bank as custodian. I'd argue that's better than a smart contract, but ultimately we'll migrate custody to MPC wallets which is the best option. We allow for deferring interest to maturity. And your loan lets you trade on Figure Markets for free, and earn Hash rewards.

Mentions:#MPC

We use an off-chain OMS, coupled with on-chain settlement and MPC custody. The underlying blockchain is Provenance - [provenance.io](http://provenance.io)

Mentions:#MPC

This is the core problem with any use of a seed phrase. It's a massive single point of failure. I highly recommend looking into advanced MPC solutions that do not use the concept of a seed phrase. I'm biased on which one to use but DYOR and choose one that works for you.

Mentions:#MPC#DYOR

I think ETFs should fail. Owning BTC is way more powerful then an ETF. As non custodial solutions like MPC etc. get better, who would want an ETF.

Mentions:#BTC#ETF#MPC

Gridlock is an MPC wallet that is better than any cold wallet because it doesn't have a single point of failure like a cold wallet.

Mentions:#MPC

MPC wallet techniques and other infrastructure changes will make it easier to own real assets.

Mentions:#MPC

Rivalz Network as well. Actually, as they are working on the first data intel layer in AI, they are utilizing several security mechanisms including MPC, FHE, TEE, ZK...

Mentions:#MPC#TEE#ZK

tldr; Coinbase International Exchange has partnered with Fireblocks, a cryptocurrency custody firm, to enhance the security of its exchange operations. Through this partnership, Coinbase International Exchange customers can connect their accounts to Fireblocks, utilizing its governance and policy rules to safeguard withdrawals, deposits, and other activities. Fireblocks employs Multi-Party Computation (MPC) technology and secure hardware enclaves to eliminate single points of compromise and prevent threats, including insider collusion. This collaboration aims to provide a secure and reliable trading infrastructure for global clients. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Mentions:#MPC#DYOR

Gridlock MPC wallet offers the same functionality as Legacy Transfer for FREE and without any pre-set waiting time. Instead of relying on Zengo for THEIR permission to access YOUR crypto, you can simply distribute access approval across multiple trusted contacts. The result is the same functionality but faster, cheapers, and entire in YOUR control.

Mentions:#MPC#FREE

It is a fair point and one we will consider in the future. For now, our focus is building the most secure onchain crypto wallet - one that is secure by default and very difficult to mess up, even if the user does not understand the architecture behind it. It's difficult to find exact statistics, but it's clear that an overwhelming majority of all cryptoassets are kept with centralized players (well over 70%) - and one of the main reasons for this is user fear around seed phrases and getting their wallets phished/taken over. This is the main problem we are focused on now: Building the most secure wallet that allows for anyone to manage assets onchain. Introducing additional factors/shares may have control advantages, but it would likely also introduce security challenges in others - so if we do launch this, it would have to be an opt-in feature reserved for more advanced users. Zengo has one of the world's largest open-source MPC cryptographic libraries, and all of our cryptography is open source. You can see it all on our GitHub and join our Telegram group focused on MPC: [http://zengo.com/research](http://zengo.com/research) We have a more nuanced approach towards open-source "simply for open source sake" - see here: [https://zengo.com/zengo-and-open-source/](https://zengo.com/zengo-and-open-source/)

Mentions:#MPC

What you are looking for is Gridlock's MPC wallet. Compared to Zengo's centralized and custodial 2-of-2 key distribution, Gridlock uses a 3-of-5 key distribution model. This means Gridlock is not a central part of your key storage, making it an actual non-custodial wallet. Additionally, there is no need for some strange "Legacy Transfer" setup when Gridlock offers effectively the same solution for free as part of the base functionality.

Mentions:#MPC

> Zengo has well over 1 million users, and since we began 5+ years ago, not a single Zengo wallet has been phished or taken over, based on our MPC infrastructure. We have also never censored a transaction. Also, we do not know who you are (we do not KYC). While this is good, I think it’s a worthwhile problem to consider given the current regulatory climate. The fact that you have the technical ability to censor transactions means that one day you may be required to, even if you don’t want to. I also think this is a solvable problem. For example, maybe you can offer users the option to create an emergency key (generated on-device) to withdraw their funds in the case that Zengo cannot sign the transaction. They can be instructed that the key is only for emergency use as a last resort and should otherwise be stored safely for example in a safe deposit box. The MPC could be 2 of 3, so that 2 of 3 keys are needed: Zengo, the mobile device, and the emergency key. This takes away a lot of the “trust me bro” aspect of it, and possibly makes legal compliance easier for you while sticking to your core values. Btw, I also have one other question. Open source is a big part of the crypto core values, in part so that people can read through the code themselves and ensure that there are no back doors. As far as I can see, the source code for Zengo wallet is not released. Can you provide reasoning for this and whether or not it will be released?

Mentions:#MPC

Indeed - the advantage of MPC is it is chain agnostic - so Legacy Transfer applies to any asset supported by Zengo inside of your Zengo wallet, including Bitcoin, Ethereum, many ETH L2s like Base and Arbitrum One, Stablecoins, NFTs, etc.

Mentions:#MPC#ETH

We responded to your original post above but let us know if you have additional questions. We'd just highlight again, that MPC - with no seed phrase vulnerability - is much more secure and much less complicated, especially if you are a crypto noob (or your Legacy Recipient is a crypto noob).

Mentions:#MPC

You make an excellent point that highlights the value of an MPC wallet like Zengo, one that is secure by default. Because Zengo has no seed phrase or single point of failure, it is much more secure (by default) and much easier for a noob to use - even if they are completely new to crypto and the world of onchain assets. Based on the system design, only the Legacy Recipient can gain access to the Legacy Wallet (using their own Zengo wallet). We also have live, in-app 24/7 chat support and welcome Legacy Recipients to chat with us if they have any questions (support is a critical element in security, after all). You are correct in that Seed Phrase maxis may not like our MPC system because of the reliance on the Remote Share to co-sign transactions initiated by your Personal Share (from your mobile device). And that is OK. Ultimately there will be many ways to self-custody onchain assets, and we believe that MPC has been an (until recent) overlooked primitive. Every system has tradeoffs, even seed phrase wallets. Seed phrase wallets get drained. Every day. Even hardware wallets. Zengo has well over 1 million users, and since we began 5+ years ago, not a single Zengo wallet has been phished or taken over, based on our MPC infrastructure. We have also never censored a transaction. Also, we do not know who you are (we do not KYC). Ultimately it is up to the user to decide the system they want to use, but MPC, despite some of these perceived disadvantages, compensate with superior security, storage, and advanced security logic (like Legacy Transfer and Theft Protection...and soon, Multiple Accounts and Smart Vaults).

Mentions:#MPC#OK

1. How does the Legacy Transfer feature ensure that the assets remain secure during the transfer process, especially considering the absence of seed phrases? 2. Can you elaborate on the technical aspects of the 2-of-2 Multi-Party Computation (MPC) framework used in Zengo Wallet, and how it enhances the security and privacy of the users' assets?

Mentions:#MPC

Lots of questions! Will address them one-by-one: **Questions 1 and 2:** Zengo's Legacy Transfer system uses a similar recovery and security process as the architecture for wallet recovery. Since Zengo was created 5 years ago, 0 Zengo wallets have been taken over or phished (now with over 1 million customers). Learn more about our detailed Legacy Transfer system - with diagrams - in our White Paper: [https://zengo.com/secure-your-crypto-legacy-discover-legacy-transfer/](https://zengo.com/secure-your-crypto-legacy-discover-legacy-transfer/) This paper also explains our 2-of-2 MPC cryptography. **Question 3:** Legacy Transfer is a tool you can use to ensure that your Legacy Recipient can gain access to your account after a period of account inactivity. It is up to you as the user to determine how you would like to implement it. Right now you can only assign one person as your Legacy Recipient, and they must confirm on their end - but you can change or remove this person at any time if you'd like to. **Question 4:** We have a series of advanced security and self-custody features we're already launched and will be launching soon. Legacy Transfer and Theft Protection are part of Zengo Pro, and we will be releasing more features soon - learn more here: [https://zengo.com/pro/](https://zengo.com/pro/) **Question 5:** This depends on a number of factors, including where you are located in the world. Ultimately Zengo is a tool; it's a self-custodial crypto wallet; all of your assets remain onchain and only you control your assets.

Mentions:#MPC

Is there a way to use ZengoWallet without using Zengo's MPC System? As in, is it possible to generate a seed phrase from it? The reason I ask is because MPC does solve the seed phrase vulnerability, but it seems like we've centralized a few components, mainly the Zengo server. Does this potentially create a server vulnerability on the unlikely off chance that Zengo as a company does not exist anymore in the distant future? And in that scenario, how would the servers continue running to provide wallet recovery or Legacy Transfers?

Mentions:#MPC

Legacy Transfer - when activated - covers all assets inside of your Zengo wallet. We do not hold recovery keys because we do not use a traditional, centralized seed phrase or private key (they are a massive vulnerability). Instead we use MPC (multi-party computation) in a 2-of-2 system. Since we started 5 years ago, 0 Zengo wallets have been phished or taken over (unlike seed phrase wallets that see this every single day). Go here to learn more about how an [**MPC wallet**](https://zengo.com/mpc-wallet/) **works**.

Mentions:#MPC

Zengo has no seed phrase vulnerability. As noted in the OP, Zengo was the first consumer MPC wallet to take the tech used by billion-dollar institutions and make it available for regular folks. What this means: A wallet much more secure than traditional software wallets AND more secure than seed phrase hardware wallets! Learn more about Zengo's MPC here: Using a 2-of-2 Multi-Party Computation (MPC) framework, each of the two Zengo parties (Zengo app on the user device and Zengo server) independently generate their own “Secret Share” during the wallet creation process. The secret shares are cryptographically locked to prevent MITM attacks. * The share randomly generated on the user’s device is called the Personal Share and leverages the device’s hardware-based random number generator (TRNG). Only the Personal share can initialize and sign transactions, all of which are verified by the device’s hardware (Secure Enclave or TEE/Trusted Execution Environment). * The share randomly generated on Zengo’s remote server is called the Remote Share and is used to co-sign transactions emerging from the Personal Share. Using MPC, these two Secret Shares are able to compute their corresponding public key securely. Even if a hacker gains access to one of the two secret shares, it is still useless to them as they cannot spend user funds. 

Mentions:#OP#MPC#TEE

There is no difference in personal experience between using an MPC wallet like Zengo and a traditional seed phrase wallet. One of the advantages of MPC is that it is chain agnostic. The blockchains we support (Bitcoin, ETH, many ETH L2s like Base, Arbitrum One, Polygon, etc) do not know your funds are being directed from an MPC wallet versus a seed phrase wallet. Perhaps you are asking something different? Please let us know if you need additional clarifications!

Mentions:#MPC#ETH

You've explained how Zengo's MPC system uses a 'Remote Share' on your server to co-sign transactions. That's a clever setup, but it makes me wonder: what safeguards are in place to prevent malicious actors from gaining access to your server and potentially compromising the 'Remote Share'?

Mentions:#MPC

Ser... Zengo doesn't have a token. It's an MPC wallet more secure than traditional hardware wallets. How is that a pump and dump...?

Mentions:#MPC

The biggest challenge with legacy transfers has always been that the beneficiary might know absolutely nothing about crypto, and might not have the technical ability to figure it out. They don’t know what MPC is, they don’t even know what an exchange is, all they know is that their loved one has passed, their will mentions that they have been left a large sum of “bitcoin” whatever that is, and some additional USD in their bank account would really come in handy right about now. This of course often opens the door for scammers who claim to “help” the beneficiary. How does your service address this issue? Also, your MPC architecture from a quick glance at the whitepaper requires that one of the signers go through Zengo. One of the reasons of “not your keys not your crypto” is that Bitcoiners don’t want that a third party might have the ability to deny them access to their funds. Additionally, this may open the door to legal challenges where your company might be compelled to freeze access to a particular user’s wallet by a court order. How is this issue addressed on your platform?

Mentions:#MPC

I've donated to the lone guy who maintains MPC-HC. And used it to pay for VPN.

Mentions:#MPC#HC#VPN

tldr; Zilliqa, a high-throughput blockchain platform, has integrated with Fireblocks, an enterprise platform for managing digital assets, to enable Fireblocks customers to securely store and transact ZIL tokens. This partnership enhances Zilliqa's accessibility for institutional finance, supports EVM applications, and fosters multi-chain application development. Fireblocks, known for its MPC custody technology, serves thousands of financial institutions and has facilitated over $6 trillion in digital asset transfers. This collaboration aims to expand Zilliqa's presence in institutional finance and its Web3 ecosystem, benefiting sectors like luxury and entertainment. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Mentions:#ZIL#MPC#DYOR

dude what are you talking about? BIP39 compatibility IS THE PROBLEM. A seed phrase is a single point of failure....that's the point. Also, what are you talking about shitcoin? There is no related coin at all. It's simply the industry leading MPC cryptography...which IS the most secure option.

Mentions:#BIP#MPC

I'm going to start replying to all of your post everytime you mention Cypherock. You clearly work at the company judging from your history. While Cypherock might be useful in some cases, it still requires significant effort and is stressful. It requires complex setup and ongoing maintenance. Why would anyone pay $159 to own a pain in the ass when they could simply download Gridlock for free and have easy, simple, secure self-custody powered by the most secure MPC cryptography available?

Mentions:#MPC

Zengo's Legacy transfer is a joke and most certainly custodial, just like their so-called "non-custodial" MPC. Check out Gridlock which has actual non-custodial MPX and offers the same legacy transfer service FOR FREE.

Mentions:#MPC#MPX#FREE

Ping for verified users associated with MPC: /u/ZenGoOfficial *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*

Mentions:#MPC

Absolutely, the rise of crypto AI makes privacy crucial. While FHE has limitations, TEEs stand out for their ability to synergize with techniques like ZKP and MPC, offering robust privacy solutions. [Oasis](https://oasisprotocol.org/blog) technologies, with their focus on smart privacy for web3 and AI, are indeed paving the way for the future we've all been anticipating.

Mentions:#ZKP#MPC

I'm going to check it up. The thing is that none of this security methods should be utilized alone. I also believe that Sight AI will deeply rely on ZK, MPC and TEE as well.

Mentions:#ZK#MPC#TEE

As crypto AI gains momentum, the need for privacy becomes all-important. FHE is nice but it has its set of limitations keeping it down the pecking order of privacy-preserving techniques. Imo, [TEEs](https://oasisprotocol.org/blog/comparing-zkp-tee-privacy) have a great deal to offer, more so because they can work synergistically with other techniques like ZKP or MPC making robust privacy solutions for the next-gen web3 projects. A look into the [Oasis](https://oasisprotocol.org/) technologies that focus on smart privacy for web3 and AI can be the future we have been all looking forward to.

Mentions:#ZKP#MPC

Ping for verified users associated with MPC: /u/ZenGoOfficial *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*

Mentions:#MPC

Adding to this, I wouldn't make serious transactions that you want kept private on it because their model is essentially: all of our on chain smart contract txs are encrypted, and they can only be decrypted by material stored in the Trusted Execution Environments (TEEs) of our validators... But TEEs are broken all the time and information can be leaked from them without anyone else knowing. Having untrusted validators have direct access to hardware that needs to keep secrets is a very difficult model to work with. That said, the last time I looked into this was a year ago and they were maybe going to try and do some MPC-like thing and I have no idea where they're at with that soy info could be out of date, but this is fundamentally a very difficult problem to solve in a scalable way

Mentions:#MPC
r/CryptoCurrencySee Comment

The security of the assets is backed by MPC algorithms, ensuring that you will not lose access to your tokens. As mentioned, exchange nodes only provide order-matching services, maintaining the integrity of your assets. Additionally, if you operate a DEX without engaging with U.S. persons or trading U.S. securities, you will have a significant safety cushion from U.S. regulatory scrutiny. This approach allows you to comply with international laws while benefiting from the security and efficiency of decentralized trading.

Mentions:#MPC#DEX
r/CryptoCurrencySee Comment

How does JayX Protocol's chain abstraction and MPC technology enhance the user experience compared to traditional and other decentralized exchanges, and what specific advantages does it offer in terms of transaction speed, security, and interoperability?

Mentions:#MPC
r/CryptoCurrencySee Comment

Thanks for contributing with your questions! 1. **MPC vs. Multisig:** * **MPC:** In Multi-Party Computation (MPC), private key shares are managed through a distributed protocol where each party holds a part of the key. The actual private key is never reconstructed, significantly enhancing security against insider threats and external attacks. * **Multisig Wallets:** Private key shares are held by different parties or devices, and signatures are aggregated to complete a transaction. This method requires careful coordination and secure storage of each share but can be more vulnerable to coordination issues and potential insider threats. 2. **Chain Abstraction and Fees:** * Based on data from centralized exchanges, high-frequency trading (HFT) costs typically range from 2-4 basis points. For high-frequency volume trading, the gas fee cost is a fixed fee, which is comparable or even lower than what CEXs charge. * Additionally, charging a fixed fee per transaction can help prevent wash trading and fake volumes, ensuring a more transparent and fair trading environment. 3. **Centralization Concerns with MPC:** * **JayX Account:** Similar to how centralized exchanges operate, each user has their own on-chain address. The exchange uses a script to monitor individual accounts, moving assets to a centralized pool upon deposit and withdrawing from this pool as needed. Each user's JayX wallet is generated using MPC, ensuring that only your wallet can access and authorize transactions, providing a high level of security and control. * **JayX Vault:** The Vault functions like a centralized pool but with enhanced security features. The balance of each account is maintained on our blockchain ledger, and the pool is created at the genesis block using MPC technology. Funds in the Vault can only be moved after consensus among all nodes, adding an extra layer of security. This setup supports high-frequency trading with lower costs and faster settlements by bypassing native chain confirmation times. * **Decentralization Measures:** To avoid a 51% attack on the Vault, when node-staked TVL (Total Value Locked) reaches 80% of the Vault TVL, the Vault will initiate rebalancing, where inactive funds are returned to users' MPC wallets. This ensures that assets remains decentralized and secure.

Mentions:#MPC#HFT
r/CryptoCurrencySee Comment

Appreciate you asking this, thank you! Absolutely, I agree that designing DEXs to feel more like CEXs can significantly improve user experience. Regarding the JayX Account and Vault, here’s a detailed breakdown: **JayX Account:** Think of how a centralized exchange operates: each user has their own on-chain address, and the CEX uses a script to monitor individual accounts. When assets are deposited, the script moves the assets to a centralized pool, and all withdrawals come from this pool. JayX follows a similar process. Each user's JayX wallet is generated using Multi-Party Computation (MPC), ensuring that only your wallet can access the funds and authorize transactions. This provides a high level of security and control similar to traditional financial systems. **JayX Vault:** The Vault functions like a centralized pool but with enhanced security features. The balance of each account is maintained on our blockchain ledger, and the pool is created at the genesis block using MPC technology. Unlike single wallets, funds in the Vault can only be moved after reaching consensus among all nodes, adding an extra layer of security. Once assets are in the pool, transactions can be settled on JayX’s layer-2 chain, bypassing the native chain confirmation times. This setup supports high-frequency trading with lower costs and faster settlements.

Mentions:#CEX#MPC
r/CryptoCurrencySee Comment

Thanks for the question! We do not bridge chains, which means the user experience on each chain remains consistent and unchanged. Our primary focus is on decentralized management and custody of assets across all chains, ensuring security and consistency without modifying the inherent user experience of each EVM-compatible chain. Additionally, by leveraging Multi-Party Computation (MPC), we are future-proofed and can support any private-public key encryption. This enables us to support native chains like BTC, SOL, and APTs, among others.

Mentions:#MPC#BTC#SOL
r/CryptoCurrencySee Comment

Thanks for asking, we love questions like these! JayX ensures seamless integration and interoperability through its innovative chain abstraction layer and Multi-Party Computation (MPC) technology. The chain abstraction layer simplifies interaction with various blockchains by providing a unified API that can seamlessly connect to multiple blockchain networks. This approach minimizes integration complexities and allows for the quick addition of new and emerging blockchains. MPC technology secures cross-chain transactions by allowing multiple parties to jointly compute functions over their inputs while keeping those inputs private. This ensures that cross-chain transactions are secure, verifiable, and resistant to malicious attacks. Current Supported Blockchains: Ethereum Binance Smart Chain (BSC) Polygon (Matic) Avalanche Bitcoin (BTC) and BRC20-related protocols Blockchains in the Pipeline: Solana Ton Polkadot Cardano

Mentions:#MPC#API#BTC
r/CryptoCurrencySee Comment

Thanks for asking, we love questions like these! JayX ensures seamless integration and interoperability through its innovative chain abstraction layer and Multi-Party Computation (MPC) technology. The chain abstraction layer simplifies interaction with various blockchains by providing a unified API that can seamlessly connect to multiple blockchain networks. This approach minimizes integration complexities and allows for the quick addition of new and emerging blockchains. MPC technology secures cross-chain transactions by allowing multiple parties to jointly compute functions over their inputs while keeping those inputs private. This ensures that cross-chain transactions are secure, verifiable, and resistant to malicious attacks. Current Supported Blockchains: Ethereum Binance Smart Chain (BSC) Polygon (Matic) Avalanche Bitcoin (BTC) and BRC20-related protocols Blockchains in the Pipeline: Solana Ton Polkadot Cardano

Mentions:#MPC#API#BTC
r/CryptoCurrencySee Comment

Thanks for the question! We do not bridge chains, which means the user experience on each chain remains consistent and unchanged. Our primary focus is on decentralized management and custody of assets across all chains, ensuring security and consistency without modifying the inherent user experience of each EVM-compatible chain. Additionally, by leveraging Multi-Party Computation (MPC), we are future-proofed and can support any private-public key encryption. This enables us to support native chains like BTC, SOL, and APTs, among others.

Mentions:#MPC#BTC#SOL
r/CryptoCurrencySee Comment

Hi and thank you very much for this AMA! I have been following the MPC prospect in the NEAR protocol and find it fascinating. Here are my questions. 1. What is the difference and advantages of using MPC over simply using hot wallets with multisignature that divide private keys into several shares? As far as Im aware, both are fairly fast with transaction speed. 2. While the idea of chain abstraction to simplify multichain transactions is very appealing for your average Joe, does that not inccur additional SEED fees for the intent relayers/validators (on top of the regular cross chain tx fes)? If so, does that not make the whole prospect fairly unappealing for low volume high frequency traders? 3. If my understanding is correct, abstract chain transactions wind up with 1 MPC wallet holding all the assets. If that is the case, isnt the whole thing fairly centralized?

r/CryptoCurrencySee Comment

1. How does JayX ensure seamless integration and interoperability of new and emerging blockchains through its chain abstraction and MPC technology? Can you provide specific examples of blockchains currently supported and those in the pipeline? 2. What mechanisms or technologies does JayX employ to ensure that its decentralized order-book exchange maintains high throughput and low latency, especially under heavy trading volumes? How does it compare with centralized exchanges in terms of performance? 3. Given the emphasis on security, what specific measures does JayX take to safeguard against common vulnerabilities such as 51% attacks, front-running, and smart contract exploits? Are there any third-party audits or formal verification processes in place?

Mentions:#MPC
r/CryptoCurrencySee Comment

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Mentions:#MPC
r/CryptoCurrencySee Comment

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Mentions:#MPC
r/BitcoinSee Comment

The whole code is available for you to understand what is going on inside to the last detail and there is not much in there either. Its just a simple MultiSig transaction and a couple of PSBTs distributed cleverly between the participants. There is no coomplex cryptography or anything like MPC. Also, whenever and wherever this solution is offered to end users, the entire code-base will be available for everyone's perusal too. You dont need to trust... you can verify.

Mentions:#MPC
r/BitcoinSee Comment

MPC

Mentions:#MPC
r/CryptoCurrencySee Comment

You are correct that seed phrases are a terrble security practice. You need multisig for ultimate security. Multisig is based on a specific blockchain but there is another technology called threshold sig that allows for multiple signers and works with many different blockchains. Generally this technology is called MPC (multi-party computation) but that term is being used very loosly and you should research to understand the level of distribution used by each product.

Mentions:#MPC
r/CryptoCurrencySee Comment

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Mentions:#MPC
r/CryptoCurrencySee Comment

You are very wrong. Privacy, together with regulation, is the major reason for public blockchains to not be adopted. First, let us be clear what privacy means. By privacy, I don't mean privacy in the sense of a Monero-like blockchain. By privacy, it means privacy-preserverving smart contracts. Example of cryptographic protocols towards privacy is Fully Homomorphic Encryption (FHE), Multi-Party Computation MPC, etc. Applications of these are here [https://eprint.iacr.org/2023/122](https://eprint.iacr.org/2023/122) [https://link.springer.com/chapter/10.1007/978-3-031-32415-4\_17](https://link.springer.com/chapter/10.1007/978-3-031-32415-4_17) and range from TradFi all the way to real estates and e-commerce. Literally, anything that has to do with real-world transactions, whether that be financial or identity-related transactions. Now, the main reasons that we have not seen these protocols implemented in the wild yet is as follows. For FHE, there's a computational hurdle in the sense that it is highly computational intensive. For MPC, we have them in a permissioned setting, such as a centralised server like Google or in TradFi. But in a decentralized setting, they can't be deployed as their security assumptions are weak and they are also computationally intensive. There are other protocols, such as Zero-Knowledge proofs. But zero-knowledge proofs can only be used in order to verify credentials and cannot be applied to stuff like protecting against front-running, etc. Research are conducted towards these, but it looks like the progress is slow as these are really hard problems: [https://dl.acm.org/doi/abs/10.1145/3548606.3559397](https://dl.acm.org/doi/abs/10.1145/3548606.3559397) Another extremely interesting application of these cryptographic protocols, if achievable, is that we can fully train a machine learning model in a decentralized setting, while everything, including the models and datas encrypted. Finally, now, cryptocurrencies only represent 0.5% of global economy. That is far, far, far from being adoption. But get these privacy-preserving protocols to work efficiently, and in a secure manner, in a decentralized setting, then all of TradFi, Real Estates, a great par of internet, such as running ads and so on will move onchain. And you will get mass adoption. Protocols such as FHE, MPC will greatly enhance research in healthcare (such as cancer research). You can finally run a presidential voting onchain, and even implement CBDC in a way that preserves privacy.

Mentions:#MPC
r/CryptoCurrencySee Comment

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Mentions:#MPC
r/CryptoCurrencySee Comment

A secure way to self-custody. More secure than single-factor hardware wallets. MPC stands for Multi-Party Computation. TLDR: No seed phrase or single point of failure. Think of a mental model like a distributed or decentralized Private Key. Learn more about Zengo's MPC model here: [https://zengo.com/security](https://zengo.com/security)

Mentions:#MPC
r/CryptoCurrencySee Comment

What's MPC?

Mentions:#MPC
r/CryptoCurrencySee Comment

Thanks for the question, here at Bitget Wallet, security is of utmost importance to us. We employ multiple security checks to ensure the safety of every transaction and interaction. In addition to that, we support MPC and AA wallets, offer hardware wallet compatibility and have conducted audits on Bitget Wallet core codes for swaps and NFT market protocols. Not to mention, Bitget Wallet users are also eligible to share in a $300 million user protection fund with Bitget, enjoying another layer of added security.

Mentions:#MPC#AA
r/CryptoCurrencySee Comment

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Mentions:#MPC
r/BitcoinSee Comment

THE largest holdings in btc use multi party computation MPC. Why on earth are.peeps downvoting? Are they really that unaware? Good luck, dear God.

Mentions:#MPC
r/BitcoinSee Comment

"What's MPC I ask..." Looking it up, it's just multisig. From their site... > MPC wallets like Zengo replace the traditional private key with two independently created mathematical “secret shares.” One share is stored on your mobile device and the other on the Zengo server. > With no single point of failure, even if something happens to one of the shares, no one can access your crypto but you. Ouch, that's 1 of 2 multisig. So, instead of securing your seed phrase, you have to trust Zengo to not steal your Bitcoin. Sounds great. Sign me up.

Mentions:#MPC
r/BitcoinSee Comment

Stop using seeds and start using MPC like the biggest players with the moat to protect do. Zengo is a good option.

Mentions:#MPC
r/CryptoCurrencySee Comment

Partisia MPC

Mentions:#MPC
r/CryptoCurrencySee Comment

Partisia Blockchain (MPC). Just listed on KuCoin/gate/bitfinex and some other exchanges a few days ago.

Mentions:#MPC
r/CryptoCurrencySee Comment

Memecoins are for gamblers. It’s just a bunch of idiots playing ‘money chicken’ with each other. Last one to pull out holds the bag. People should be doing their gambling with coins that have technology behind them, that way if it moons it has the potential to actually stay there and have some form of utility. I have an appetite for risk, I won’t deny it, but I risk it on new coins that have a purpose. Like I literally just dumped my bags into MPC on KuCoin, newly listed and has big tech behind it. So let’s see who’s left standing in the end, tech or memes, and I bet it’s tech.

Mentions:#MPC
r/BitcoinSee Comment

They’re a nice platform that do things a little differently from many others. Segregated client accounts. Intelligent MPC wallets with FireBlocks. Easy access to realistic and risk assessed DeFi if you choose to. Probably the most transparent fees structure I’ve ever come across. Still over $500m AUM in this market, so doing ok. If anything they can be charged with being too transparent and risk adverse. As shown here, sometimes it makes customers irritated. And with offering realistic yields vs the others (lending platforms, not the same) Anyhoo. Clearly come bull time they need to market in your territory!

Mentions:#MPC
r/CryptoCurrencySee Comment

Any project that does a combination of the following: MPC, privacy, data.

Mentions:#MPC
r/BitcoinSee Comment

Interesting take. While many teams are building to make seedphrase backups obsolete through MPC, SSS, AA etc. Reading the contrarian view to why seedphrases are important is healthy.

Mentions:#MPC#SSS
r/CryptoCurrencySee Comment

Most of the ones i know are custodians rather than wallets. Check out argent though, i think they are MPC based wallet

Mentions:#MPC
r/CryptoCurrencySee Comment

Not exactly an authenticator, but you should look into MPC based wallets. Much safer than normal seed phrase wallets.

Mentions:#MPC
r/CryptoCurrencySee Comment

Looking for me? Here I am. >Nillion, an internet infrastructure platform based on cryptography, has developed a technology called Nil Message Compute (NMC), which changes how data is stored, processed and decentralized. This new technology could have important implications for how companies and users pursue decentralization as an ethos. >When asked how decentralization without blockchains was possible, Nillion CEO Alex Page explained how NMC-basedtechnology takes arbitrary data, transforms and fragments it, and then distributes the resulting particles across a network of nodes. >“The nodes can store the particles or run computations with the fragments of data without sending messages between themselves, and return the results to the desired end-point for reconstruction (without relying on trusted hardware)," Page explained to Cointelegraph. “Throughout the whole process, nodes are blind to whatever they are processing, yet are able to run computations at speeds that in many cases are significantly faster than its predecessor technology, \[multi-party computation, or MPC\].”

Mentions:#NMC#MPC
r/BitcoinSee Comment

>they have 2 million bitcoin That's just custody in MPC and multisigs for institutions and funds including GBTC which is alone 635k bitcoin. That is not exchange balance. Coinbase the exchange is not comparable to the flows Binance handlers.

Mentions:#MPC#GBTC
r/CryptoCurrencySee Comment

All this tells you is that because they run a permissioned chain less people potentially have access. There is nothing technical about that solution and its not a solution to actual permissionless networks. Actual solutions are forward secrecy, key rotation and MPC. Something that is both close and/or oj the roadmap for Secret atleast. There are lessons to learn here but just denying access to the network is not one of those imo.

Mentions:#MPC
r/CryptoCurrencySee Comment

Dont think so personally at all. Secret was never about hiding transactional data but about providing a private state to be used in smart contract computation. If people want to do p2p private txs they should use monero. Secret is the only computational privacy chain on mainnet providing usecases no other blockchain can while being front running resistant and providing defi safety like sealed auctions and hidden liquidation points. This all is still possible only on secret. This bug was never exploited and wont reduce these usecases really. The chain remains private in production and improvements already announced will bring MPC and key rotation to make SGX bot a single point of failure. We all wish a fsst 100% peivate network existed. Sadly it doesnt. Secret chose a pragmatic solution and has iterates on its security for years and will prob do so in the future. I dont think this whole ordeal changes much about that. We can interact on secret via contracts without others seeing our details, thats the exact usecase that still holds true.

Mentions:#MPC
r/CryptoCurrencySee Comment

Not really, but reasonably close I guess. They don't have liabilities, they are not an exchange. They utilise MPC segregated wallets so not only are user funds not utilised by the company, but rather, it is set up in a way which makes even the temptation pointless since it's impossible. If Bitpanda was more secure than SwissBorg, then it'd be the former winning all the relevant awards in the awards in the blockchain space, rather than the latter. SwissBorg is a crypto wealth app. Bitpanda is a poor man's Revolut. Big difference.

Mentions:#MPC
r/CryptoCurrencySee Comment

Qredo has something like this. MPC is a better version of multisig.

Mentions:#MPC
r/CryptoCurrencySee Comment

Anyone know anything about Partisia (MPC)? Looks like it's really early for them. Not even listed on CoinMarketCap.

Mentions:#MPC
r/CryptoCurrencySee Comment

Arise SwissBorg and its MPC segregated wallets

Mentions:#MPC
r/CryptoCurrencySee Comment

tldr; The Bank of England has raised interest rates by the highest rate in 33 years. The Monetary Policy Committee (MPC) voted by a majority of 7-2 to increase interest rates to 3%. The UK recorded 10.1% inflation in October, the second time in three months. The MPC predicts inflation will fall sharply from the middle of 2023. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Mentions:#MPC#DYOR
r/CryptoCurrencySee Comment

Thematics now launched on SwissBorg, an auto rebalanced allocation into themed basket of cryptos. The first thematic launched is web3 with a basket of 13 cryptos, next auto rebalancing is in 5 days. If eligible to join in your jurisdiction it's well worth checking out SwissBorg is technically a CEX but uses MPC secured segregated user accounts. The yields are dynamic and realistic, with a range of risk offerings to suit all needs. They also have XBorg an esports team that also offers exclusive opportunities to invest in seed rounds. There is also SwissBorg ventures, your own personally curatable hedge fund. This is only available to the most loyal OG investors atm but will open up in a staggered approach. Don't take my word for it however. Check out their Netflix quality YT channel where they host weekly community roundups and interviews with devs and other serious actors behind the scenes in the cryptosphere

Mentions:#CEX#MPC#YT
r/CryptoCurrencySee Comment

tldr; Facebook owner Meta has joined the MPC Alliance, a non-profit group focused on cryptographic privacy and security, according to a press release. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Mentions:#MPC#DYOR
r/BitcoinSee Comment

!thanks, appreciate you talking the time. I need to look up MPC and see how this works. Will probably come back to you later with questions :)

Mentions:#MPC
r/BitcoinSee Comment

So i would ignore the "scattered around the world" for now. My understanding is that they use mpc with a third party they trust. That third party is probably the one providing the wallets to customers. Companies typically do this for scalability reasons. Rather than maintaining the infrastructure themselves (typically just BTC), some are now relyingg on a third party that allows them not only to provide BTC wallets to customers, but easily other coins and stable coins. So the problem here would be "oh, this third party owns my crypto.. What if they are compromised or whatever" : with MPC, every single transaction needs to be signed by the two parties - the 3rd party xapo is using, and xapo themselves. So technically, this third party cannot just wake up one day and leave with their money. Lastly, on the "cold storage of key material" typically means that, while there's a trust relationship between both when it xomes to signing transactions, they may also have some sort of master key that allows them to still retrieve funds in case this third party fucks off. Those "keys" seem to in some cold storage bank-grade class iii vaults in various locations. Again, this is a common practice to not store such a important key in a single location (in case of war, catastrophic scenarios, politics or something that would prevent them to access that location when shit its the fan)

Mentions:#BTC#MPC
r/BitcoinSee Comment

That is probably an old documentary. You can read in their website that they use multisig now `Xapo will always be committed to safekeeping our members' funds. Our self-custody crypto solution relies on state of the art Multi-Party Computing (MPC) "keyless" wallets, whose signing shares are managed by Xapo as well as a trusted SOC2 Type II compliant third party. They are secured using Hardware Security Modules (HSM) devices and we employ strict controls and access rights to both the assets and supporting infrastructure. Cold storage of key material is supported by bank-grade Class III vaults in geographically dispersed locations.` The cold storage key material bit is for their own keys as they are the owners of their wallets instead of just relying on a third party for that

Mentions:#MPC#SOC
r/CryptoCurrencySee Comment

Oh wow, I'm jelly of your Genesis! Yeah been adding some good new tokens e.g. ALGO, ADA, did an exclusive partnership with Sweatcoin, and have released a whole bunch of new yield offerings, with VC opportunities coming soon. It still hasn't suffered any sort of exploit or smart contract issue, their MPC segregated accounts and smart contract auditing is standing up to scrutiny. Given everyone on Celsius and others have been critical of it because it's yields weren't quite as good as the market dropped off, it's performing very well imo. I'd rather earn a slightly lower yield and have more peace of mind about the security of my assets tbh, never quite 'got' all the criticism receieved. Come back... one of us one of us one of us... ;-)

Mentions:#ALGO#ADA#MPC
r/CryptoCurrencySee Comment

MPC wallets are essentially decentralized wallets from what I’ve read. No single point of exposure, and can be recovered without being exposed.

Mentions:#MPC
r/CryptoCurrencySee Comment

>MPC wallet tech will help us do that. You still didn't explain how that MPC wallets should look like or how you wanna start that campaign?

Mentions:#MPC
r/BitcoinSee Comment

Open a bank account and forget about crypto lol. Or MPC but if you’re not comfortable with your keys your better off with a custodian and the most trusted ones are banks

Mentions:#MPC
r/CryptoCurrencySee Comment

I thought you were going to say multisig/MPC.

Mentions:#MPC
r/CryptoCurrencySee Comment

Swissborg is best in safety. Nothing compares to it. Completely separated funds, bankruptcy safe funds, extremely high safety standards in technological aspects (e.g. MPC). The only other exchange that is reputable and behaves professional even in bear markets is FTX. Everything else has certain risky aspects. Even Binance.

Mentions:#MPC#FTX
r/BitcoinSee Comment

Use an MPC keyless wallet instead.

Mentions:#MPC
r/CryptoCurrencySee Comment

True, plus SEC settled charges with Engima MPC alleging it raised $45 million in an unregistered securities sale with its 2017 ICO. They had to return the funds to investors

Mentions:#MPC
r/CryptoCurrencySee Comment

Nash.io for real Bitcoin trading. ERC 20 Uniswap 1inch Polygon. 1c trades. No minimum trade like Binance force you to spend $10 as they lost 90 percent of customers after forcing KYC. Non custodial, MPC tech. Safest non custodial wallet in crypto😎 Far safer than trust wallet, at Nash you can set up blocks for withdrawals trade's etc. https://arxiv.org/abs/2106.10972

Mentions:#MPC
r/CryptoCurrencySee Comment

Oh no. This again? Alternate (accurate) headline. Coinbase collateral MPC address was changed.

Mentions:#MPC
r/CryptoCurrencySee Comment

Because "Coinbase moved collateral to new address" is not newsworthy. AFAIK Bitinfocharts only uses the address tags for cold storage addresses publicly claimed by exchanges. Exchanges have other addresses too for collateral, hot wallets etc. Unlike cold storage address, these addresses will be very active with lots of ins and outs and they change them from time to time for security. Pretty much all the big wallets are exchanges. I seriously doubt that MSTR corporate treasury is just a single address. It's probably multiple MPC set ups. I have to say Coinbase still using P2PKH is sad.

Mentions:#MSTR#MPC
r/CryptoCurrencySee Comment

Literally everyone has already reported that that 3rd wallet was Coinbase collateral MPC address. They just moved it all to the new address below. https://bitinfocharts.com/bitcoin/address/1LQoWist8KkaUXSPKZHNvEyfrEkPHzSsCd

Mentions:#MPC
r/CryptoCurrencySee Comment

What makes it look like a scam? I can tell you it's legit, we've been building for almost three years now. We are using the same MPC technology that sits behind all large crypto exchanges.

Mentions:#MPC
r/BitcoinSee Comment

Multi-party computation is "available" for Bitcoin in the sense that it is a technique that works on any blockchain since it requires no special features. I'm not familiar with any software that actually uses it. I wouldn't recommend MPC over multisig on Bitcoin since the latter is so well supported. Multi-party computation seems to be mostly one of those buzzwords that venture capitalists and altcoin marketing departments like to throw around. It sounds newer and flashier than multisig. It actually does have some advantages over multisig: * You can make changes to the quorum of keys without a blockchain transaction. * Theoretically it might improve privacy since nothing can be inferred about the signers from transactions, although I would argue the same level of privacy can be achieved with multisig by simply not reusing keys. But multisig is battle tested and, like I said earlier, well-supported on Bitcoin. The potential benefits of MPC are not interesting enough to me to make me want to use it over multisig. Maybe in the future if it becomes better-supported.

Mentions:#MPC
r/CryptoCurrencySee Comment

Highlights: - StarkNet is preparing for a Regenesis on mainnet. What does this mean? StarkNet accumulated a lot of dead weight in terms of deprecated/outdated features. To shed this dead weight, a regensis will be necessary. That means wiping all of the history on StarkNet. The good news: It will be as easy as possible to port the existing history over to the new StarkNet instance. For more details, read through the linked blog post StarkWare put out. - ZigZag announcing InvisibL3, a Layer 3 for private transactions. I can not stress enough how excited I am for initiatives like these. Instead of dealing with the rather complicated-to-use Tornado.cash or similar dApps, you will be able to transact and exchange tokens and coins privately on L3, without the horrendous gas fees as well. - Bulletproofs are now on Cairo. Bulletproofs are a zero knowledge proof system which allow for short inner product, range, shuffle, and arithmetic circuit proofs. Bulletproofs also support faster MPC protocols. - AAVE StarkNet deployment moves along. Phase 1 has concluded. There was a vote for Part 2 of Phase 1, which has passed two days ago with 0 votes against. This proposal was about unlocking funds from the AAVE DAO to cover the costs of deploying on StarkNet. - StarkNet community Call #18 - The Nethermind team that is building Solidity -> Cairo transpiler Warp were attending and walking us through Warp. - The MatchboxDAO hackathon concludes. 1 day left to submit your code, video, and documentation. Winners to be announced next Sunday (1 week from now). Over 50 teams have participated. - Over 440 ETH have been bridged so far (there's a cap). - Lots of useful links, articles & dev resources as usual! Make sure to check out the full post linked above. Thanks for reading, and I'll see you guys again next week!

r/CryptoCurrencySee Comment

My concern for them is that they were so vehemently set on this belief that they may have seriously overexposed themselves to Celsius' issues. I know from highly reputable penetration tests and from audits that SB has at least 2 years of capital to ride the storm, and the way the platform operates ought to generate another years worth of revenue during that 2 year storm. Funds are entirely segregated from company accounts independently locked under Fireblocks MPC wallet tech. Whilst it's not 100% safe and anything can happen, I did try to warn the individual that SB offers are pretty high industry standard of security and that they should possibly think twice about moving everything to Celsius. BTC maxi in cold storage is obviously the pinnacle safety approach but if this isn't conducive to the individual then a 'spread betting' approach is essential, knowing you're likely sacrificing some of your capital for other streams to survive/thrive.

Mentions:#SB#MPC#BTC
r/BitcoinSee Comment

> I am inclined to believe your and your bankers' words and good intentions, but what about the next set, or the next? Humans are corruptable, if not through greed than blackmail and intimidation; it's unethical to trust entire economies on someone's good intentions. Yep, these are valid concerns. This is why these protections are enforced cryptographically to the extent possible, relying on distributed trust only when state-of-the-art crypto just isn't up to snuff (or there's an obvious impossibility result in the way). It's not perfect, but it is what it is. > What the central banks are trying to do is too complex to be pulled off, and the tools they require are unacceptably disruptive and easy to abuse. Sure. I am no economist and I won't pretend to be. My point was merely that governments and central bank folks will resist suggestions that they should surrender their ability to try to influence these things. > And, I'm not convinced that deflation was the cause of the Great Depression, or that that kind of deflation is the same as having a hard cap on money supply. I didn't mean to suggest that it was the cause. But economic theory suggests that it is what you should expect. Central banks target 2% inflation for a reason: It incentivizes economic activity. We all hate billionaires. Imagine if the selfish thing to Elon Musk to do was to fire all of his employees, quit investing in R&D, and hodl al his money in a big vault. In a deflationary economy, that would be the only risk-free way for him to ensure that his net worth continues to grow relative to the rest of us. In an inflationary economy, he is forced to invest -- in labour, in R&D, in other companies, etc. -- or else his wealth will slowly dwindle away. You already see people who are worried they will never be able to retire and yet are buying Bitcoin for their kids. Why buy Bitcoin for your kids? Well, if Bitcoin ever becomes the world's currency, it is entirely possible that by the time today's kids grow up, all essentially wealth will be generational wealth. So better start building that generational wealth before it is too late. > Also, curious what you guys come up with. How much of it will be open source or published in some form? A few of the cryptographic primitives I've developed for this project are already published. My "day job" centers around digital liberties and privacy-enhancing technologies, and these tools were all generally useful and not just building blocks for a CBDC. So the publications frame them as tools for censorship circumvention and/or theoretical ZKP constructions and/or new primitives for scalable MPC, without any mention of CBDC applications. And since I am a cryptographer first and a software developer... err, third, very little of my code is likely to ever see deployment in a CBDC, even if the bank ultimately decides to role out something based on my design. At best, some of my low-level crypto code will be in here. And this is all already incorporated into open-source projects, albeit with no obvious signs that it was motivated by/developed for CBDC applications. With that said, my understanding is that the bank ultimately intends to release a full open-source reference implementation of whatever they ultimately roll out, assuming they do ultimately roll something out. As of now, they have not "officially" decided to roll out a CBDC at all, and are currently just exploring what is possible.

Mentions:#ZKP#MPC